Production possibilities curve between the two goods will be a straight, downward-sloping line if the opportunity cost rise.
<h3>What is production possibilities curve?</h3>
The production possibilities curve serves as graph that display the relationship between the resources and the output that can be produced.
Therefore, when the opportunity cost that exists between two goods, there will be. downward slope as regards the production possibilities curve.
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Answer:
Corporation
Explanation:
A corporation is a business ownership structure where the business is considered a legal entity separate from the owners. A corporation is subdivided into small units known as shares. Owning a share implies owning part of the corporation. Shareholders own the shares and the corporation.
The shares of a public corporation can be acquired by purchasing them at the security exchange market. Anyone can purchase shares and become a shareholder.
The adjusting entry for accrued expenses includes <u>a debit to an expense account.</u>
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Accrued expenses are defined as costs that have already been paid but have not yet been recorded, requiring adjusting entries and the inclusion of costs like interest, salary, and tax expenses. The fact that the date on which salaries are received may not always coincide with the end of the accounting period necessitates an adjustment.
To record employee earnings that have been earned but not yet paid, an adjustment entry for accrued salaries and expenses is created. It's vital to debit wages expenses and credit salaries payable for this purpose.
Hence, option C is the correct option
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