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

Answers

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

if the fed conducts open-market sales, the money supply

Answers

When the Fed buys government bond from a bank, then, bank will acquires money which it can lend out, thus, leading to an increase to money supply.

The open market operations entails the purchase and sales of government bonds by the Federal Reserve (Fed).

When Fed purchases government securities on open market,, this increases the reserves of commercial banks, increases the price of government securities, reduces overall interest rates etc.

Therefore, when the Fed buys the government bond from a bank, then, the bank will acquires money which it can lend out, thus, leading to an increase to money supply.

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If you invest $15,000 at 3.1% annual interest compounded monthly, how much will be in the account after 16 years

Answers

Answer:

The final balance would be $24,616.34 at the end of 16 years of monthly compounded interest

Explanation:

The total compound interest would be $9,616.34 after 16 years.

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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Situational variables that cause one style of leadership to be more effective than another are also called:

Answers

Answer:

leadership style and situational favorableness

Explanation:

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

Answer:

1545-1574 for the empty boxes

Explanation:

Answer: Leave box number 4 blank

Explanation: The directions say to leave certain boxes blank if the answer isnt in the form

Suppose the customer data analysis software used by ABC Bank is significantly changed, and its documentation is therefore revised, but no new features are added. This type of maintenance is called a _____.

Answers

Based on the information given this type of maintenance is called a maintenance release.

A maintenance release is a release which help to make correction on security issues such as threat  or vulnerability without modifying or adding new features to the software.

Maintenance release help to fix or repair programming errors that  occur during the software life cycle stage or programming error that occur due to mistake during the requirement stage validating process.

Software that are released often undergo a maintenance release so as  detect and fix any error or bug that was detected.

Inconclusion this type of maintenance is called a maintenance release.

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Barry pays $200 per month for his insurance coverage, whether he uses it or not. This payment is called a ______.

Answers

Answer:

Premium

Explanation:

The amount of $200 that Barry pays per month for his insurance coverage is called an insurance premium.

What is an insurance premium?

An insurance premium is a periodic payment made by the insured to the insurer for insurance coverage.  The insurer or insurance company uses it to pool resources together so that in the event of a financial loss, suffered by a policyholder, the insured will be adequately compensated.

Thus, the amount that Barry pays per month for his insurance policy is called an insurance premium.

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You are the owner of a local Honda dealership. Unlike other dealerships in the area, you take pride in your "No Haggle" sales policy. Last year, your dealership earned record profits of $1.9 million. In your market, you compete against two other dealers, and the market-level price elasticity of demand for midsized Honda automobiles is -1.2. In each of the last five years, your dealership has sold more midsized automobiles than any other Honda dealership in the nation. This entitled your dealership to an additional 40 percent off the manufacturer’s suggested retail price (MSRP) in each year. Taking this into account, your marginal cost of a midsized automobile is $11,000.


What price should you charge for a midsized automobile if you expect to maintain your record sales?

Answers

The price that should be charge for a midsized automobile if you expect to maintain your record sales is $15,230.77.

Using this formula

Midsized automobile price = Marginal Cost (3×Elasticity) / 1 + (3 × Elasticity)

Let plug in the formula

Midsized automobile price  = $11,000 (3× -1.2) / 1 + (3× -1.2)

Midsized automobile price  = $14,000 × -4.8/ -3.8

Midsized automobile price = $14,000 × 1.384615

Midsized automobile price  = $15,230.765

Midsized automobile price =$15,230.77 (Approximately)

Inconclusion the price that should be charge for a midsized automobile if you expect to maintain your record sales is $15,230.77.

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When Jose compares his input/output ratio with that of his co-workers, he is satisfied that he is being treated fairly. What is Jose most likely to do as a result

Answers

he should be thankful no cap

If you get an email from your bank on its official stationery that asks for your account number, what should you do

Answers

When an email is received in one's bank name and asks for account number, it is more likely a fraud and should be reported immediately.

It is very uncommon and rare for bank to contact an account-owner and when they does, it is usually for complicated situations, complimentary messages, product offers etc

This type of message received (in question) are usually from a malicious party disguising as you bank and it is referred to as email phishing.

In conclusion, when an email is received in one's bank name and asks for account number, the intent is more likely a fraud and should be reported immediately to necessary department.

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product, price, place, and promotion are the four elements in the

Answers

Answer: Marketing Mix

Explanation:

C&a+sold+30%+of+the+5000+items+that+it+carried+last+week. +there+were+500+items+for+which+some+demand+was+not+satisfied. +what+is+the+in-stock+probability+for+last+week?.

Answers

Answer:

.............

Explanation:

..................

one of the main disadvantages of the corporate form is the

Answers

Answer:

Double taxation to shareholders of distributed earnings and dividends.

