Answer:
c. Accumulated Depreciation
Explanation:
The balance sheet is used to show the balance of the assets, liabilities and owners equity at a given period.
When a fixed asset is purchased, it is recognized at cost. As it is used, it is depreciated by debiting the depreciation expense in the income statement and crediting the accumulated depreciation in the balance sheet.
Hence the account other than Computers, that should appear on the balance sheet as of December 31, 2016 is Accumulated Depreciation
Answer:
you get brainlyist by answering questions. not making them
Answer:
The amount paid should be $1,600
Explanation:
The terms of 2/10, n/30 means 2% discount for the payment within 10 days and the full amount to be paid within 30 days.
Beacon Food Stores purchased canned goods at an invoice price of $4,000. Half of the goods were returned immediately to the supplier.
The remaining amount of the invoice that Beacon Food needs to pay is $2,000
Beacon Food pays the remaining amount of the invoice within the discount period. The amount of discount the company is offered = $2,000 x 2% = $40
The amount paid = $2,000 - $40 = $1,600
Answer:
The theory of absolute advantage
Explanation:
The theory of absolute advantage is a quantity-based approach to measuring the productivity of nations with respect to their output in international commercial dealings.
The theory was an Adam Smith's submission that emphasizes that nations of the world should specialize in producing goods and services that they are most productive.
The theory failed to address a major problem that in gaining a benefit another alternative benefit is lost,hence nations should also factor in the benefits they lose when they specialize in producing certain products.
