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Leona [35]
3 years ago
8

Jeff Company issues a promissory note to David Company to get extended time on an account payable. David records this transactio

n by debiting
A. Notes Receivable and crediting Accounts Receivable.

B. Notes Payable and crediting Accounts Payable.

C. Accounts Receivable and crediting Notes Receivable.

D. Accounts Payable and crediting Notes Payable.
Business
2 answers:
victus00 [196]3 years ago
6 0
Jeff Company issues a promissory note to David Company to get extended time on an account payable. David records this transaction by debiting <span>Accounts Payable and crediting Notes Payable.

Hope this helps!!</span>
Olegator [25]3 years ago
6 0

C. Accounts Receivable and crediting Notes Receivable.

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There are four basic principles of finance. Which principle correctly describes the following​ statement: ​ "A dollar today is w
Mekhanik [1.2K]

Answer:

Time value of money

Explanation:

The ability of money kept in a savings deposit to earn interest over time and the increase in the total interest in line with the length of time, brought us to a conclusion that <em>an amount of money to be received now, that is in the present, is worth more than the same amount if received in the future.</em>

The increase in the value of money as a result of interest earned on it, increases the value of money, this concept is what is referred to time value of money.

8 0
3 years ago
A state government reported a $9,000 increase in net position in the motor pool internal service fund, a $12,000 increase in net
Anastaziya [24]

Answer: $12,000

Explanation:

Only the $12,000 will be reported in Statement of Activities ( the financial statement used to report revenues and expenses for governmental and business-type activities) as a change in net position for business-type activities.

Why?

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Because the Water Entreprise Fund is the only fund here concerned with BUSINESS TYPE activities, it's rise by $12,000 is what will be reported as the Net Change.

8 0
3 years ago
Which factors decrease because of protectionism? competition job security domestic production goodwill with trade partners impor
sveticcg [70]
Protectionism<span> is the economic policy of restraining trade between states through certain methods. From the choices listed above, I think the correct answer is the third option. The factor that would </span>decrease because of protectionism is <span>goodwill with trade partners.</span>
6 0
3 years ago
The roots of today's anthropology emerged from very early accounts of travelers in previous centuries. what about these accounts
NISA [10]
Early accounts of ethnic groups and their cultures and habits came from scientific travelers like George M. Dawson who became director of the Geological Survey of Canada. In his travels in Canada to explore its mineral potential, he encountered many native groups who he described and also wrote of their languages so this is an example of how early travelers laid the foundation for the studies of later anthropologists. 
5 0
3 years ago
One of the following is an example of managing earnings down (reducing earnings)?
malfutka [58]

Answer:

The answer is (C) Revising the estimated life of equipment from 10 years to 8 years.

Explanation:

Revising estimated life of equipment from 10 years to 8 years has the effect of increasing annual charge of depreciation.

8 0
3 years ago
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