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 57 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
Excellent

raenoj

  • Member
  • Posts: 340
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Material Balance over #3 Heat Exchanger Material Balance over #3 Heat Exchanger
A typical module-controlled high-side driver (HSD) where the module itself supplies the electrical ... A typical module-controlled high-side driver (HSD) where the module itself supplies the electrical ...
The Concept of Water Balance The Concept of Water Balance
The Romberg test for balance The Romberg test for balance
Electrolyte Balance Electrolyte Balance
A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ... A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ...
Video: Structure of a Ribosome

For a complete list of videos, visit our video library