Answer:
a. True
Explanation:
Based on the information given the required adjusting journal entry will includes a $4,000 DEBIT TO UNEARNED REVENUE reason been that we were told that the company carried out 20 days of work out of 30-day contract before the end of the year which means that the company has earned an UNEARNED REVENUE by the end of the year of the amount of $4,000 calculated as ($6,000 * 20 days /30 days) which is why the adjusting Journal entry would includes a $4,000 DEBIT TO UNEARNED REVENUE.
Answer:
A
Explanation:
Harriet isnt their official child nor their relative.
Answer:
Explanation:
The reversing entries are shown below:
a. Salary and wages Payable A/c Dr $4,380
To Salary and wages Expense A/c $4,380
(Being reversing entry passed)
b. Salary and wages Expense A/c Dr $7,560
To Cash A/c $7,560
(Being reversing entry passed)
c. Salary and wages Payable A/c Dr $4,380
Salary and wages Expense A/c Dr $3,180
To Cash A/c $7,560
(Being reversing entry passed and the difference is debited to the Salary and wages Expense Account)
A blue-chip stock is the stock of a large, well-established and financially sound company that has operated for many years. A blue-chip stock typically has a market capitalization in the billions, is generally the market leader or among the top three companies in its sector, and is more often than not a household name.
Answer:
A) no, because the rate of return on the project is less than the desired rate of return used to calculate the present value of the future cash flows
Explanation:
The NPV is calculated by subtracting the initial investment from the Present value of the project's future cashflows;
NPV = 163,000 - 180,000
NPV = -17,000 , this eliminates choice B
NPV and IRR rule always agree on the decision to accept or reject a project so long as the pattern of cashflows is the same.
Since, the NPV is negative, this project will be rejected. For IRR rule to agree with this, the internal rate of return will also be less than the discount rate used to calculate the present value of future cashflows, making choice A correct.