Explanation:

________ strategy involves the types of decisions made and direction created for a company that operates multiple lines of business.

Answers

Corporate strategy involves the types of decisions made and direction created for a company that operates multiple lines of business.

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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How is federal income tax calculated on a paycheck.

Answers

Answer:

Multiplying taxable gross wages by the number of pay periods per year to compute your annual wage.

Explanation:

What is not a service business?

Answers

Answer:

A non-service business is a business that primarily sells products

Explanation:

Hope this helped :)

Marco agrees to sell Clowns R Us some balloons. The contract states that Clowns may buy as many balloons as it wishes. This agreement is

Answers

Answer:

c

Explanation:

The agreement between Marco and Clowns R Us is an illusory contract. This is because Clowns R Us is not obligated to buy any balloons.

The contract states that Clowns may buy as many balloons as it wishes, but it does not say that Clowns must buy any balloons.

An illusory contract is not a valid contract because it lacks consideration. Consideration is something that each party gives up in order to make the contract binding.

In this case, Marco is giving up the right to sell balloons to other businesses. However, Clowns R Us is not giving up anything. It is free to buy balloons from other businesses or not buy any balloons at all.

As a result, the contract between Marco and Clowns R Us is not enforceable. If Clowns R Us does not buy any balloons, Marco cannot sue them for breach of contract.

Here are some other examples of illusory contracts:

A contract that states that one party may buy as many widgets as they wish at the price of $1 per widget.

A contract that states that one party may hire the other party for as many hours as they wish at the rate of $1 per hour.

A contract that states that one party may rent a car for as many days as they wish at the rate of $1 per day.

In all of these cases, the party that is not obligated to do anything is not giving up anything in order to make the contract binding. As a result, the contracts are not enforceable.

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#SPJ4

Distinguish between Economic and Non-economic activities on the
basis of
(i) Purpose
(ii) Outcome

Answers

The difference between economic and non-economic activities can be drawn clearly on the following grounds:

An activity related to production and consumption of goods and services for economic gain is known as economic activities. An activity performed gladly, with the aim of providing services without any regard to monetary gain is known as the non-economic activity.Economic activities are performed for economic motive, i.e. earning profit. On the other hand, non-economic activities are performed due to social or psychological reasons, i.e. out of love, affection etc.The measurement of economic activities is in monetary terms, whereas non-economic activities lack money measurement.Economic activities have a pragmatic approach, in essence, it deals with things in a practical way. As against this, non-economic activities have an idealistic approach wherein more importance is given to human values instead of money.Economic activities result in creation and accumulation of wealth as they are done to earn profit. Unlike non-economic activities which result in mental satisfaction and happiness.Economic activities are very important for the economy as they add value to the country’s gross domestic product (GDP). As opposed to non-economic activities, which have no influence over country’s national income.

What was the benefit of using oil versus tempera paint? a. Oil paint is more flexible and allows artists to make changes easier. B. Oil paint dries faster. C. Oil paint uses egg yolk, which allows for deeper colors. D. All of the above Please select the best answer from the choices provided A B C D.

Answers

The benefit of using oil versus tempera paint is that Oil is more flexible and allows artists to make changes easily.

Oil painting is an act of painting with oil colors. These oil colors contain a pigment that is submerged in drying oils.

Oil colors for artists are created by combining dry powder pigments with chosen refined linseed oil to form a thick paste.

Tempera paint is an irreversible, rapid drying painting media made up of colored pigments blended with a water-soluble binder media, a typically glutinous substance like egg yolk.

Tempera paint is popular in classrooms and may be spread with a brush.

A stricken benefit of Oil paint over tempera paint is that Oil is more flexible and allows artists to make changes easily.

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Answer:

A. Oil paint is more flexible and allows artists to make changes easier.

Explanation:

E2020

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.

A chocolate store that sells hand-painted chocolate charges artificially high prices for its chocolates because customers associate high prices with superior quality. This is an example of

Answers

When the chocolate store charges high prices for its chocolates because high prices is associated with superior quality, then, it is an example of prestige pricing.

Prestige pricing refers to a pricing strategy where prices are set high because people believed that high product price is related to superior quality.

Example of product where prestige pricing is applied includes luxury phones, watches, perfumes, luxury automobiles etc.

Therefore, when the chocolate store charges high prices for its chocolates because high prices is associated with superior quality, then, it is an example of prestige pricing.

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What kind of advertising might firms use when products already have solid brand recognition and market acceptance and are in the maturity stage of their life cycles

Answers

Reminding people of a product help bring their focus back to a particular product. The kind of advertising that might firms use when products already have solid brand recognition and market acceptance and are in the maturity stage of their life cycles is called Reminder Advertising.

Reminder Advertising that is focused at reminding the target consumer that a product is very much available.

