Business, 01.02.2021 21:20, kleathers97
Difference between expenditures and expenses
Based on the information shown below, calculate for the year ended December 31, 2019, (a) the total amount of expenditures that would be recognized when using the current financial resources measurement focus and modified accrual basis of accounting, and (b) the total amount of expenses that would be recognized using the economic resources measurement focus and accrual basis of accounting.
Salaries paid in cash during 2019 $3,000,000
Salaries applicable to 2019, due to be paid January 5, 2020 20,000
Utility bill applicable to 2019, due to be paid January 10, 2020 10,000
Equipment acquired at the beginning of 2019 and having an estimated useful life of 10 years 200,000
Payment of principal on long-term debt on December 31, 2019 100,000
Payment of interest on long-term debt on December 31, 2019 40,000
Item (a) Expenditures (b) Expenses
Salaries paid in cash during 2019 $ $
Salaries applicable to 2019, due 1/5/20
Utility bill applicable to 2019, due 1/10/20
Equipment acquired, est. useful life, 10 years
Principal payment on long-term debt, 12/31/19
Interest payment on long-term debt, 12/31/19
Total
Answers: 3
Other questions on the subject: Business
Business, 22.06.2019 11:50, 2kdragginppl
Stocks a, b, and c are similar in some respects: each has an expected return of 10% and a standard deviation of 25%. stocks a and b have returns that are independent of one another; i. e., their correlation coefficient, r, equals zero. stocks a and c have returns that are negatively correlated with one another; i. e., r is less than 0. portfolio ab is a portfolio with half of its money invested in stock a and half in stock b. portfolio ac is a portfolio with half of its money invested in stock a and half invested in stock c. which of the following statements is correct? a. portfolio ab has a standard deviation that is greater than 25%.b. portfolio ac has an expected return that is less than 10%.c. portfolio ac has a standard deviation that is less than 25%.d. portfolio ab has a standard deviation that is equal to 25%.e. portfolio ac has an expected return that is greater than 25%.
Answers: 3
Business, 22.06.2019 19:10, XOsam
Coca-cola was primarily known for its core competencies in marketing, bottling, and distributing aerated drinks. however, with the success of gatorade, coca-cola developed competencies in the development and marketing of its own sports drink, powerade. which of the following is true of coca-cola? a. it is leveraging existing core competencies to improve current market position. b. it is building new core competencies to protect and extend its current market position. c. it is redeploying and recombining existing core competencies to compete in markets of the future. d. it is targeting the chasm between the early adopter and early majority market segment.
Answers: 1
Business, 22.06.2019 19:30, alejandra340
Adisadvantage of corporations is that shareholders have to pay on profits.
Answers: 1
Business, 23.06.2019 07:40, hjamileth77
Given the production function q=96(k^0.3)(l^0.7), find the mpk and mpl functions. is mpk a function of k alone, or of both k and l? what about mpl?
Answers: 2
Do you know the correct answer?
Difference between expenditures and expenses
Based on the information shown below, calculate for th...
Questions in other subjects:
