Which of the following statements is correct about recording transactions in a journal?

Group of answer choices

The accounting equation must be in balance after each transaction is recorded.

Every transaction must affect at least one revenue account.

Every transaction must affect at least three accounts in the accounting equation.

There must be the same number of accounts debited as there are accounts that are credited.

Review 10K 2017 Apple Inc. Did the footnotes include any disclosures related to: -Corrections of errors -Changes in accounting principle -Changes in reporting entity -Changes in estimates What has the company disclosed related to the adoption of the new revenue recognition standard (ASC 606)? What has the company disclosed related to the adoption of the leases standard (ASC 842)?

A project has fixed costs of $1,500 per year, depreciation charges of $500 a year, annual revenue of $9,000, and variable costs equal to two-thirds of revenues.

a. If sales increase by 13%, what will be the percentage increase in pretax profits? (Round to 2 decimal places)

b. What is the degree of operating leverage of this project? (round to 2 decimal places)

a) Competition is a necessary component to properly functioning markets. What happens when markets lack competition? Is this a reason for government involvement? For example, should the government have sought to break up the Microsoft Corporation?

b) How do taxes influence people's behavior? In your answer, be sure to discuss such concepts as the tax rate, tax base, and tax revenue.

A tractor Unit for use Over-The-Road initially costing $350,000 will have a salvage value of $100,000 after three years. Revenue will be $150,000 per year: Maintenance will be $20,000 per year. Using MACRS depreciation with half-year convention, 40% tax rate, and 6% market rate, what will be the Present Value of all "After Tax Cash Flows"

Daily Enterprises is purchasing a $6,000,000 machine. The machine will be depreciated using straight-line depreciation over its 6-year life and will have no salvage value. The only costs are fixed costs of $2,000,000 per year. What is the net present value break-even level of sales revenue if the tax rate is 40 percent and the discount rate is 10 percent?

the next function of management is controlling. Now that you have designed the way you will run the event and how each facet will be handled, you need to decide what you want to control/monitor, and how you will do so. For this week’s first proposal section, describe how you will control each of these operational functions: staff inventory (donations) revenue