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sertanlavr [38]
2 years ago
3

The accounting assumption related to separating business transactions from the owner's transactions is called the:_____.

Business
1 answer:
sashaice [31]2 years ago
4 0

The accounting assumption related to separating business transactions from the owners transaction is called the business entity

A corporation, association, partnership, limited liability company, limited liability partnership, or other type of legal entity is referred to as a "business entity."

A business entity is, in the simplest words, a group of people who come together to conduct trade, conduct business, or participate in similar activities. There are many different types of business entities, including corporations, partnerships, LLCs, and sole proprietorships.

To know more about "business entity."

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Those who favor greater control of the economy and the social order to bring about greater equality and to regulate the effects
kompoz [17]
The answer must be:

economic liberals
4 0
2 years ago
How are time tickets and materials requisition slips similar?
lisov135 [29]

Time tickets and materials requisition slips are similar to. The cost associated with both must be credited to the Work in Process Inventory. Option A. This is further explained below.

<h3>What are time tickets?</h3>

Generally, A time ticket is a form filled out by workers to keep track of their working hours.

In conclusion, Both time tickets and materials requisition forms have certain similarities. Both must be accounted for in the Work in Process Budget.

<h3>Complete Question</h3>

How are time tickets and materials requisition slips similar?

The cost associated with both must be credited to the Work in Process Inventory. Costs associated with both must be recorded in the general ledger and job cost sheets.

Costs associated with both must be debited to Manufacturing Overhead.

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7 0
2 years ago
Non price determinants are held _____ for any given demand curve
Korvikt [17]
<span>Non price determinants are held constant for any given demand curve.
</span>Changes in nonprice determinants of demand that affect the opportunity cost or benefits of buying a good<span> cause shifts in the demand curve.</span>
6 0
4 years ago
A company purchased equipment for use in the business at a cost of $15,000, one-fourth was paid in cash, and the company signed
timofeeve [1]

Answer:rr56iomivt

Explanation:

gi'opi[9[hjkjgkglo8uhuoouhiii6666666699999999999999999

8 0
2 years ago
Red Line, Inc. has a cash balance of $80,000, short-term investments of $20,000, net receivables of $60,000, and inventory of $4
baherus [9]

Answer: 0.80:1

Explanation:

Given that,

Cash balance = $80,000

Short-term investments = $20,000

Net receivables = $60,000

Inventory = $450,000

Current liabilities total = $200,000

Quick assets = Cash balance + Short-term investments + Net receivables

= $80,000 + $20,000 + $60,000

= $160,000

Red Line’s quick ratio = \frac{Quick\ Assets}{Current\ Liabilities}

= \frac{160000}{200,000}

= 0.80 : 1

7 0
3 years ago
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