Answer:
A
Explanation:
There is a sequence of preparing statements of financial statements because some statements use information from other statements of financial position. The income statement does not require information from any other statements. The retained earnings need information from income statement to calculate current retained earnings. The balance sheets require information from statement of retained earnings(retained earnings for this period).
Answer:Corperation
Explanation: A corporation is an organization usually a group of people or a company authorized by the state to act as a single entity and recognized as such in law for certain purposes. Early incorporated entities were established by charter. Most jurisdictions now allow the creation of new corporations through registration.
<span>If
the friend sues Mary, the court most likely will not require Mary to do
anything because this was a gift promise. In order for a gift promise to be
enforceable by the law, it should be a contract. And in order for it to be a
contract, there should be a consideration received by Mary but in this case, no
consideration was received by Mary therefore, the promise is unenforceable.</span>
Answer:
Land, Building and equipment
Explanation:
As we know that
Total assets include current assets, fixed assets and intangible assets Current assets involve cash, stock, account receivables, etc. Fixed assets comprise plant & machinery, property, equipment, furniture & fittings, etc.
So according to the given situation, the land, building and the equipment is considered generally as a long term asset
