2 years ago

A corporation’s articles of incorporation can be changed relatively easily. True False

Business

1 answer:

Stels [109]2 years ago

7 0

Answer:

False

Explanation:

Nothing is ever easy

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Use the following list of accounts for Milner's Star Express Cleaning Service. Cash $2,026 Fees Earned 13,835 Accounts Payable 7

Marysya12 [62]

Answer:

Milner's Star Express Cleaning

Income Statement For the Year Ended December 31, 20--

Fees Earned 13,835

Utilities Expense 153

Rent Expense 1,200

Wages Expense 1,650

total expenses <u> 3,003 </u>

net income 10,832

Explanation:

We will subtract the expenses account from the fees earned to get net income

The other accounts will be ignores as they are not used in the calculations for the net income

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2 years ago

A $300,000 bond was redeemed at 98 when the carrying value of the bond was $292,000. the entry to record the redemption would in

Kobotan [32]

Answer:

correct option is a. loss on bond redemption of $2,000

Explanation:

given data

bond = $300,000

redeemed at = 98

carrying value of bond = $292,000

to find out

entry to record the redemption would include

solution

we know here that Redemption value is

Redemption value = bond × redeemed

Redemption value = $300,000 ×98%

Redemption value =$294,000 ................1

and here Carrying value is $292,000

so we paid excess amount that is

paid excess amount = $294,000 - $292,000

paid excess amount = $2000

so here correct option is a. loss on bond redemption of $2,000

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2 years ago

Prepare a net worth statement for Ben Lingo based on this information: He owns a car worth $2,000, but owes $1,500 on it at the

Murljashka [212]

Answer:

Ben Lingo's Net Worth Statement:

Assets:

Cash $82

Savings $150

Car $2,000

Inventory $1,200

Total Assets = $3,432

Liabilities:

Car loan $1,500

Credit Union loan $80

Total Liabilities = $1,580

Net Worth = Total Assets - Total Liabilities

= $3,432 - $1,580

= $1,852

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2 years ago

Starling Company purchased machinery at the beginning of Year 1 at a cost of $86,100. The machinery has an estimated life of fiv

Alja [10]

Answer: $10,906

Explanation:

Given that,

Purchased machinery at the beginning of Year 1 = $86,100

machinery has an estimated life of five years,

Estimated residual value = $4,305

Accumulated depreciation = $49,077 at the end of Year 2

Year 3 Depreciation expense:

= $\frac{Cost\ of\ machinery - Estimated\ residual\ value - Accumulated\ depreciation}{3}$

= $\frac{86,100 - 4,305 - 49,077}{3}$

= $10,906

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Ross has taken a new job at a restaurant. he is now in charge of the lunch shift. he helps determine the menu, works on marketi

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The best option to choose is the Chief Chef or the Executive Chef. This type of chef is the one who is in charge of <span>the decision-making. He is the leader of the kitchen brigade. </span>

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