subject
Business, 27.09.2019 17:10 darenl3601

The following expenditures relating to plant assets were made by glenn company during the first 2 months of 2017. (b) indicate the account title to which each expenditure should be increased. 1. paid $7,000 of accrued taxes at the time the plant site was acquired. 2. paid $200 insurance to cover a possible accident loss on new factory machinery while the machinery was in transit. 3. paid $850 sales taxes on a new delivery truck. 4. paid $21,000 for parking lots and driveways on the new plant site. 5. paid $250 to have the company name and slogan painted on the new delivery truck. 6. paid $8,000 for installation of new factory machinery. 7. paid $900 for a 1-year accident insurance policy on the new delivery truck. 8. paid $75 motor vehicle license fee on the new truck.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 22:20
Steele bicycle manufacturing company currently produces the handlebars used in manufacturing its bicycles, which are high-quality racing bikes with limited sales. steele produces and sells only 10,000 bikes each year. due to the low volume of activity, steele is unable to obtain the economies of scale that larger producers achieve. for example, steele could buy the handlebars for $31 each: they cost $34 each to make. the following is a detailed breakdown of current production costs: after seeing these figures, steele's president remarked that it would be foolish for the company to continue to produce the handlebars at $34 each when it can buy them for $31 each. calculate the total relevant cost. do you agree with the president's conclusion?
Answers: 1
question
Business, 21.06.2019 22:50
Synovec co. is growing quickly. dividends are expected to grow at a rate of 24 percent for the next three years, with the growth rate falling off to a constant 7 percent thereafter. if the required return is 11 percent, and the company just paid a dividend of $2.05, what is the current share price? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answers: 2
question
Business, 22.06.2019 18:10
Consumers who participate in the sharing economy seem willing to interact with total strangers. despite safety and privacy concerns, what do you think is the long-term outlook for this change in the way we think about interacting with people whom we don't know? how can businesses to diminish worries some people may have about these practices?
Answers: 1
question
Business, 22.06.2019 22:20
Which of the following best explains why the demand for housing is more flexible than the supply? a. new housing developments are being constructed all the time. b. low interest rates for mortgages make buying a home very affordable. c. the increasing population always drives demand upwards. d. people can move more easily than producers can build new homes.
Answers: 1
You know the right answer?
The following expenditures relating to plant assets were made by glenn company during the first 2 mo...
Questions
question
English, 08.10.2020 01:01
question
Mathematics, 08.10.2020 01:01
Questions on the website: 13722361