Office equipment depreciation totaled $1,300 . What is the proper journal entry?
a. Debit Accumulated Depreciation-Office Equipment $1,300, credit Depreciation Expense-Office Equipment $1,300.
b. Debit Factory Overhead (Depreciation Expense-Office Equipment) $1,300, credit Accumulated Depreciation-Office Equipment $1,300.
c. Debit Depreciation Expense-Office Equipment $1,300, credit Accumulated Depreciation-Office Equipment $1,300.
d. Debit Accumulated Depreciation-Office Equipment $1,300, credit Factory Overhead (Depreciation Expense-Office Equipment) $1,300.
e. Debit Depreciation Expense-Office Equipment $1,300, credit Office Equipment $1,300.
c
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On January 2, 20x5, Barham Corporation issued ten-year bonds payable with a face value of $400,000 and a face interest rate of 9 percent. The bonds were issued to yield a market interest rate of 10 percent. Interest is payable semiannually on January 2 and July 1. In calculating the present value of the bond issue on January 2, 20x5,
A) the 9 percent rate will be used to calculate the present value of the face amount and the present value of the periodic interest payments. B) a 5 percent rate will be used to calculate the present value of the face amount and the present value of the periodic interest payments. C) the 10 percent rate will be used to calculate the present value of the face amount and the present value of the periodic interest payments. D) the 10 percent rate will be used to calculate the present value of the face amount and a 5 percent rate will be used to calculate the present value of the periodic interest payments.
. The text defines design thinking as:
a. a process used to enhance aesthetics in product design b. a process used to determine financial risk and cost projections c. a process used to improve strategic thinking and analytical thinking d. a process used to solve complex problems and navigate uncertain environments
James owned real estate. He leased the building to two tenants. An insurance agent leased the first floor and a law firm leased the second floor. James later sold the land to Mary, who used the entire building for her business. She discovered that there were hazardous material storage tanks buried in the land. She had to remove the tanks and then sued James and the former tenants for the cost of
removing the tanks, even though none of them knew the tanks had been there. a. James and the two tenants are liable. b. James is liable to Mary, but the tenants are not. c. The tenants are liable to Mary, but James is not. d. Neither James nor the tenants are liable to Mary.
Parent Item A requires two units of Item B and three units of Item C. Upon production of 500 units of Item A, it was calculated that 1,000 units of Item B were used in the production process. This an example of ______.
a. pegging capability b. where-used analysis c. netting analysis d. backflushing