Business, 01.12.2021 04:00 LucidDreamer16
8. Portland Company sold equipment with a book value of $600 for $850 cash. Total depreciation expense for the entire company for the year was Depreciation account are $1,000 and $700, respectively. The beginning and ending balances in the Equipment account are $3,500 and $3,700 $850 cash, which ONE of the following items would appear? Note: No other equipment was sold during the year. D Credit to Equipment for $1,400O Debit to Accumulated Depreciation for $500O Debit to accumulated Depreciation for $300O Debit to Loss on Sale of Equipment for $250 O Debit to Equipment for $200
Answers: 3
Business, 22.06.2019 03:00, JadaaJayy
Insurance companies have internal controls in place to protect assets, monitor the accuracy of accounting records and encourage operational efficiencies and adherence to policies. these internal controls are generally of two types: administrative controls and accounting controls. administrative controls are the policies and procedures that guide the daily actions of employees. accounting controls are the policies and procedures that delineate authorizations of financial transactions that are done, safeguard assets, and provide reports on the company’s financial status in a reliable and timely manner. internal controls should include both preventative and detective controls. the purpose of preventative controls is to stop problems and errors before they occur. detective controls identify problems after they have occurred. preventative controls are usually more effective at reducing problems, but they also tend to be more expensive. internal controls must be flexible to adjust for changes in laws and regulations in addition to adding new products or modifying current ones. companies must also do regular analyses to ensure that the benefits of implementing the controls are worth their costs. when concerned about paying unwarranted insurance claims which type of control would be useful?
Answers: 2
Business, 22.06.2019 05:00, nkazmirski3229
At which stage would you introduce your product to the market at large? a. development stage b. market testing stage c. commercialization stage d. ideation stage
Answers: 3
8. Portland Company sold equipment with a book value of $600 for $850 cash. Total depreciation expen...
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