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

Author Question: At December 31, 2010, McToil, Inc. owes its employees 20,000 for work performed in 2010. Payday is ... (Read 142 times)

frankwu

  • Hero Member
  • *****
  • Posts: 549
on: Jul 5, 2018
At December 31, 2010, McToil, Inc. owes its employees 20,000 for work performed in 2010. Payday is not until the first week in January 2011. What is the effect of the December 31, 2010 adjusting entry on total shareholders' equity?
 
  A) increase
  B) decrease
  C) no effect
  D) changed in a way that cannot be predicted

Question 2

If the person who is named as payee on a check transfers the right to receive the money by signing his/her name on the back of the check, the signature is called a
 a. restrictive endorsement.
   b. dishonored endorsement.
   c. regular endorsement.
   d. blank endorsement.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ynlevi

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

d


frankwu

  • Member
  • Posts: 549
Reply 2 on: Jul 5, 2018
Excellent

nothere

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

In many work settings, middle-aged people demonstrate generativity by serving as mentors for their ... In many work settings, middle-aged people demonstrate generativity by serving as mentors for their ...
Map depicting the 2010 West Nile virus infections. Map depicting the 2010 West Nile virus infections.
A timeline showing the development of genetics from Gregor Mendel’s work A timeline showing the development of genetics from Gregor Mendel’s work
How do resultant force work among different angles? How do resultant force work among different angles?
December 22 2023 December 22 2023
December 22 2023 December 22 2023
Video: Autonomic Nervous System Animation

For a complete list of videos, visit our video library