Question: Voice Sensitivity - Editor QUESTION 33 The matching concept is C A Recording all expenses incurred in generating the revenues of a period . Revenues
Voice Sensitivity - Editor QUESTION 33 The matching concept is C A Recording all expenses incurred in generating the revenues of a period . Revenues Cost of Goods Sold operating expenses C C Assets Liabilities. Owners' Equity C D. Debits - Credits c . Having the same number of asset accounts on the balance sheet as last year. QUESTION 34 1 John is buying a motorhome. He has the following options: Option 1: Purchasing the motorhome for $62.880 from Honest Susie. Under this dealhe would pay 10% down and making 60 equal monthly which would include interest at 6. Not being complete sure of the trustworthiness of Susie, he called the bank and, Indeed, 6% was the going rate on such purchases Option 2: Dealing Dave has offered the bus of $75,000. Under this deal, he would pay no money down and annual interest payments of 2%. Then at the end of the fifth year, he would pay the $75.000 Option 3: Mostly Honest Bill would sell him the bus to $72,000. Under this deal he would put no money down and pay the 72.000 in 48 equal monthly payments that include interest at 3% What would be the monthly payments under Mostly Honest Bil's deal? CA $2849.60 8. none of the listed choices C$ 1,593.67 D. $4,600.63 CES 1.690.92 QUESTION 35 1. On January 1, 2019, Dedian Diaper Co. declared a $2.00 per share dividend payable on February 1. to holders of record on Ianuary 15. Before the dividend was declared the company had 200,000 shares of $10 par value stock outstanding On the date of declaration, the journal entry to record the dividend would include C A a credit to Dividends Payable of $ 400,000 B. a debit to Dividends Payable of $ 400,000 Ca credit to Retained Earnings of $400,000 Da credit to Cash of $400,000 E. There would be no jornal entry on this date None of the above
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
