D. Debit work in process debit manufacturing overhead …..
Answer: An increase in government spending
Explanation:
Currency appreciation is an increase in the worth of one currency against the value of another currency. Due to the appreciation of a currency, imports get cheaper.
In a small open economy, the appreciation of the real exchange rate can be caused by an increase in government spending as this puts pressure on domestic currency to appreciate, which leads to current account deterioration.
Answer:
A liability account in the balance sheet.
Explanation:
When rent is collected in advance, the entries required to be recognized at the point of collection is as follows;
Debit Cash account
Credit Unearned/Deferred rental revenue
The cash account is an asset while the Unearned/Deferred rental revenue is a liability account.
As such, the collection of rent in advance is A liability account in the balance sheet.
Machinery repairs, property taxes, salaries for workers variable: number of workers, what crop is being produced, gas for machinery.
A. 10 year look back period
B. Depends on the situation- could be 30 days to 60 days
C. about 2-12 years
D. 3 years to permanent revocation for licence supspension.
