Answer:
Elementary Education → Accounting → Pharmacy → Crop Production
Explanation:
According to the employment statistics, Elementary education employs the least, and Crop production employs the largest number.
This is known as the repetition principle and this is used for long term memorization. This is also consistently used by commercials wherein certain keywords are repeated constantly so that one will not forget it over a course of time.
Answer:
Dr Fixed asset $156,000
Cr Cash $156,000
Being entries to record the cost of the machine
Explanation:
The cost to wire electricity and secure the machine in place are part of the cost to make the machine available for use as such, these will be capitalized with the cost of purchase of the asset.
Capitalized cost of asset
= $144,000 + $10,000 + $2,000
= $156,000
Answer:
d. financing activities section
Explanation:
cash investment made by the owner and their withdrawals will be in the financing activities section
On the financing activities, the accounting does a detail ofthe origin of funds which paid for the assets. These funds could be from owners or lenders.
Therefore, the equity transactions are included in the financing activities sections
From the owner point of view, it is an investment. But, we must remember that the owner and te company are different entities. For the company it is financiation
Answer:
A.$23,109.09
B.$114,829.09
C. 22.1%
Explanation:
a.
Interest expense 95,118
Interest (income) (9,144)
Other non-operating (income), net 23,517
($95,118 - $9,144 – $23,517)
= $62,457 ×37%
=$23,109.09
b.
Provision for income taxes $91,720 +$23,109.09 =$114,829.09
c.
$114,829.09/519,233
= 0.22 ×100
= 22.1%
