The accountant recorded the adjusting entry for the depreciation of its long-lived assets with a debit to Depreciation Expense and a credit to Accumulated Depreciation. As a result of this entry, assets and stockholders' equity will be ______. Multiple choice question. unaffected by the entry understated decreased overstated

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Answer 1

As a result of the entry that was made by the accountant, assets and stockholders' equity will be decreased.

From the information given, it should be noted that an accountant recorded the adjusting entry for the depreciation of its long-lived assets with a debit to depreciation expense and a credit to accumulated depreciation.

Since there's a credit to the accumulated depreciation, it should be noted that there will be a reduction in the assets and the stockholders equity.

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Related Questions

instructions:wikarambulan is a sound like game. by saying\pronouncing and connecting the word, reveal the elements and factors of principles, tools and techniques in creating a business. write your answer on the blank space provided in the side of the paper.
1. IS TRE ENGCKS
2. OP FORTUNE NI TEAS
3. WEEK NEST CES
4.THREE EATS
5. IN DUST TREE
6. END BY RON MEANT ALL
7. PIE HAVE FOUR ZEST
8. ENCHO NO MEEK
9. SOAP FLYER
10. COST TOO MHER​

Answers

Answer:

1.strengths

2.opportunities

3.weakneses

4.threats

5.industry

6.environment

8.economic

9.supliyer

10.customer

__________ is the specialized area of management that converts or transforms resources into goods and services.

Answers

Answer:

operations management

Explanation:

Trust me

mention any five methods of doing off season vegetables farming,​

Answers

Answer:

the methods of doing off season vegetables farming are:-

Taking use of and utilising various agro-climatic conditionsImproved varieties are chosen.Adjustment of planting time.Making plastic tunnels, polythene houses, and permanent glass houses to provide controlled environmental conditions.

since her firm’s sales have increased from 3.5 to 4 percent, tanya has determined she would set her share of communication expenses at 4 percent of sales, which is an example of the use of the ________ method.

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When she determined to set her share of communication expenses at 4 percent of sales, it is an example of the use of the competitive parity method.

Competitive parity refers to when one want to achieve standard or average results as compared to others in your industry or within one's firm.

Here, because the firm’s sales have increased to 4%, she decided to set her share of communication expenses at 4% of sales

It is obvious she is acting because of the movement of internal situation (increase of firm's sales)

Thus, the scenario of method is definitely known as Competitive parity.

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General partners must obtain approval from a majority of the limited partners in order to manage the business. True or False

Answers

General partners do not have to obtain approval to run the business which means that this statement is FALSE.

In a Limited Partnership:

The limited partners are not involved in the running of the business The general partner makes all the relevant decisions involved in running the company

The general partner therefore, does not have to take permission from the limited partners to manage the business. The limited partners have limited roles with one of them being that they do not run the business.

In conclusion, this statement is false.

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When a company issues no-par common stock, the ______. Multiple select question. cash inflow is classified as a financing activity

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When the company issues no-par common stock, then, the:

entire amount of the proceeds will placed in Common Stock account. the cash inflow will be classified as a financing activity.

The no-par common stock is a stock issued without a par value.

The value of the no-par common stocks is determined by price that the investors want to pay on the open market.

In conclusion, the entire amount of the proceeds will placed in Common Stock account and the cash inflow will be classified as a financing activity.

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Bryan's department at Farrell Manufacturing is responsible for planning, implementing, and controlling the flow and storage of products and information from the point of origin to the point of consumption. In other words, his department handles _____ management.

Answers

Answer:

Logistics

Explanation:

Logistics

Bryans department is responsible for logistics because they are responsible for planning, implementing, and controlling the flow and storage of products.

What is logistic?

This is one aspect of the implementation and the carrying out of complex business operations in the work place.

The logistics department is a place that is responsible for the flow of things in the workplace.

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the changes in the non-cash balance sheet accounts explain the differences between the ______.

Answers

Income statement and the statement cash flows

In general, how would your best friend describe you as a risk taker?
A real gambler
Willing to take risks after completing adequate research
Cautious
A real risk avoider

Answers

Answer:

answer is B.............

