Answer:
The answer would be,
Explanation:
Voucher: They help record expenses and also help with your payment. They can also be defined as source documents that help identify the origin of a transaction.
Example: cash memos, pay-in-slips.
Answer:
A. Capital Stock
Explanation:
Accounts are categorized following the accounting equation of assets are equal to equity plus liabilities. Asset accounts track and record the resources that a business owns or controls. Assets being the valuable items that a business uses to generate income or maintain operations.
Equity represents the owner's interest in the business. It comprises capital contributions and retained earnings. Capital stocks belong to equity accounts and not asset accounts.
Answer:
E. Maximize the market value of the firm's stock
Explanation:
Answer:
A) loses some of the benefits of market efficiency.
Explanation:
Taxes always result in deadweight losses. Deadweight loss refers to allocative inefficiencies resulting from an alteration in the equilibrium quantities and economic surplus.
Taxes always increase the price of goods or services, and that increase reduces the equilibrium quantity, therefore resulting in lower economic surplus (lower consumer surplus and lower supplier surplus). The price of a good or service is higher, decreasing the quantity demanded, but the net amount received by the supplier is lower, decreasing the quantity supplied.
Answer:
$17,700
Explanation:
The computation of the net realizable value of Accounts Receivable at year-end is shown below:
= Ending balance of Accounts Receivable - year-end balance in Allowance for Bad Debts
= $19,800 - $2,100
= $17,700
Simply we deducted the year-end balance in Allowance for Bad Debts from the ending balance of accounts receivable and the same is presented in the currents asset side of the balance sheet.
