During
the agricultural revolution, the enclosure movement caused many former
serfs to move to cities in search of work and led to the rise of both the city and wage system
<span>The enclosure movement was legal movement and process in England of consolidating small landholdings into larger farms. Having larger farms resulted in bigger wages.</span>
Answer:
<u>b. exports > imports.</u>
Explanation:
Note that when a country's exports are less than imports of the country that is a case of unfavorable balance of trade.
So Mercantilists often aim to see excess of exports over imports which they believe means added income (exports) and less of expenditure ( imports).
Remember the balance of trade (BOT) looks at foreign exchange between countries.
Answer:
3,000
Explanation:
As the income will be taxed at 25% the income tax liability will be for that amount
12,000 x 25% = 3,000
The tax deferred liability is generated from a temporary difference. The company is paying less income tax today but will pay more in the future. Hence there is a liability.
The accounting reason for this treatment is to match expenses with the time they occur or the revenues which generated.
Answer:
The correct answer is $98,700.
Explanation:
According to the scenario, the computation of the given data are as follows:
We can calculate the cost of land by using following formula:
Cost of land = Cash paid + Demolished cost - Salvage sold + Attorney fees + Broker's fees
By putting the value, we get
Cost of land = $85,000 + $9,200 - $1,900 + $1,400 + $5,000
= $98,700
(Note = Architect fee and parking lot amount comes under cost of building)