This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Maxine Co establishes a Petty Cash Fund of 250 . The journal entry recorded would include a a. ... (Read 106 times)

jman1234

  • Hero Member
  • *****
  • Posts: 560
on: Jul 6, 2018
Maxine Co establishes a Petty Cash Fund of 250 . The journal entry recorded would include a
 a. debit to Cash.
   b. debit to Supplies Expense.
   c. debit to Petty Cash Fund.
   d. none of the answers listed.

Question 2

When will a firm regard goodwill on its books?
 
  a. When one company acquires another company for a price in excess of the fair market value of the net identifiable assets acquired.
   b. When the firm donates property to charities.
  c. When it is determined that there has been a loss of value of long-term assets.
  d. When fixed assets are impaired.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bfulkerson77

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jul 6, 2018
Answer to Question 1

c

Answer to Question 2

c


jman1234

  • Member
  • Posts: 560
Reply 2 on: Jul 6, 2018
Gracias!

cdmart10

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Organisms exhibit a diversity of behaviours, which include (clockwise from upper left), foraging and Organisms exhibit a diversity of behaviours, which include (clockwise from upper left), foraging and
Multiple crossovers can include more than two chromatids Multiple crossovers can include more than two chromatids
Multiple crossovers can include more than two chromatids Multiple crossovers can include more than two chromatids
That politics was always a rough business is shown in this cartoon, which shows Lincoln, assisted by That politics was always a rough business is shown in this cartoon, which shows Lincoln, assisted by
Example of Index entry with Main Term and indented subterms. Example of Index entry with Main Term and indented subterms.
The CHRIS manual entry for toluene. Useful information includes response information, chemical and ... The CHRIS manual entry for toluene. Useful information includes response information, chemical and ...
Video: Amniocentesis and CVS Animation

For a complete list of videos, visit our video library