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 178 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
Excellent

vickyvicksss

  • Member
  • Posts: 351
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

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
Invasive species in Canada include (a) zebra mussels, Dreissena polymorpha, (b) sea lamprey, Petromy Invasive species in Canada include (a) zebra mussels, Dreissena polymorpha, (b) sea lamprey, Petromy
As the glass ceiling slowly cracks, women are gaining entry into the top positions of society. Shown ... As the glass ceiling slowly cracks, women are gaining entry into the top positions of society. Shown ...
The activity recorded by PET scans during the performance of newly learned and well-practiced ... The activity recorded by PET scans during the performance of newly learned and well-practiced ...
Energy imbalance establishes a temperature gradient between the tropics and the poles Energy imbalance establishes a temperature gradient between the tropics and the poles
Hank Wilkins invested $4200 in a mutual fund containing bonds. Hank Wilkins invested $4200 in a mutual fund containing bonds.
Video: Graded potentials - electrical characteristics and types

For a complete list of videos, visit our video library