On january 2, 2005, ames corp. signed an eight-year lease for office space. ames has the option to renew the lease for an additional four-year period on or before january 2, 2012. during january 2005, ames incurred the following costs: $120,000 for general improvements to the leased premises with an estimated useful life of 10 years.$50,000 for office furniture and equipment with an estimated useful life of 10 years. at december 31, 2005, ames' intentions as to the exercise of the renewal option are uncertain. a full year's amortization of leasehold improvements is taken for calendar year two. in ames' december 31, 2005 balance sheet, accumulated amortization should be: a) $10,000b) $15,000c) $17,000d) $21,250

Which of the following best explains why treasury bonds have an effect on the size of the money supply? a. the amount of treasury bonds in circulation affects both unemployment and inflation. b. the government can spend more money and charge lower taxes by using treasury bonds. c. the federal reserve bank can buy and sell these bonds to raise or lower bank deposits. d. the interest paid on treasury bonds influences the interest rates charged by private banks. 2b2t

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.

On april 1, santa fe, inc. paid griffith publishing company $2,448 for 36-month subscriptions to several different magazines. santa fe debited the prepayment to a prepaid subscriptions account, and the subscriptions started immediately. what amount should appear in the prepaid subscription account for santa fe, inc. after adjustments on december 31 of the first year assuming the company is using a calendar-year reporting period and no previous adjustment has been made?