The indication for where the fact came from is called citation
Answer:
Prepare journal entries for each transaction wherever necessary.
Explanation:
October 15,2021
Retained Earnings 11.6*5*5% Dr.$2,900,000
Cash Cr.$2,900,000
Treasury Stock 100,000*31.4 Dr.$3,140,000
Cash Cr.$3,140,000
Answer:
Berry, a fruit juice company, uses a well-known cartoon character to promote the company's line of children's products and pays the creator of the cartoon character a fee.
Explanation:
Licencing is referred to as the use of a well known symbol or brand to promote ones own sales. There are several kinds of licencing in the business world for example patents and etc.
In the above example. using a well known cartoon character to promote the company's line of children's products and pays the creator of the cartoon character a fee comes under the licensing category.
Answer and Explanation:
The computation of the purchase of fixed assets is shown below:-
March 12 Purchase of fixed assets = $274,000. This same is shown in the investing activities section of the cash flow statement in the negative sign
October 4 Sale of fixed assets = $151,000. This same is shown in the investing activities section of the cash flow statement in the positive sign
Gain on sale of the fixed asset is
= Sales Value - Cost of asset
= $151,000 - $129,000
= $22,000
This amount is shown in the operating activities section of the cash flow statement in the negative sign
Answer is C : in industries with strong economies of scale, efficiency tends to increase as the number of firms increases because firms face more competitors. as firms compete, they will increase output, lowering costs per unit.