Classify each of the following items as revenues (R), expenses (EX), or dividends (D). 1. Cost of
Question:
Classify each of the following items as revenues (R), expenses (EX), or dividends (D).
1. Cost of sales
2. Service revenue
3. Wages expense
4. Cash dividends
5. Rent expense
6. Rental revenue
7. Insurance expense
8. Consulting revenue
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (15 reviews)
1 EX 2 R 3 ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Financial Accounting Information for Decisions
ISBN: 978-1259917042
9th edition
Authors: John J. Wild
Question Posted:
Students also viewed these Business questions
-
Classify each of the following items as owners drawing (D), revenue (R), or expense (E). _______(a) Advertising expense _______(e) Bergman, Drawing _______(b) Commission revenue _______(f) Rent...
-
Classify each of the following items as an inflow (I) or an outflow (O) of cash, or as neither(N). Item Cash Accounts payable Notes payable Long-term debt Inventory Fixed assets Change (S) +100...
-
Classify each of the following items as asset (A), liability (L), revenue (R), or expense (E). _______ (a) Food inventory _______ (b) Rooms revenue _______ (c) Salaries and wages expense _______ (d)...
-
A particle is described by the normalized wave function (x, y, z) = Axe-ax2 e -y2 e-yz2', where A, a, , and are all real, positive constants. The probability that the particle will be found in the...
-
Javier just bought a condominium in College-town, USA. His $100,000 mortgage is 6% compounded monthly, and Javier will make monthly payments on his loan for 30 years. In addition, property taxes and...
-
Regretfully, we cannot supply you with the cabinet hinge you requested. The manufacturer no longer offers it. A new hinge should work for you, and we are sending it to you. Revise the above sentence...
-
Assume that P(^4) = P(-B) for two events A and B. Then prove that, given another event E V{A\E) _ (|) P{B\E) ~ P(E\B) Find an interpretation of the result as a probability inversion formula.
-
Outdoor Outfitters has created a flexible budget for the 70,000-unit and the 80,000-unit levels of activity as shown below. Complete Outdoor Outfitterss flexible budget at the 90,000-unit level of...
-
What is the annual rate of interest for this loan? % (Round to three decimal places.)
-
For the beam shown in Figure P4-5, determine the rotation at pin support A and the rotation and displacement under the load P. Determine the reactions. Draw the shear force and bending moment...
-
Use Googles December 31, 2016, financial statements, in Appendix A near the end of the book, to answer the following. a. Identify the amounts (in $ millions) of its 2016 (1) assets, (2) liabilities,...
-
Swiss Group reports net income of $40,000 for 2018. At the beginning of 2018, Swiss Group had $200,000 in assets. By the end of 2018, assets had grown to $300,000. What is Swiss Groups 2018 return on...
-
Why are conflict-resolution skills important in the risk prioritization process?
-
Test the given claim. Assume that a simple random sample is selected from a normally distributed population. Use either the P-value method or the traditional method of testing hypotheses. Company A...
-
Trojan Technologies As Joyce Guo, senior buyer at Trojan Technologies Inc. in London, Ontario, Canada, finished her presentation, Randy Haill, materials manager, Made the following comments to her:...
-
In 2022, Andrew, who is single, has a comfortable salary from his job as well as income from his investment portfolio. However, he is habitually late in filing his federal income tax return. He did...
-
Express the confidence interval (0.045,0.123) in the form of p^ - E < p < p^+ E.
-
Boomtown is preparing a cost analysis of the three departments: Parks. Fire, and Water. To comply with accuracy standards in allocating indirect costs, Boomtown will employ the step-down method of...
-
A rectangle has sides of length x cm and y cm. a. If the perimeter is 24 cm, find the lengths of the sides when the area is a maximum, confirming that it is a maximum. b. If the area is 36 cm2, find...
-
Gordon and Lisa estimate that they will need $1,875,000 in 40 years for their retirement years. If they can earn 8 percent annually on their funds, how much do they need to save annually?
-
In each blank next to the following terms, place the identifying letter of its best description. 1. _______ Cost center 2. _______ Investment center 3. _______ Departmental accounting system 4....
-
For each of the following types of indirect expenses and service department expenses, identify one allocation basis that could be used to distribute it to the departments indicated. 1. Computer...
-
For each of the following types of indirect expenses and service department expenses, identify one allocation basis that could be used to distribute it to the departments indicated. 1. Computer...
-
. Emerson Cammack wishes to purchase an annuity contract that will pay him $7,000 a year for the rest of his life. The Philo Life Insurance Company figures that his life expectancy is 20 years, based...
-
Integrity Inc. can sell 20-year, $1,000 par value bonds paying semi-annual interests with a 10% coupon. The bonds can be sold for $1,050 each; flotation cost of $50 per bond will be incurred in this...
-
Duncan Inc. issued 500, $1,200, 8%, 25 year bonds on January 1, 2020, at 102. Interest is payable on January 1. Duncan uses straight-line amortization for bond discounts or premiums. INSTRUCTIONS:...
Study smarter with the SolutionInn App