In general my best friend would describe me as the one who is willing to take risks after completing adequate research. Thus, option B is correct.

What are benefits of taking risk in business?

When initially considered, taking risk in business may seem somewhat perilous. Yet, how each entrepreneur perceives and approaches business matters. The initial one is malleable.

When one studies subject in depth or encounters a number of negative solutions while working in the field, perception can change. With time, the second is less likely to change. By taking risk, we can help our business expand by utilizing our perception and that of our team. We must establish the boundaries of risk-taking within various sections of the firm.

Therefore we can conclude that option B is correct.

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During 2021, Jasmine, a self-employed individual, paid the following amounts: State income tax $2,400 State sales taxes 2,950 State occupational license fee 450 Personal property tax on value of automobile 400 What amount can Jasmine claim as taxes in itemizing deductions from AGI

Answers

Answer:

3350

Explanation:

Since state sales tax is larger than state income you will lose that and add your personal property tax of 400 to your deduction.

2950+400= 3350

Gerritt wants to buy a car that costs $29,250. The interest rate on his loan is 5. 53 percent compounded monthly and the loan is for 6 years. What are his monthly payments?.

Answers

Answer and Explanation: The answer is in the 1st image, and the explanation is in the 2nd image.

The monthly payment would be an amount of $541.04 for a car that costs $29,250.

What is a monthly payment?

A monthly payment is a payment made every month to pay off loans or advances. It's similar to EMI.

Given that Gerritt wants to purchase a car for $29,250. His loan has a compounded monthly interest rate of 5.53 percent and a term of 6 years

The total payback = P× r/100 × T + P

Here P = $29,250, r = 5.53 , and T = 6 years

The total payback = 29,250× 5.53 /100 × 6 + 29,250

The total payback = 29,250× 0.0553 × 6 + 29,250

The total payback = $38,955.15

The total payback of the borrowings will be $38,955.15 over a six-year period. The monthly payment for this will be,

The monthly payment = Total payback / No. of payment

The monthly payment = 38,955.15/ 72

The monthly payment = $541.04

Therefore, the monthly payment would be an amount of $541.04.

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Why is personal finance dependent upon your behavior?

Answers

Personal finance depends on your behavior because you are the manager of your financial resources, so it is necessary to carry out personal planning of your finances.

Personal financial behavior can be measured by six dimensions, which are:

Emergency fundsIndebtedness levelSavings ratesAsset diversificationRetirement PreparationWealth distribution

Personal finances are directly impacted by our behaviors and decisions. Some of these behaviors are subconscious and difficult to identify, but they should be analyzed in case they negatively influence your finances.

Therefore, financial planning is essential to use your financial resources consciously and in accordance with your goals.

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Western Company recently lost its entire inventory in an earthquake. The following information is available from its accounting records: Beginning Inventory: $5,000; Purchases: $18,000; Net Sales: $40,000;The company's average gross profit percentage is 40%. Using the gross profit method, a reasonable estimate of COGS for the past period would be:__________.1) $ 23,0002) $ 24,0003) $ 16,0004) $ 18,000

Answers

Answer: dont care

Explanation:

The two early economic plans proposed by President Carter improved economic growth. Did not improve economic growth. Gained support from many politicians. Reduced discrimination against banks.

Answers

The two early economic plans proposed by President Carter did not improve economic growth.

Jimmy Carter became the president of the United States at the time where the country was in a period of stagflation. There was high inflation in the country then and the economic growth was also very slow.

Jimmy carter tried to create reforms regarding the health sector, taxes, and the welfare of the nation.

His efforts to do these failed. One of the reasons why they failed was the fact that he had very poor relations with the congress.

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Answer:

B. did not improve economic growth.

Explanation:

edge2022 :)

How are the management functions of planning, organizing, and leading different from one another? explain.

Answers

Answer:

Planning is the function of management that involves setting objectives and determining a course of action for achieving those objectives.

The management functions are planning, organizing, and leading different from one another because planning is to plan for the future. Organizing are to coordinate the team. Leading are the lead the team according to the plan.

