Answer: The correct answer is "b. debit Cash and Accumulated Depreciation; credit Machinery, and Gain on Disposal".
Explanation: When a company exchanges machinery and receives a trade-in allowance greater than the book value, this transaction would be recorded with:
----------------------------------- . --------------------------------------------
Cash xxxx
Accumulated depreciation xxxx
Machinery xxxx
Gain on disposal xxxx
---------------------------------- . -----------------------------------------------
Cash is debited because the asset increase must be recorded, for the money entered for the sale.
The accumulated depreciation is debited to the fact that since the machinery leaves the estate, the account must be canceled.
Machinery is credited because when leaving the estate the account must be canceled.
"Gain on disposal" is credited as being an account of the positive result produced by the difference between the money received and the book value of the machinery.
A. Offering a safe product will make more people want to buy that particular product.
Answer:
A) describing job requirements and asking the employee how she would meet them
Explanation:
Equivalent work opportunity requires the business to treat each worker or occupation applicants similarly without segregating dependent on race, age, shading, sex, religion, national root or incapacity. Thus the best activity to meet equivalent work opportunity prerequisites is to portray the activity necessities and asking the representative how she would meet them to recognize whether the applicant is equipped for the position or not. Business can't deny the secretary occupation to a visually impaired individual or limit from going to the meeting clarifying no-pets under equivalent work opportunity laws. The business needs to give convenience just on the off chance that it would not force undue hardship on the business' s business and the business need not contract the applicant in the event that she isn't equipped for the position. Henceforth these alternatives aren't right.
Answer:
The answer is: D.) No, because the prohibited non-audit services were performed during the period covered by the financial statements.
Explanation:
The SEC states that auditors can not perform certain non audit services to an audit client:
- Bookkeeping
- Financial information systems design and implementation
- Appraisal or valuation services, fairness opinions, or contribution-in-kind reports.
Between 2013 and 2015, O&A performed the following services; bookkeeping and preparing monthly and annual financial statements. When RPB goes public in January 2016, it presented financial statements provided by O&A, so O&A can not be RPB's auditors.
Answer:
A market economy is an economic system in which the decisions regarding investment, production and distribution are guided by the price signals created by the forces of supply and demand. The major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production.Market economies range from minimally regulated free-market and laissez-faire systems where state activity is restricted to providing public goods and services and safeguarding private ownership, to interventionist forms where the government plays an active role in correcting market failures and promoting social welfare. State-directed or dirigist economies are those where the state plays a directive role in guiding the overall development of the market through industrial policies or indicative planning—which guides yet does not substitute the market for economic planning—a form sometimes referred to as a mixed economy.