<span>increase the prime lending rate and decrease government spending</span>
Answer:
D) Property's fair value at the date of the investment.
Explanation:
When new business is formed from closing the old one, all assets are recorded at fair value.
Thus, all the assets other than cash shall be recorded at their respective fair values in the new business which is a partnership, as the cost or historical value will not display their proportional contributions properly.
Therefore, correct statement is
D) Property's fair value at the date of the investment.
Answer:
<u>Account Name</u> <u>Balance Sheet Classification</u> <u>DR or CR Balance
</u>
1. Accounts Receivable CA Debit
2. Prepaid Expense CA Debit
3. Inventories CA Debit
4. Long-Term Debt NCL Credit
5. Cash and Cash Equivalent CA Debit
6. Accounts Payable CL Credit
7. Income Tax Payable CL Credit
8. Contributed Capital SE Credit
9. Property Plant and Equipment NCA Debit
10. Retained Earning SE Credit
11. Short-Term Borrowing CL Credit
12. Accrued Liabilities CL Credit
13. Goodwill (an Intangible Asset) NCA Debit
Explanation:
Answer: Donating food to needy communities, and clothes
Explanation: The fabric of society
Based on his perception of the differences in the shades,
this can be attributed to the wavelengths of light reflecting from the shades.
Wavelength in physics is being defined as measuring the direction in regards of
the propagation of a wave in which are in between a two successive points in
the wave that are being characterized by its same phase.