What is management?

The term “management” refers to the act of managing. The management of the business activities. Management is the basis of art, science, and the profession. Management are they manage the organization. Management are based of the different functions are the step by step.

There are the different types of the function of the management are the planning, organizing, and the controlling. The planning for the project and the task of the future. Organizing are the team and the information of the new project. Leading are to lead of the team and the directing as how to perform the new task.

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50 POINTS


Latasha works with three and four-year-olds in a inner-city afterschool program. The pathway in human services cluster that Latasha works in is.

A. Early childhood development.
B. Counseling and mental health services.
C. Family and Community Services.
D. Personal care services

Answers

A. Early Childhood Development.

Answer:

Latasha works with three and four-year-olds in a inner-city afterschool program. The pathway in human services cluster that Latasha works in is.

A. Early childhood development

(No need brainliest)

Make a Claim
Dana needs to use the information from her 1098-T form to determine if
she qualifies for a tax credit. If information is missing on her 1098-T form,
leave the matching input field blank.
Input amounts from the 1098-T form into matching tax preparation software fields.

Answers

1098-T form is a U.S tax form for students or parents to obtain a tax credit on the amount of fee paid during an educational term or semester or year.

This form determines if the students or their parents qualify for the tax credit.

Yes Dana is eligible for her tax credit as her expenses are greater than $ 4000. For this she will receive $2500

If the scholarships exceed the amount of the educational fee then a tax credit has to be recalculated on a certain amount.

The first box is to be filled by the student's name (Dana) in this case, her address and  her contact number.

The other boxes are to be filled with the filler and social security numbers as asked.

The no 1 box gives the tuition fees received and box 2 gives the tuition fees billed.

The box 3 has to filled if any change is made by the institution in billing amount.

The other boxes are filled similarly and the form is submitted to the IRS and the copy is kept with the student.

In the given question only 3 pieces of information are given .

Name : Dana

Amount Received : $ 16,467

Scholarship Received: $ 1500

These are already filled in the form.

Educational tax credit covers up to 100% of the first $2000 of the educational expenses and 25% of the next $ 2000 expenses.

It can be filed if the parent's income is up to $ 80,000 in the year 2020.

Yes Dana is eligible for her tax credit as her expenses are greater than $ 4000. For this she will receive $2500

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Answer:2500

Explanation:

The consumer buying decision process involves _______ stages. The first stage is ____________, and the last stage is _____________.

Answers

Five; problem recognition; post- purchase behavior.

The decision-making process for consumer purchases has five stages. Problem recognition is the first step, and post-purchase behavior is the last.

What is a decision-making process?

The process of choosing a course of action involves identifying a decision, acquiring data, and weighing potential answers. By collecting pertinent information and identifying options, a step-by-step decision-making process can assist one in making more careful, considered decisions.

By collecting pertinent information and identifying options, a step-by-step decision-making process can assist one in making more careful, considered decisions. By using this strategy, one have a better chance of selecting the option that will satisfy one the most.

Here, effective decision-making is defined as the procedure by which options are chosen and then managed through execution to meet organisational goals.

Effective decisions are the outcome of a methodical procedure that has aspects that are precisely specified and is handled in a specific order.

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Assuming the total GDP is $1000 billion, if the government increases spending from $800 billion to $900 billion and the initial interest rate was 6%, the long-term interest rate will be between 6.5% and ___%

Answers

Answer:

7%

Explanation:

i got it right .

When managing in a unionized environment, managers need to remember two words. Bilateral and.

Answers

When someone manages in a unionized environment, they need to always remember the words including Bilateral and Proactive.

In a unionized work-environment, the employers must be enter an individual contracts with the employees since union is the bargaining agent for them.

In a unionized work-environment, the employees who are members of a union enjoys greater job security than the nonunion workers.

Hence, when someone manages in a unionized environment, they need to always remember the words including Bilateral and Proactive.

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While workers in the United States are more task oriented and require information to do their jobs, workers from Korea are more motivated by strong relationships and developing trust to do the same job. That is because Korea is a ______ context culture and the U.S. is a ______ context culture.

