Answer:
True
Explanation:
Retained earnings are the net earnings of an entity accumulated over time after payment of dividend. It is that part of earnings that is retain for expansion by the entity.
Generally, retained earnings are not changed by direct posting except it is prior year adjustment. in some entities, the amount that is transferred to retained earnings is system generated. Most transactions that affect retained earnings are debited or credited to account which ultimately affects retained earnings
Answer:
See every requirement in details bellow
Explanation:
Answer:
The straight-line depreciation method
Explanation:
Under the straight-line method, the depreciation amount is a percentage of the asset value at cost. The percentage is the depreciation rate. It is obtained by dividing one by the number of useful years.
i.e. depreciation rates =1/ useful life x 100.
Since the depreciation rate will be constant, and the asset cost does not change its value, the depreciation amount will be a constant figure throughout the useful life of the asset.
Answer:
b. willingness to pay
Explanation:
Willingness to pay is the term used for the economic value of the good to a person willing to buy under some given conditions. In this situation there is a silent auction which requires willingness of participant to pay the painting under auction. There is no competition involved and in absence of any comparison of prices b. willingness to pay is appropriate term to be used for this.
Answer:
e. any risk that affects a large number of assets.
Explanation:
The systematic risk is the risk which is involved in the whole market or part of the market.
It is also known as non-diversifiable risk or market risk as it affects the overall market not a single stock or market
As it is a market risk so It cannot be avoided as it is unpredictable.
Thus all other options are wrong
