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1 year ago

The debt owed by a business to an outside individual or organization is called its?

1 answer:

7 0

The debt owed by a business is called liabilities. Liabilities are obligation that a person or business has, typically financial in nature. Over time, liabilities are resolved by the transmission of economic advantages like products, services.

Liabilities on balance sheet's right side are represented by debts like as loans, accounts payable, mortgages, deferred revenue, bonds, warranties etc. Assets can be contrasted with liabilities. Assets are items business own or owe money to, whereas liabilities are debts or other obligations.

Short-term financial commitments of a business that are due in a year or within its typical operational cycle are known as current liabilities.

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Hobson Company bought the securities listed below during 2020. These securities were classified as trading securities. In its De

Wewaii [24]

Answer:

$50,800

Explanation:

Security Cost Fair value Gain(loss)

X 371,000 343,500 -27,500

Y 185,000 162,400 -22,600

Z 424,000 407,800 -16,200

Total 980,000 913,700 -66,300

Unrealized holding loss on Income statement ended June 30,2021 = $66,300 - $15,500 = $50,800

3 0

3 years ago

True or False: Without engaging in international trade, Freedonia and Lamponia would have been able to consume at the after-trad

solniwko [45]

"Without engaging in international trade, Freedonia and Lamponia would have been able to consume at the after-trade consumption bundles" is FALSE.

Option: B

Explanation:

Specialization refers to countries' propensity to focus in certain items they exchange for other commodities, rather than to manufacture all the consumer goods on their own. As the PPF production possibilities frontier displays that production is impractical, Freedonia and Lamponia had to engage in international trade.

Both countries are able to consume the goods they produce.When a country is skilled in manufacturing a good, it can manufacture this good at a lower cost of opportunity than its trading nation. For this comparative advantage, both countries benefit from competing and trading with one another.

7 0

3 years ago

A customer submits a written complaint disputing monetary charges assessed against an account held at a member broker-dealer. re

PilotLPTM [1.2K]

An account housed at a member broker-dealer has financial charges applied to it that a customer disputes in writing. Resolution of this grievance will be accomplished by: Code of Conduct

A subtype of medical categorization called a code of conduct is used to specify particular surgical, medicinal, or diagnostic operations. The codes' structure will vary depending on how they are classified; for instance, some utilize an alphanumeric scheme and others a numerical one. In addition to procedure codes, the International Classification of Primary Care (ICPC-2) also includes diagnosis codes, grounds for encounter (RFE), and process of care.

The International Classification of Health Interventions (ICHI) and the International Classification of Medical Procedures (ICPM)

Learn more about Code of Conduct here

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4 0

1 year ago

Shyla conducted an experiment. she went to the student union and asked people if they would like to be subjects in her study. sh

Assoli18 [71]

No!
It's biased. Grumpy people have a right to have their opinions known just as well as cheerful people. Grumpy looks are momentary. They can be brought about (especially at a University) by math problems that are illusive, by girl friends (or boy friends), that are illusive, by something for lunch that was barely edible, by any number of things.

She should ask people on some sort of other scale that is more random.

7 0

3 years ago

Michael (single) purchased his home on July 1, 2009. He lived in the home as his principal residence until July 1, 2017 when he

Nadya [2.5K]

Answer:

correct option is C. $250,000

Explanation:

given data

sold the home and gain = $300,000

to find out

amount of the gain allowed to exclude from gross income

solution

we know that Michael owned the property for the 10 years

so here Michael is not allowed to exclude the gain = 10 % that is $30,000

and The maximum gain exclusion permitted = $250000

so here Michael will recognize $50,000 because amount exceed $250,000 for a single taxpayer and exclusion of gain on sales of property tax payer need to own and occupy the property as principle residence for the 2 out of 5 year immediately preceding the sales

so here correct option is C. $250,000

5 0

3 years ago