Answer:unearned revenue, Supplies, prepaid rent
Explanation:
Answer:
Reversionary interest
Explanation:
If Larry Jones gifts land to a school district, but the deed states "for so long as the land is used for a school." Jones owns a reversionary interest.
A reversionary interest can be defined as a property law (deed) which states that when a property such as a land transfer is used on a clause; “for so long as” or “on condition that."
Hence, once the interest of the benefactor comes to an end, the property reverts back to its original owner (grantor). It also gives the grantor's next of kin, successor or heir the power or right to take the property back in the future if promises are broken or the agreement comes to an end.
This ultimately implies that, if a property stated in the deed is not used or used, for certain purposes.
<em>In this scenario, Larry owns a reversionary interest because he gifts a land to the school district, but in the deed he stated "for so long as the land is used for a school." </em>
Keynes proposed that the government spend extra cash and reduce taxes to turn a budget deficit, which could growth consumer demand inside the economic system.
Keynesians trust that, because charges are quite rigid, fluctuations in any element of spendin intake, funding, or authorities fees—cause output to alternate. If authorities spending increases, for instance, and all other spending components continue to be steady, then output will increase.
Keynes supported authorities intervention at some stage in instances of economic turmoil. a few of the theories he supplied in “fashionable concept” changed into that economies are chronically volatile and that complete employment is handiest viable with a lift from government coverage and public funding.
In line with Samuelson and other current economists, governments have four principal capabilities in a market financial system to boom efficiency, to provide infrastructure, to promote fairness, and to foster macroeconomic stability and growth.
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Answer:
Option A
Explanation:
In simple words, A liability refers to an agreement among one entity and another which has not yet been fulfilled or accounted for. A liability is anything that a individual or firm owes due to any past transaction, typically a amount of money. Over period, liabilities become settled by shifting economic advantages involving property, products or services.
condition where different economic firms seek to obtain a share of a limited good by varying the elements of the marketing mix: price, product, promotion and place.