Which of the following is normally viewed as an adjustment to the principal of an estate?
A. Utility expenses.
B. Ordinary repair expenses.
C. Insurance expenses.
D. Major repairs to rental property.
E. Property taxes.
Answer: D
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Venture Enterprises' accountant determined the following: Common stock, $0.01 par value $50,000 Where would this item be reported on Venture's financial statements?
a. In the Stockholders' Equity section of the balance sheet b. In the Treasury Stock section of the balance sheet c. On the statement of retained earnings d. On both the balance sheet and statement of retained earnings
Proposals are always written for only external audiences
Indicate whether the statement is true or false
Chestnut, Inc. reported the following balances on its balance sheet at December 31, Year 1: Total assets $268,000? Total liabilities $88,000? Common Stock$84,000? Retained Earnings 96,000? Total equity 180,000? Total liabilities and equity $268,000? On January 1, Year 2, Chestnut purchased equipment for $59,000 on account. What is the company's debt-to-assets ratio immediately after the purchase of the equipment?
A. 0.33 B. 0.45 C. 0.35 D. 0.44
The term used for placing the responsibility on the supplier to dispose of packaging or restricted materials is called:
A) fourth party logistics. B) vendor-managed inventory. C) sustainability. D) green reverse logistics.