Question: please answer asap for both same multiple chocie options What is the effect of the following business activity on the element indicated? A business with

please answer asap for both same multiple chocie options

What is the effect of the following business activity on the element indicated? A business with a 30% tax rate makes an accrual: revenues are $118,000 and expenses are $102,000. --- Revenues 1) increase 2) increase to one and decrease to another 3) no effect 4) decrease Question 6 (1 point) Saved What is the effect of the following business activity on the element indicated? Make a $50 payment for interest on a loan that was appropriately accrued at the end of last month. Revenue 1) decrease 2)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

What is the effect of the following business activity on the element indicated? Received $1,200 from a customer for services to be performed evenly over the next 3 months. --- Liabilities Question 2...

What is the effect of the following business activity on the element indicated? A business with a 30% tax rate makes an accrual: revenues are $118,000 and expenses are $102,000. --- Revenues 1)...

Hello tutor, my professor was't satified with my conculsion, that is milestone 4, he said i don't follow up the rubic, can you help me write the conculsion part? i can post it on new part, and pay...

Please i need help with the following questions. 3, 6, 9, 10, 12, 13, 14, 15, 16, 17, 19, 32, 33, 35, 37, 38. I really need right answers to this numbers to at lease get a C in my final grade. 1....

As of May 5, 2009, what is the value of the consideration Pfizer expects to transfer to effect the acquisition of Wyeth? What percent of the total consideration does Pfizer expect to be cash...

As of May 5, 2009, what is Pfizers estimate of the fair value of Wyeths Long-term debt that it will assume? Please provide a dollar amount. PFIZER AND WYETH UNAUDITED PRO FORMA CONDENSED COMBINED...

Why might the information that Pfizer discloses in the S-4 registration statement not accurately reflect the economic realities of this acquisition? Please list at least three distinct aspects of the...

As part of consolidation accounting, Pfizer is required to step-up the book value of Wyeths Inventory to fair value by increasing it by $4.6 billion, which Pfizer recognizes on the Pro Forma Combined...

Hello, I need help with exercise E14-3 in the attached file. (a) Prepare a horizontal analysis of the balance sheet data for Conard Corporation using 2011 as a base. (b) Prepare a vertical analysis...

A quoted company has recently introduced a strict policy of requiring a hurdle rate of 14% per annum on all capital projects. The company's weighted average cost of capital is 12%. How can the...

What audit steps are typical for prepaid assets and accrued liabilities?

2.93 A circuit system is given in Figure 2.11. Assume the components fail independently. (a) What is the probability that the entire system works? (b) Given that the system works, what is the...

discuss material in terms of operation analysis

Imagine you are working for a consulting firm and have been hired by MSW Tech to help implement the MCOD process. Where do you think MSW is on organization readiness? At which stage on the MCOD...

Refer to Table 31.1. Which of the employee quotes illustrates access discrimination? Which illustrates treatment discrimination?

Discuss the strengths and weaknesses MSW Tech has displayed when it comes to avoiding discrimination, managing, and valuing diversity.