a. should be reported under the heading property, plant, and equipment.
Intangible assets
a. should be reported under the heading property, plant, and equipment.
b. are not reported on the balance sheet because they lack physical substance.
c. should be reported as current assets on the balance sheet.
d. should be reported as a separate classification on the balance sheet.
Answers: 2
Business, 22.06.2019 06:00
Transactions on april 1 of the current year, andrea byrd established a business to manage rental property. she completed the following transactions during april: opened a business bank account with a deposit of $45,000 from personal funds. purchased office supplies on account, $2,000. received cash from fees earned for managing rental property, $8,500. paid rent on office and equipment for the month, $5,000. paid creditors on account, $1,375. billed customers for fees earned for managing rental property, $11,250. paid automobile expenses for month, $840, and miscellaneous expenses, $900. paid office salaries, $3,600. determined that the cost of supplies on hand was $550; therefore, the cost of supplies used was $1,450. withdrew cash for personal use, $2,000. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300)
Answers: 1
Business, 22.06.2019 12:00
Need today! will get brainliest for right answer! compare and contrast absolute advantage and comparative advantage.
Answers: 1
Intangible assets
a. should be reported under the heading property, plant, and equipment.
a. should be reported under the heading property, plant, and equipment.
Chemistry, 08.10.2021 20:10
Mathematics, 08.10.2021 20:10
Geography, 08.10.2021 20:10
Computers and Technology, 08.10.2021 20:10
English, 08.10.2021 20:10
Mathematics, 08.10.2021 20:10
Mathematics, 08.10.2021 20:10
English, 08.10.2021 20:10
English, 08.10.2021 20:10