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2 years ago

Match each of the following accounts to its proper balance sheet classification.

1 answer:

4 0

The matching of the accounts to its proper balance sheet classification are : Current Assets, Current liabilities and Intangible Asset.

<h3>What is a balance sheet?</h3>

A balance sheet is a snapshot of a company's financial health. The balance sheet gives details of assets and liabilities of a company at a specific point in time.

Balance sheet are classified so that they can be easy to read and information extracted.

<h3>Balance sheet classification are :</h3>

Accounts payable - Current Liabilities
Accounts receivable - Current assets
Accumulated depreciation - Long-term current asset
Buildings - Fixed asset
Cash - Current Liabilities
Goodwill - Intangible asset
Income taxes payable - Current liabilities
Investment in long-term bonds - Current asset
Land - Fixed asset
Inventory - Intangible asset
Patent - Intangible asset
Supplies - Current asset

Learn more here about balance sheet classification here : brainly.com/question/9452212

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Refer to the accompanying balance sheet for the First National Bank. Assume the reserve ratio is 15 percent. If a check for $20,

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The answer is b $15,000

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3 years ago

Harvey Industries, a Wisconsin company, specializes in the assembly of high-pressure washer systems and in the sale of repair pa

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Answer:

1. Airplanes.

2. Ice-cream plants.

3. Building maintenance.

4. Engines.

5. Automobiles.

6. Barns.

7. Lift trucks.

8. Swimming pools.

9. Machinery.

Explanation:

In this scenario, Harvey Industries, a Wisconsin company, specializes in the assembly of high-pressure washer systems and in the sale of repair parts for these systems. The products range from small portable high-pressure washers to large industrial installations for snow removal from vehicles stored outdoors during the winter months.

Basically, the high-pressure water cleaning is a process that involves using water running at a very high pressure and sometimes high temperature to remove mold, dirt, dusts, loose paint, snow removal, grime etc from physical objects such as vehicles, equipments, buildings, billboards through the use of a plunger pump.

The typical uses for high-pressure water cleaning include: Airplanes, Ice-cream plants, Building maintenance, Engines, Automobiles, Barns, Lift trucks, Swimming pools, Machinery etc.

The proper application of high-pressure water cleaning helps to reduce environmental degradation, ensure equipments or environment are clean and neat. Also, high and tight places that cannot be easily reached by humans can still be cleaned with the help of a high-pressure water cleaner.

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3 years ago

Free ponts im only doing this bc i hate my life and put se.xy anime grils on ur answer

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Answer:

I need these points really bad thx so much!!!!

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3 years ago

Please answer the following questions to describe an instance in which you, an acquaintance, or family member has experienced an

AlexFokin [52]

Answer:

The externality that affected me was the U.S. recession of 2018.

Explanation:

The externality is the term that refers to a variation in a outside factor that end up affecting persons involve in a business that is not related directly to the outside factor that changed.

1. The 2008 recession made harder for me to get a job in the restaurant sector even though the prices of the restaurants and hotels continued to be the same, many person have to cut their expenditure in tourism as the recession significantly impacted the financial institutions and many persons were laid off from their jobs which decreased consumption.

2. The effects of the recession were: increase in the unemployment, decrease in the consumption, increase in foreclosures.

3. I experienced decrease in my quality of life as it was harder for me to keep a job for a long time. Most of jobs were part time therefore it was a time where I have to live on my savings.

4. Pollution is best reduced if companies take conscience of the fact that they have a greater impact on the environment than individuals. This will lead to better business practices in the manage of residuals and raw materials.

5. A positive externality can create a bubble in the prices and overestimate the actual value of an asset e.g. cryptocurrencies bubble was a positive effect for some investor that really knew the value of this securities but in the long run it created a bubble and people that did not know about cryptocurrencies invested and lost most of their money.

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3 years ago

Kyle's checking account requires that he maintain a minimum balance of $3000 to avoid a monthly service fee, and his balance at

Crank

C. No, because his lowest balance so far this month has been $2989.30

Start with 3202.93 and add 436.37 = 3639.30 

Then take 650 away (3639.30 - 650 = 2989.20) 

It says that he must maintain a minimum of 3000 so when the check cleared he went below this amount. (just verified on apex)

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3 years ago

Read 2 more answers