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

Author Question: Subsidiary ledgers a. are used only for Accounts Payable and Accounts Receivable b. may be used ... (Read 142 times)

AEWBW

  • Hero Member
  • *****
  • Posts: 579
on: Jul 5, 2018
Subsidiary ledgers
 a. are used only for Accounts Payable and Accounts Receivable
  b. may be used for various general ledger accounts
  c. may be used only for the Cash account
  d. are never used for more than four accounts

Question 2

Matt Shaw buys 100 shares of common stock for 8,000 in January. The value of the stock fluctuates in a narrow range (averaging 8,700) throughout the year. In November, when it has a value of 9,500, he donates it to a not-for-profit entity.
 
  On December 31, the stock has a fair value of 8,200 . At what amount should the entity value the stock on its December 31 statement of financial position?
   a. 8,000
   b. 8,200
   c. 8,700
   d. 9,500


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Danny Ewald

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

b


AEWBW

  • Member
  • Posts: 579
Reply 2 on: Jul 5, 2018
:D TYSM

xoxo123

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Meiosis Accounts for the Segregation of Alleles p2 Meiosis Accounts for the Segregation of Alleles p2
Meiosis Accounts for Independent Assortment of Alleles p1 Meiosis Accounts for Independent Assortment of Alleles p1
Accounts receivable cycle. Accounts receivable cycle.
Example of an accounts receivable aging analysis report. Example of an accounts receivable aging analysis report.
How Mendel’s theory accounts for the results of his experiment on the inheritance of seed color in ... How Mendel’s theory accounts for the results of his experiment on the inheritance of seed color in ...
A $50 000 bond bearing interest at 6.5% bond payable semi-annually matures in 10 years. If it ... A $50 000 bond bearing interest at 6.5% bond payable semi-annually matures in 10 years. If it ...
Video: The Hypothalamus: The Body's Thermostat (Human Thermostat)

For a complete list of videos, visit our video library