It is linked with products in the mature stage of their life cycle. It is popularly called Retentive Advertising.

Reminder Advertising helps to reminds people about the need for a particular product or service.

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k purchased a life insurance policy in 1986 which paid 10% interest in the early years of the policy. 20 years after the purchased, she received a notice from the insurer stating that the policy will soon terminate unless a much higher premium is paid because because of falling interest rates. this type of policy is known as a life policy

Answers

The above type of policy is known as a universal life insurance life policy.

What is universal life insurance?

Universal life insurance is a form of permanent insurance, which indicate that coverage can last throughout lifetime so long as premiums are paid. It is the cost of insurance that refers to the amount of money charged by the insurer to cover you.

The Universal Life Policy can be considered as a kind of permanent life insurance. Also, an individual is covered along with his/her life.

The universal life insurance policyholder can see the following:

The expense charges. The interest earned.Cost of insurance.

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Content marketing is intended to attract potential buyers by building a strong brand reputation through online content, including:

Answers

It is true that Content marketing  aims to attract potential buyers through building of strong brand reputation through online content.

Content marketing refers to a marketing strategy which aims to attract and engage the audience (prospective buyers) through creation of relevant articles, videos, media etc.

The approach of Content marketing does promotes brand awareness and ensures that the business stays top of mind of the audience.

Hence, it is true that Content marketing  aims to attract potential buyers through building of strong brand reputation through online content.

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some of the elements of are a focus on a shared mission, a willingness to work together toward the same goals, and a sense of trust in each other.

Answers

Part of the element of teamwork includes the focus on a shared mission, willingness to work together etc.

At workplace, teamwork refers to  the collaborative effort of the employee to achieve a common goal in most effective and efficient manner.

Hence, the part of the element of teamwork includes the focus on a shared mission, willingness to work together etc.

Therefore, the answer is element of teamwork.

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Josie is trying to figure out how to implement her investing strategy. She wants to compare online
brokers, financial advisors and robo-advisors. What are 2 questions that she should consider during
her research? Note: You don't need to answer the questions, only ask them.

Answers

Considering the situation described above, the 2 questions that Josie should consider during her research include "In your respective industry, what is the most important advice you can give to a first-time investor.?"

The other question Josie should consider during her research include:

Considering the current pandemic period, which line of investment has stood the test of time?

These questions is expected to yield answers that would guide Josie on how to implement her investment strategy to yield desired results.

Hence, in this case, it is concluded that Josie needs to ask the right questions to give her informative answers that can be used in the investment implementation.

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When a company deliberately ships either more or less to a customer than required, this is called:.

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Strategic logistics is when a company deliberately ships more or less than what is required to a customer.

A logistics strategy refers to attitudes or driving forces that help to coordinate plans or goals between partners across the supply chain.

The situation described in the question is Strategic logistics because it will help the overall process of supply chain.

Hence, a policy called Strategic logistics is when a company deliberately ships more or less than what is required to a customer.

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relative to those with low levels of social support, individuals with high levels of social support ________.

Answers

Social support refers to the help rendered by different institutions in society. Family members, social institutions, and religious bodies all play a vital role. Relative to those with low levels of social support, individuals with high levels of social support

Tend to tolerate stress well

Experience has shown that when individuals have supportive family members and social institutions they will respond more positively to stress. ]

This is because they will receive encouragement that will push them to forge on and not give up. This makes them stronger.

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Which media outlet is a good choice for grocery and fast food advertisements because many consumers decide what to buy while enroute to the store

Answers

Answer: Radio

Explanation:

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Zoot Suit and Fences are based on the playwrights personal culture.Historical Play Analysis TO DO LIST:You will evaluate FENCES or ZOOT SUIT using Historical Play Analysis as outlined below. Essentially, youll use an introductory paragraph providing an overview of what youll address in the paper, and each succeeding section will examine how each of the Historical Analysis ideas applies to the play, ending with a concluding paragraph that summarizes your ideas and states your impressions of the play. Back up your observations with evidence (lines) from the script. 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What about the mixing of ethnic words with English words? Does the language of the play help us to understand the diverse cultures?Conclusion. State your impression of the play and what knowledge you gained from studying the play.Works Cited: Cite the play itself and two other sources in MLA formatRemember to consult the Grading Rubric below A glass beaker of unknown mass contains of water. The system absorbs of heat and the temperature rises as a result. What is the mass of the beaker? The specific heat of glass is 0.18 cal/g C, and that of water is 1.0 cal/g C. Help.....Me...........PLEASE What are the values of each variable? A good handler wants to use a thermometer to measure the air temperature inside of a cooler. To what temperature should the thermometerbe accurate? please answer right please In an effort to reduce the turnover nurses your hospital table value equation for y=2x + 4 There are 14 apples in a basket. 9 of these apples are green. 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