Homework Answers
Expenses are two types one is revenue expenditure and other is capital expenditure. Expenditure are directly related to revenue is called revenue expenditure.
Plant assets purchases is a capital expenditure because it is not affect the revenue income but depreciation on plant assets is affect the revenue income so it means depreciation expenses is a revenue expenses.
As per above explanation,
Answer = Option 4 = Revenue Expenditure
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No results > arch Options 10 poi QUESTION 3 An account showing the portion of the cost of a plant asset that has...
QUESTION 21 1 poi Economic research indicates that average teacher quality has fallen since the 1970s....
QUESTION 21 1 poi Economic research indicates that average teacher quality has fallen since the 1970s. Part of th decline can be attributed to a. selectivity of educational programs limiting entrance. b.economic downturn causing fewer openings. c. alternative, better paying options available. d. the falling number of program completions. QUESTION 22 In 2008 the highest level of educational attainment of the U.S population was a. not a high school graduate b.four or more years of college c. some college d.high...
QUESTION 3 The ledger (T-accounts) keeps track of the balance in each account. True False QUESTION...
QUESTION 3 The ledger (T-accounts) keeps track of the balance in each account. True False QUESTION 4 The process of putting transactions into the books begins with the ledger (T-accounts). True False QUESTION 5 The income statement is a product of accounting and has a timeframe of over a period of time. True False Click Save and Submit to save and submit. Click Save All Answers to save all answers. QUESTION 1 Credit sales are a transaction. True False QUESTION...
what is the current ratio for ABC? courses/ 35017 1/ct/outline Question Completion Status: Use the following...
what is the current ratio for ABC?
courses/ 35017 1/ct/outline Question Completion Status: Use the following ABC Company Balance Sheet for questions 5-7 S 3,000 Cash 5,000 Accounts Payble Accounts Receivable Short term notes 2,000 1,000 1,000 4,000 Current portion of LTD Inventory 12,000 1,000 Other Other S 7,000 22,000 Total Current Liabilities Total Current Assets Long Term Debt 14,000 PP&E 15,000 S 21,000 Total Liabilities Accumulated Depreciation 2,000 13,000 PP&E, net Common Stock 6,000 14.000 Retained Earnings Total Stockholder's...
Multiple Choice Question 147 A company sells a plant asset that originally cost $375000 for $110000...
Multiple Choice Question 147 A company sells a plant asset that originally cost $375000 for $110000 on December 31, 2017. The accumulated depreciation account had a balance of $150000 after the current year's depreciation of $37500 had been recorded. The company should recognize a O $265000 loss on disposal. O $115000 gain on disposal. $115000 loss on disposal. $77500 loss on disposal.
QUESTION 3 3. Internet applications to plan and coordinate marketing and sales are known as: a....
QUESTION 3 3. Internet applications to plan and coordinate marketing and sales are known as: a. software programming b.itunes apps for businesses C. customer relationship management d. excel based spreadsheets QUESTION 4 4. Once monthly posting has been completed, the account receivable (A/R) subsidiary ledger should be: a. subtracted b. amortized C. Journalized. posted, and printed. d. totaled Chet Save and Submit to save and submit. Click Save All Answers to save all answers. Question Completion Status: are amounts that...
can you answer questions 7, 10, 11 and 13. thanks! Question Completion Status: QUESTION7 Refer to the following figure showing the reaction functions of oligopoly firms A and B OR, BR Bs Advert...
can you answer questions 7, 10, 11 and 13. thanks!
Question Completion Status: QUESTION7 Refer to the following figure showing the reaction functions of oligopoly firms A and B OR, BR Bs Advertising In Nash equilibrium, both firms are maximizing their own profits given the level of advertising expected to be undertaken by the other firm O firm B can increase its profit by unilaterally increasing its level of advertising O firm A can increase its profit by unilaterally increasing...
Fxercice 11-03 (Part Level Submission) CIUTI CU...y purchased a new plant asset on April 1, 2020,...
Fxercice 11-03 (Part Level Submission) CIUTI CU...y purchased a new plant asset on April 1, 2020, at a cost of $714,000. It was estimated to have a service life of 20 years and a salvage value of $57,120. Crane' accounting period is the calendar year. (a) Your answer is incorrect. Try again. Compute the depreciation for this asset for 2020 and 2021 using the sum-of-the-years'-digits method. (Round answers to O decimal places, e.g. 45,892.) Depreciation for 2020 62560 Depreciation for...
Heel System Announcements GALERATOR PRINTER VERSION BACK NET Question 10 A plant asset cost $110700 when...
Heel System Announcements GALERATOR PRINTER VERSION BACK NET Question 10 A plant asset cost $110700 when it was purchased on January 1, 2011. It was depreciated by the straight-ne method based on a discarded with no cash proceeds what gain or loss should be recognized on the retirement? year life with no savage value. On June 30, 2015, the asset was $24600 loss $18450 loss $12300 gain No gain or loss Click If you would like to show Work for...
QUESTION 22 The cash account shows a balance of 590.000 before reconciliation. The bank statement does...
