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NEW QUESTION: 1
A company purchased US $50,000 worth of office supplies on January 1st and had US $15,000 of office supplies still on hand at year-end. If the initial purchase of supplies entry on January 1st was to debit office supplies expense and to credit cash for US $50,000 the adjusting entry on December 31 will be:
A. Office supplies dividends US $15,000 Office supplies US $15,000
B. Office supplies US $15,000 Office supplies dividends US $15,000
C. Office supplies expense US $35,000 Office supplies US $35,000
D. Office supplies US $35,000 Office supplies dividends US $35,000
Answer: B
Explanation:
Because the initial entry recorded the entire purchase to a nominal account. the year-end adjusting entry must debit a prepaid asset to reflect the remaining supplies on hand of US $15.000. The adjusting entry must also credit reduce) expenses for the US $15.000 of supplies that were not used during the period.
NEW QUESTION: 2
Which quantifiable item should you consider when your organization adopts new technologies?
A. risk
B. exploits
C. threats
D. vulnerability
Answer: A
NEW QUESTION: 3
A company is using AWS CodeBuild to compile a website from source code stored in AWS CodeCommit. A recent change to the source code has resulted in the CodeBuild project being unable to successfully compile the website.
How should the Developer identify the cause of the failures?
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B. Modify the buildspec.yml file to include steps to send the output of build commands to Amazon CloudWatch.
C. Use a custom Docker image that includes the AWS X-Ray agent in the AWS CodeBuild project configuration.
D. Manually re-run the build process on a local machine so that the output can be visualized.
Answer: B
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