Business, 28.11.2019 00:31 emilypzamora11
The town of conway opened a solid waste landfill several years ago that is now filled to capacity. the city initially anticipated closure costs of $2 million. these costs were not expected to be incurred until the landfill is closed. what is the final journal entry to record these costs assuming the estimated $2 million closure costs were properly recorded and the landfill is accounted for in an enterprise fund?
a)
expense—landfill closure
2,000,000
landfill closure liability
2,000,000
b)
landfill closure liability
2,000,000
expense—landfill closure
2,000,000
c)
expense—landfill closure
2,000,000
cash
2,000,000
d)
landfill closure liability
2,000,000
cash
2,000,000
e)
expenditure- landfill closure
2,000,000
cash
2,000,000
entry a.
entry b.
entry c.
entry d.
entry e.
Answers: 1
Business, 22.06.2019 09:40
Microsoft's stock price peaked at 6118% of its ipo price more than 13 years after the ipo suppose that $10,000 invested in microsoft at its ipo price had been worth $600,000 (6000% of the ipo price) after exactly 13 years. what interest rate, compounded annually, does this represent? (round your answer to two decimal places.)
Answers: 1
Business, 22.06.2019 14:10
Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?
Answers: 1
Business, 22.06.2019 18:00
Your subscription to investing wisely weekly is about to expire. you plan to subscribe to the magazine for the rest of your life, and you can renew it by paying $85 annually, beginning immediately, or you can get a lifetime subscription for $620, also payable immediately. assuming that you can earn 6.0% on your funds and that the annual renewal rate will remain constant, how many years must you live to make the lifetime subscription the better buy?
Answers: 2
Business, 22.06.2019 19:30
One of the benefits of a well designed ergonomic work environment is low operating costs is true or false
Answers: 3
The town of conway opened a solid waste landfill several years ago that is now filled to capacity. t...
English, 26.10.2021 14:00
History, 26.10.2021 14:00
Social Studies, 26.10.2021 14:00
Mathematics, 26.10.2021 14:00
Business, 26.10.2021 14:00
Mathematics, 26.10.2021 14:00