Answer and Explanation:
The preparation of the retained earnings statement for the year ended December 31, 20 is presented below:
Bramble Corporation
Retained Earning statement
For the year ended December 31, 2022
Beginning balance of retained earning $10,584
Add: Net income $5,880
Less: Cash Dividend paid -$4,200
Ending balance of retained earning $12,264
The net income is computed below:
= Service revenue - salaries and wages expense - insurance expense - rent expense - supplies expense - depreciation expense
= $25,200 - $12,600 - $1,680 - $3,780 - $420 - $840
= $5,880
Answer: Laws against selling tobacco products to minors
Explanation:
A federal government can control tobacco use by enforcing law that prevent the selling of tobacco to minors.
Other options are not valid as flavors being added will induce more use of tobacco. No smoking areas in restaurants and hotels is not a government regulation.
So, the only possible option of a government regulation can be binding law against tobacco selling.
Creative destruction is the creation of new products and production methods that completely destroy the market positions of firms wedded to existing products and older ways of doing business.
Creative destruction is the constant process and product innovation mechanism through which new production models replace obsolete ones. This restructuring process pervades the main features of macroeconomic performance, including lengthy growth and changes in the economy, structural adjustment, and factor market functioning.
Over time, the practice of creative destruction is responsible for more than half of all productivity growth. Restructuring typically decreases during recessions at business cycle frequency, adding a massive expense to downturns. Obstacles to the creative destruction process can have serious long- and short-term macroeconomic consequences.
To learn more about creative destruction: brainly.com/question/15718116
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Answer: Cost method
Explanation:
The method that Jarmon should use to account for its investment in Kaleski is the cost method.
Since it's a cost method, Kaleski should record the investment in stocks at cost, that is the price that was paid for the stock. In this case, most stocks from the other investors are purchased through the brokers.
