Answer:
Impact of $2,000 sale on accounting equation is as follow:
Accounting Equation
Asset = Equity + Liabilities
Cash+2000 Sales+2,000 No Effect
As cash an asset for the business, so the receipt will increase the balance of assets of the company. The revenue is ultimately adjusted to equity in the form of net income after deducting all the expenses. This transaction will result in increase of equity balance by the sale amount.
Explanation:
The Following journal Entry will support my answer:
Sales amount = 2,000
As this transaction is made on cash basis the following Journal entry will be recorded for this event.
Dr. Cr.
Cash $2,000
Sales $2,000
I believe the answer is: <span>Socially responsible
</span><span>Socially responsible companies are the type of company that not only focus on profitability but also contributed things for the benefit of the society where they operated.
To be </span><span>Socially responsible, companies could do several things such as: taking care of the environment, run an honest practice, contribute to charities, etc.</span>
Am not really sure what the answer is but I think its letter D
Answer:
They can be their own boss.
