On December 31, the balance in the office supplies account is $1,385 . A physical count shows $435 worth of supplies on hand. Prepare the adjusting entry for supplies


$1,385 ? $435 = $950

Dec. 31 Office Supplies Expense 950
Office Supplies 950

Business

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The Canton Corporation's January 1, 2018 balance sheet reports a net pension asset of $397,500. On December 31, 2018, the projected benefit obligation was $6,479,000, the fair value of the plan assets was $6,747,000, and the accumulated benefit obligation was $3,482,500. The December 31, 2018 balance sheet should report:

A. net pension asset of $268,000. B. net pension liability of $3,264,500. C. net pension asset of $397,500. D. net pension liability of $3,482,500.

Business

Stating your thoughts or wants directly and honestly, but in a disrespectful way is being

A) aggressive B) defensive C) non-assertive D) assertive

Business

An organization typically has many debt transactions during the year, with each individual transaction being material

a. True b. False Indicate whether the statement is true or false

Business

The environment prevailing in the countries, cultural units, or international markets that are being researched influences the way the six steps of the marketing research process should be performed

Indicate whether the statement is true or false

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