Problem related to advertiser records

Assignment Help Accounting Basics
Reference no: EM13144662

In an Advertiser's records, a newspaper ad submitted and publisdhed this week with the agreement to pay for it next week would:

A. Decrease assets and decrease expenses.

B. Increase liabilities and increase expenses.

c. Decrease assets and increase revenue.

D. Increase assets and decrease liabilities

Reference no: EM13144662

Questions Cloud

How large a sample is necessary for confident of results : A recent poll of 700 people who work indoors found that 278 smoke. If the researchers want to be 98% confident of their results to within 3.5 percentage points, how large a sample is necessary?
Tests of transactions : As planning materiality is decreased, the auditor would most likely plan more tests of transactions to.
What will be the final temperature of the water : If 420 Joules are added to 20 grams of water to 30oC, what will be the final temperature of the water?
Method for financial accounting purposes. : In 2010, Steinrotter Construction Corp. began construction work under a 3-year contract. The contract price was $1,000,000. Steinrotter uses the percentage-of-completion method for financial accounting purposes.
Problem related to advertiser records : In an Advertiser's records, a newspaper ad submitted and publisdhed this week with the agreement to pay for it next week would:
Calculate the concentrations of pb+2 : To 333 milliliters of a 0.120 molar Pb(NO3)2 solution, 0.667 milliliteres of 0.435 molar KIO3 is added. Calculate the concentrations of Pb+2 and IO3- in the solution at equilibrium.
Organize the information in accounts under an accounting : Organize the information in accounts under an accounting equation. What amount of net cash flow from operating activities would be reported on the 2012 cash flow statement?
Primary objectives of accounting : Describe for the students the primary objectives of accounting. Explain the basic terminology of the accounting process or financial reporting.
What proportion of the offspring would expect to be dwarf : In pea plants flower position, stem length, and seed shape are controlled by independently assorting genes. Each characteristic has the following mode of inheritance.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Audit proceedures regarding management assertion

What were the limitations of the audit proceedures regarding management assertion of existence in the zzz best case?

  Basics record when recording the conversion

On June 30, 2009, half the bonds were converted when Blair's common stock had a market price of $30 per share. What journal entry should Blair make record when recording the conversion?

  Company overall net operating income

If management decides to buy part I50 from the outside supplier rather than to continue making the part, what would be the annual impact on the company's overall net operating income?

  Operating income-variable

At the break-even point of 1,500 units, variable costs are $60,000, and fixed costs are $30,000. What would operating income be if 1,501 units are sold?

  Total direct labor variance

The standard labor time for the Cutting and Sewing departments is 0.20 hour and 0.30 hour per unit, respectively.What is the total direct labor variance for (1) the cutting department?

  Application of internal controls to systems

Identify all risks and internal control points by incorporating the controls and risks into the flowcharts. Design internal controls to mitigate risks to the systems. Evaluate the application of internal controls to the systems.

  Describe the tax consequences for corporation

What type of reorganization has taken place? Describe the tax consequences to Mound Corporation, its former shareholders, and Mountain Corporation.

  What is the balance in work in process inventory

At the beginning of 2011, the Taylor Company's work in process inventory account had a balance of $30,000. During 2011, $68,000 of direct materials were used in production, and $66,000 of direct labor costs were incurred. Manufacturing overhead in..

  Compute the acquisition cost of the equipment

Compute the acquisition cost of the equipment and prepare the journal entry to record the purchase.

  Determine cost of goods using periodic system

Sampson Company's accounting records show the following at the year ending on December 31, 2010. Using the periodic system, the cost of goods sold is:

  What will be the amount charged as an expenditure

A government accounts for a municipal landfill in an enterprise fund. How will it determine how much to charge as an expense (and add to a liability) each year that the landfill is in use? Suppose, instead, that it accounts for the landfill in a g..

  Assessing the liquidity of a governmental entity

Which of the following ratios would be most helpful in assessing the liquidity of a governmental entity?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd