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RideAnS [48]
3 years ago
12

Classify each item as an asset, liability, common stock, revenue, or expense.

Business
1 answer:
kari74 [83]3 years ago
6 0

Answer: The answer is as follows:

Explanation:

Each item is classified as follows:

(a) Issuance of ownership shares - Common Stock

(b) Land purchased - Assets

(c) Amounts owed to suppliers - Liabilities (Accounts Payable)

(d) Bonds payable - Liabilities

(e) Amount earned from selling a product - Revenue

(f) Cost of advertising - Expense

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_______ are the major source of long-term debt financing for most corporations.
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Kodak resisted making changes as the photography environment was moving from chemical to digital processes. Its ___ prevented th
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Answer:

The correct answer is inertia.

Explanation:

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A customer touch point for abacus airlines would be an item such as ________. a mechanic's ability to service the airplanes the
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3 years ago
Use the information presented in Northeastern Mutual Bank's balance sheet to answer the following questions.
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Answer:

The explanation is given as follows.

Explanation:

<u>Task 1: </u>

<u>The higher the percentage of assets a bank holds as loans, the higher the capital requirement.</u>

When the owners of the bank borrow $100 to supplement their existing reserves , both reserves and debt increase by $100 , therefore increase in debt as in any balance sheet , the total value of accounts on the left hand should be equal to the right hand , so when there is increase in reserves , there will be increase in debt.

<u>Task 2:</u>

<u>It specifies a minimum leverage ratio for all banks </u>

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