Answers

Considering the situation described above, it is concluded that Korea is a High context culture, and the U.S. is a low-context culture.

A high context culture is a type of culture that is characterized by collectivism and an implicit form of communication.

On the other hand, a low context culture is a type of culture that is associated with direct verbal interaction and individualism.

It is no secret that the United States promotes individualism or independence as a society which is a form of low context culture. In contrast, the Korean culture promotes stability and group relation, which is a form of high context culture.

Hence, in this case, it is concluded that Korea has high context culture while the United States has a low-context culture.

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Marginal revenue for a monopolist is computed asa.average revenue times quantity divided by price.b.total revenue divided by quantity sold.c.change in total revenue per one unit increase in quantity sold.d.average revenue divided by quantity sold.

Answers

Statement that explains Marginal revenue and it can be computed for a monopolist is C:sold.c.change in total revenue per one unit increase in quantity sold.

Marginal revenue  can be regarded as central concept in microeconomics which focus on additional total revenue that us been gotten by increasing product sales by 1 unit.

In monopolist,it can be computed by change in total revenue with respect to a unit increase that is been sold.

Therefore, option C is correct.

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Nancy’s job as the moderator is to ask questions
to each member of the group in front of an audience. Is it a committee?

Answers

Answer:

Yes

Explanation:

______ ratios measure how much operating income an organization is able to generate relative to assets, owners' equity, and sales.

Answers

According to business strategy, the Profitability ratios measure how much-operating income an organization can generate relative to assets, owners' equity, and sales.

What are Profitability ratios?

Profitability ratios s a form of financial method or procedure in which firms assess or evaluate the ability to generate income or revenue based on the capacity and resources.

Different types or methods of Profitability ratios:

Gross Profit RatioOperating RatioOperating Profit RatioNet Profit RatioReturn on Investment

Hence, in this case, it is concluded that the correct answer is "Profitability ratio."

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cash transactions involving the purchase and sale of long-term assets and current investments are classified on the statement of cash flows as

Answers

Answer: Investing Activities

Explanation: The investing activities lists all of the purchases and sales of long-term fixed assets, such as equipment, building, land, and the purchase of shares.

Hope this helps.

True or false: Two common ways to assess a company's ability to internally finance expansion needs are the capital acquisition ratio and free cash flow.

Answers

Companies are known to expand finance in different forms. Two common ways to assess a company's ability to internally finance expansion needs are the capital acquisition ratio and free cash flow is a true statement.

The cash flow is made of 3 types that companies uses should track and analyze to determine the liquidity and solvency of the business. They are

Cash flow from operating activities,Cash flow from investing activities Cash flow from financing activities.

Financing expansion by companies is done in a lot of ways. An individual can use their own money, borrow from friends and family, use internally generated funds etc. to finance their firms.

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tricia, a supervisor, told her employees, "the store will close monday for inventory and all employees are expected to participate." without knowing how tricia communicated her message, we know it was done

Answers

The type of communication is known as downward communication.

Downward communication refers to the flow of instructions, information or messages from a higher level of hierarchy to a lower level of hierarchy in an organization.

Here, the supervisors told her employees that "the store will close monday for inventory and all employees are expected to participate", thus, it is an information from top to down hierarchy.

Therefore, the type of communication is known as downward communication.

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can someone please help me i need the sales analysis for covergirl. please help it's due in 30 minutes

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HOW ABT the beach set.

Write one paragraph about SOMEONE YOU LOVE SPENDING TIME WITH.

Answers

MUMY  GIVE ME FIVE SARS                                                                          

Once you are signed up for overdraft protection, you cannot opt out?
True or False​

Answers

The statement that once you are signed up for overdraft protection, you cannot opt out is false.

What is Overdraft protection?

Overdraft protection serves as an option that is been given by the bank accounts which prevents check, ATM as well as debit card transactions.

This protection helps the individual, from causing the account's balance to fall below zero.

It should be noted that with this protection, an overdraft fee or a non-sufficient funds can be triggered.

We can conclude that if you sign up for overdraft protection, you can as well opt out.

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