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

Author Question: Sunny Day Company has 740 of supplies reported on its unadjusted trial balance as of July 31 . ... (Read 80 times)

burton19126

  • Hero Member
  • *****
  • Posts: 532
on: Jul 6, 2018
Sunny Day Company has 740 of supplies reported on its unadjusted trial balance as of July 31 . During the month of July Sunny Day Company used 325 worth of supplies. That is the entry to adjust supplies?
 a. Supplies Expense 325
   Cash 325
  b. Supplies 415
   Supplies Expense 415
  c. Supplies Expense 415
   Supplies 415
  d. Supplies Expense 325
   Supplies 325

Question 2

Which of the following situations will result in the investment value of a business approximating to the fair market value of the business?
 
  A) when an investor's requirements and expectations are different than the fair value of the business
  B) when an investor's requirements and expectations are representative of the book value of the business
  C) when an investor's requirements and expectations are different than the market
  D) when an investor's requirements and expectations are representative of the market


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nmyers

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jul 6, 2018
Answer to Question 1

D

Answer to Question 2

D
Explanation: D) If an investor's requirements and expectations are representative of the market, investment value will approximate fair market value.


burton19126

  • Member
  • Posts: 532
Reply 2 on: Jul 6, 2018
YES! Correct, THANKS for helping me on my review

sarah_brady415

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

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?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

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).

EXAMPLE OF A RANDOMIZED CONTROLLED TRIAL EXAMPLE OF A RANDOMIZED CONTROLLED TRIAL
Eqiupment and supplies for physical assessment Eqiupment and supplies for physical assessment
On November 11, 1887, four anarchists were hanged in Chicago on charges that they had thrown a bomb On November 11, 1887, four anarchists were hanged in Chicago on charges that they had thrown a bomb
Christian Gladu, The Bungalow Company, The Birch, North Town Woods, Bainbridge Christian Gladu, The Bungalow Company, The Birch, North Town Woods, Bainbridge
Women who reported one, two, or three or more major life events in the past 5 years were ... Women who reported one, two, or three or more major life events in the past 5 years were ...
Top Ten States Ranked by Rate or Reported Bacterial STI Cases in 2011 Top Ten States Ranked by Rate or Reported Bacterial STI Cases in 2011
Video: How does an animal choose what food to eat?

For a complete list of videos, visit our video library