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 154 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
:D TYSM

apple

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Tracking time of marker entry generates a chromosome map Tracking time of marker entry generates a chromosome map
Human immunodeficiency virus gains entry into helper T cells, uses the cell DNA to replicate, interf Human immunodeficiency virus gains entry into helper T cells, uses the cell DNA to replicate, interf
Cystoscopy. In this procedure, a specialized endoscope with a rigid tube, known as a cystoscope, is Cystoscopy. In this procedure, a specialized endoscope with a rigid tube, known as a cystoscope, is
Entry Mechanisms of Viruses Entry Mechanisms of Viruses
Entry level nurse competencies Entry level nurse competencies
Triumphal Entry, page from a manuscript of Firdawsi's Shahnamah, Persian, Safavid culture. Triumphal Entry, page from a manuscript of Firdawsi's Shahnamah, Persian, Safavid culture.
Video: Exercise and cardiac output

For a complete list of videos, visit our video library