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noname [10]
3 years ago
5

Which theory of incorporation holds that the Fourteenth Amendment applied the entire Bill of Rights to the states, nothing more

and nothing less
Business
1 answer:
enot [183]3 years ago
5 0

This view is often called the "Selective Incorporation" Theory.

What is Selective Incorporation?

Selective Incorporation is a doctrine describing the ability of the federal government to prevent states from enacting laws that violate some of the basic constitutional rights of American citizens.

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The following information is available for two different types of businesses for the 2016 accounting year. Hopkins CPAs is a ser
sergeinik [125]

Answer:

Hopkins CPAs and Sports Clothing

Hopkins CPAs:

Income Statement

Service Revenue $50,000

Salaries expense   32,000

Net Income           $18,000

Balance Sheet

Cash                  $108,000

Total assets     $108,000

Bank Loan          $90,000

Net Income           18,000

Total liabilities +

  equity           $108,000

Statement of Cash Flow

Cash from operations:

Net income             $18,000

Change in working

capital                   $90,000

Net operating cash $108,000

Reconciliation with cash:

Cash balance         $108,000

Sports Clothing:

Income Statement

Sales Revenue                    $50,000

Cost of goods sold 26,000

Operating expense  8,000  34,000

Net income                         $16,000

Balance Sheet

Cash                      $82,000

Inventory                 24,000

Total assets        $106,000

Bank Loan           $90,000

Net Income            16,000

Total liabilities +

 equity             $106,000

Statement of Cash Flow

Cash from operations:

Net income               $16,000

Change in working

capital:

Bank                         $90,000

Inventory                   (24,000)

Net operating cash $82,000

Reconciliation with cash:

Cash balance         $82,000

Explanation:

a) Data and Calculations:

Hopkins CPAs

Cash account:

Bank loan             $90,000

Service revenue    50,000

Salaries expense (32,000)

Balance =           $108,000

Trial balance

Cash                  $108,000

Bank Loan                            $90,000

Service Revenue                   50,000

Salaries expense 32,000

Totals                $140,000 $140,000

Sports Clothing:

Cash account:

Bank loan                $90,000

Inventory                  (50,000)

Sales revenue          50,000

Operating expense  (8,000)

Balance =              $82,000

Trial balance

Cash                      $82,000

Bank Loan                            $90,000

Inventory                 24,000

Cost of goods sold 26,000

Sales Revenue                      50,000

Operating expense  8,000

Totals                  $140,000 $140,000

5 0
3 years ago
Select all that apply.
Ulleksa [173]
Pretty sure a full time job is 45 hours
4 0
3 years ago
Read 2 more answers
Bailey Corporation manufactures and sells a number of products, including Product G. Results for last year for the manufacture a
snow_lady [41]

Answer:

Effect on income= $25,000 increase

Explanation:

Giving the following information:

Sales $750,000

Variable production costs $450,000

Sales commissions 110,000

Salary of product manager 95,000

Fixed product advertising 80,000

Fixed manufacturing overhead 70,000

Net operating loss ($55,000)

Assume that dropping Product G would result in a $40,000 increase in the contribution margin of other product lines.

We need to calculate the effect of dropping Product G.

Effect on income= - Net operating loss + increase in contribution margin - fixed overhead costs

Effect on income= 55,000 + 40,000 - 70,000= 25,000 increase

8 0
3 years ago
Adjusting entries: affect only cash flow statement accounts affect only balance sheet accounts affect only income statement acco
choli [55]

Answer:

affect both income statement and balance sheet accounts

Explanation:

Adjusting entry is commonly said to affects one income statement account which is the revenue or expense account. It also affect one balance sheet account which can be an asset or liability account. It usually result in a better revenues and expenses matching for the period.

They are refered to as the entry usually made at the end of at the end of the period to a given or assigned revenues to the period in which they were earned and expense to the period of being incurred.

Adjustments had five major categories which are accrued revenues, accrued expenses, unearned revenues, prepaid expenses, and depreciation. It is widely known that for every adjusting entry, it must affects at least one income statement account and one balance sheet account.

5 0
3 years ago
Jean has created a self improvement plan so she can meet her goal of getting a raise in six months. Which of these is an element
Anna007 [38]
It has to be C most likely I just think it is because it shows how the progress is rising
4 0
3 years ago
Read 2 more answers
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