QUESTION 22 The cash account shows a balance of 590.000 before reconciliation. The bank statement does not include a deposit of $5.000 made on the last day of the month. The bank statement shows a collection by the bank of $2.400 and a customer's check for $640 was returned because it was NSF. A customer's check for $900 was recorded on the books as $1,080, and a check written for $138 was recorded as $192. The correct balance in the...
a.3 b.5 c.7 d.10 Quesuon Completion Status: QUESTION 38 5 points Save A Use the following...
a.3
b.5
c.7
d.10
Quesuon Completion Status: QUESTION 38 5 points Save A Use the following tables to answer the question below Lonestar Corporation purchased a new truck for $45,000. Once the vehicle is taken out of service, they expect for it to be able to be sold for $15,000. What is the depreciable value? Property class (recovery period) Definition 3 years 5 years 7 years Research equipment and certain special tools Computers, printers, copiers, duplicating equipment, cars, light-duty trucks,...
QUESTION 21 1 poi Economic research indicates that average teacher quality has fallen since the 1970s. Part of th decline can be attributed to a. selectivity of educational programs limiting entrance. b.economic downturn causing fewer openings. c. alternative, better paying options available. d. the falling number of program completions. QUESTION 22 In 2008 the highest level of educational attainment of the U.S population was a. not a high school graduate b.four or more years of college c. some college d.high...
QUESTION 3 The ledger (T-accounts) keeps track of the balance in each account. True False QUESTION 4 The process of putting transactions into the books begins with the ledger (T-accounts). True False QUESTION 5 The income statement is a product of accounting and has a timeframe of over a period of time. True False Click Save and Submit to save and submit. Click Save All Answers to save all answers. QUESTION 1 Credit sales are a transaction. True False QUESTION...
what is the current ratio for ABC?
courses/ 35017 1/ct/outline Question Completion Status: Use the following ABC Company Balance Sheet for questions 5-7 S 3,000 Cash 5,000 Accounts Payble Accounts Receivable Short term notes 2,000 1,000 1,000 4,000 Current portion of LTD Inventory 12,000 1,000 Other Other S 7,000 22,000 Total Current Liabilities Total Current Assets Long Term Debt 14,000 PP&E 15,000 S 21,000 Total Liabilities Accumulated Depreciation 2,000 13,000 PP&E, net Common Stock 6,000 14.000 Retained Earnings Total Stockholder's...
Multiple Choice Question 147 A company sells a plant asset that originally cost $375000 for $110000 on December 31, 2017. The accumulated depreciation account had a balance of $150000 after the current year's depreciation of $37500 had been recorded. The company should recognize a O $265000 loss on disposal. O $115000 gain on disposal. $115000 loss on disposal. $77500 loss on disposal.
QUESTION 3 3. Internet applications to plan and coordinate marketing and sales are known as: a. software programming b.itunes apps for businesses C. customer relationship management d. excel based spreadsheets QUESTION 4 4. Once monthly posting has been completed, the account receivable (A/R) subsidiary ledger should be: a. subtracted b. amortized C. Journalized. posted, and printed. d. totaled Chet Save and Submit to save and submit. Click Save All Answers to save all answers. Question Completion Status: are amounts that...
can you answer questions 7, 10, 11 and 13. thanks!
Question Completion Status: QUESTION7 Refer to the following figure showing the reaction functions of oligopoly firms A and B OR, BR Bs Advertising In Nash equilibrium, both firms are maximizing their own profits given the level of advertising expected to be undertaken by the other firm O firm B can increase its profit by unilaterally increasing its level of advertising O firm A can increase its profit by unilaterally increasing...
Fxercice 11-03 (Part Level Submission) CIUTI CU...y purchased a new plant asset on April 1, 2020, at a cost of $714,000. It was estimated to have a service life of 20 years and a salvage value of $57,120. Crane' accounting period is the calendar year. (a) Your answer is incorrect. Try again. Compute the depreciation for this asset for 2020 and 2021 using the sum-of-the-years'-digits method. (Round answers to O decimal places, e.g. 45,892.) Depreciation for 2020 62560 Depreciation for...
Heel System Announcements GALERATOR PRINTER VERSION BACK NET Question 10 A plant asset cost $110700 when it was purchased on January 1, 2011. It was depreciated by the straight-ne method based on a discarded with no cash proceeds what gain or loss should be recognized on the retirement? year life with no savage value. On June 30, 2015, the asset was $24600 loss $18450 loss $12300 gain No gain or loss Click If you would like to show Work for...
QUESTION 22 The cash account shows a balance of 590.000 before reconciliation. The bank statement does not include a deposit of $5.000 made on the last day of the month. The bank statement shows a collection by the bank of $2.400 and a customer's check for $640 was returned because it was NSF. A customer's check for $900 was recorded on the books as $1,080, and a check written for $138 was recorded as $192. The correct balance in the...
a.3
b.5
c.7
d.10
Quesuon Completion Status: QUESTION 38 5 points Save A Use the following tables to answer the question below Lonestar Corporation purchased a new truck for $45,000. Once the vehicle is taken out of service, they expect for it to be able to be sold for $15,000. What is the depreciable value? Property class (recovery period) Definition 3 years 5 years 7 years Research equipment and certain special tools Computers, printers, copiers, duplicating equipment, cars, light-duty trucks,...
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