The accounting entry for additions and improvements that increase the usefulness of equipment includes
a. debiting a liability account and crediting Building or Equipment.
b. debiting Cash and crediting Building or Equipment.
c. debiting Building or Equipment and crediting Cash or a liability account.
d. debiting Building Expense or Equipment Expense and crediting Cash or a liability account.
c
You might also like to view...
In terms of the classifications of collateral recognized by Article 9 of the Uniform Commercial Code (UCC), instruments include checks, notes, drafts, and certificates of deposit.
Answer the following statement true (T) or false (F)
Which of the following would be listed under a company's threats in a SWOT analysis?
A) Revenues have declined for three consecutive quarters. B) A new entry in the market is priced very competitively. C) Staff reductions have created anxiety about job security among employees. D) The new management team is still unfamiliar with some aspects of the business. E) The company's access to capital to fund growth is uncertain.
Is it good to personalize instructions by using pronouns?
A) Yes. B) No.
The Manager Process #1 discusses hiring and onboarding. New employees need _______________.
a. friends and colleagues b. comfort and competence c. handbooks and orientation d. skills and knowledge