subject
Business, 01.03.2021 19:50 elainelytal1508

On 1/1, Student Union Corporation purchased a building for $1,000,000 by signing a 10-year note payable. If Student Union Corp uses straight line depreciation to calculate depreciation expense and the building has a useful of 10 years, what account is debited and what account is credited in the adjusting journal entry required on 12/31 before the financial statements are prepared

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 04:30
What is the second step in communication planning? determine the purpose of the message outline the communication for delivery determine the best channel of communication clarify objectives identify the audience
Answers: 2
question
Business, 22.06.2019 11:10
The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.
Answers: 3
question
Business, 22.06.2019 11:50
The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november. materials conversion costs total equivalent units
Answers: 1
question
Business, 22.06.2019 13:30
The purpose of safety stock is to: a. eliminate the possibility of a stockout. b. control the likelihood of a stockout due to variable demand and/or lead time. c. eliminate the likelihood of a stockout due to erroneous inventory tally. d. protect the firm from a sudden decrease in demand. e. replace failed units with good ones.
Answers: 1
You know the right answer?
On 1/1, Student Union Corporation purchased a building for $1,000,000 by signing a 10-year note paya...
Questions
question
Mathematics, 07.10.2019 19:50
question
Chemistry, 07.10.2019 19:50