Blake, Inc purchased a van on January 1, 2015, for $800,000
Estimated life of the van was five years, and its estimated residual value was $90,000. Blake uses the straight-line method of depreciation. Give the journal entry to record the purchase of van for cash.
What will be an ideal response
Van 800,000
Cash 800,000
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Which of the following is true of cumulative voting?
A. Each shareholder votes the number of shares he or she owns on candidates for each of the positions open for election. B. A majority shareholder always elects the entire board of directors. C. The cumulative voting method always applies to elections for the board of directors. D. A minority shareholder has a better opportunity to elect someone to the board of directors.
The Sierra Club is the oldest continuously operating environmental organization. By 2001, its growth had plateaued. To rekindle interest in the organization, its members elected a new 23-year-old president who promised to use MTV artists to create public service announcements about the organization targeting his generational cohort, who are members of
A. baby busters. B. Generation Y. C. Generation Z. D. baby boomers. E. Generation X.
Financial ratio analysis is a form of horizontal analysis in that comparisons are made between different accounts in the same set of financial statements.
Answer the following statement true (T) or false (F)
When part of a progress payment for construction is withheld until final settlement of the contract, what account is credited?
A. Appropriations. B. Contracts Payable-Retained Percentage. C. Construction Expenditures. D. Encumbrances.