1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
The chairman of a welfare organization asks an employee to head a fundraising activity. The employee, however, embezzles $250,00
GenaCL600 [577]

Answer:

The answer is unethical and illegal

Explanation:

Unethical behavior is an action that falls outside of what is considered morally right or proper for a person, a profession or an industry.

Embezzlement is a type of fraud, which is defined as a "knowing misrepresentation of the truth or concealment of a material fact to induce another to act to his or her detriment."

3 0
3 years ago
What is the primary responsibility of oversight bodies (such as an irb or iacuc)?
mojhsa [17]

The primary responsibility of oversight bodies (such as an IRB or IACUC) is to assess legal-regulatory compliance, and if applicable, to protect research subjects.

Responsibility can also be used to describe Group responsibility. societal accountability for businesses. Duty. obligation to pay.

Being responsible entails carrying out your obligations and accepting the consequences of your decisions. A duty is something you are required to do. Being responsible means carrying out your obligations. Taking ownership of your actions means accepting both the credit and the blame for what you have done.

Three Categories of Responsibilities Every Business Owner Must Fulfil

  • environmental obligations.
  • obligations to comply.
  • Customer obligations.

Responsibility is crucial because it gives people a feeling of purpose and helps society develop resilience in the face of hardship. Like an addiction, avoiding responsibilities may feel wonderful in the short run, but it results in misery and suffering that is tenfold worse in the long run.

To learn more about Responsibility visit here:

brainly.com/question/28903029  

#SPJ4

3 0
1 year ago
Which of the following is the term often used to describe a defective vehicle?
ladessa [460]

Answer: lemon law

Explanation:

3 0
3 years ago
Suppose the quantity demanded of a particular good increases by 30%, and (the absolute value of) the price elasticity of demand
viktelen [127]

Answer: Option (c) is correct.

Explanation:

Given that,

Quantity demanded increases by = 30%

Price elasticity of demand = 2

Therefore,

Price elasticity of demand = \frac{Percentage\ change\ in\ quantity\ demanded}{Percentage\ change\ in\ prices}

2 = \frac{30}{Percentage\ change\ in\ prices}

Percentage change in prices = \frac{30}{2}

                                                = 15%

Therefore, price of a particular good decreases by 15%.

8 0
3 years ago
The short-run aggregate supply curve implies that real output exceeds its long-run level when the price level is:
Annette [7]

Answer:

greater than the expected price level

Explanation:

The short run aggregate supply curve shows graphically that the real output is more than its long run level when the price level is more than expected price level. When there is great expectation about inflation it shifts the short run Aggregate Supply curve outwards or to the right. Price level would then rise in the long run but real output would stay the same or unchanged.

4 0
3 years ago
Other questions:
  • Select the correct answer.<br> What is brainstorming?
    11·2 answers
  • A critical infrastructure partnership’s organizational structure: A. Must have a Joint Investment Justification. B. Must be regi
    6·1 answer
  • Suppose that Paolo, an economist from an AM talk radio program, and Sharon, an economist from a public television program, are a
    6·1 answer
  • The required return for Williamson Heating's stock is 12%, and the stock sells for $40 per share. The firm just paid a dividend
    13·1 answer
  • Carson Lee, a staff accountant, is a working on some research for his partner, Joe Davis. Joe has asked Carson to find the prope
    9·1 answer
  • Which of the following statements is not true: Multiple Choice Accounts receivable are increased by billings to customers. Accou
    10·1 answer
  • Which pricing strategy is characterized by the setting of a low introductory price to help drive consumer awareness and create a
    9·1 answer
  • For capital budgeting and cost of capital purposes, the firm should always consider retained earnings as the first source of cap
    10·1 answer
  • Additional information about the company follows: Hubs require $24 in direct materials per unit, and Sprockets require $17. The
    14·1 answer
  • YO Easy question
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!