Answer:
private property rights
Explanation:
Private property rights are the rights that means the legal ownership of the resources and how it is used. In various type of countries, the property rights are exercised in order to hold, delegate, rent or sell the property also it is a feature of the capitalism
So as per the given situation the private property rights is the answer
The main difference between service companies and retail or manufacturing companies is that retailers and manufacturers must account for;
- Inventory and Cost of Goods
Inventory refers to the goods in stock which the business wishes to sell in order to make a profit from.
Retailers and manufacturers produce items that will be sold and these items need to be stocked somewhere till the need for them arises.
The same is not applicable to service companies because they do not have physical goods to sell.
Also, the cost of goods refers to the direct cost of producing goods. Since service companies do not produce goods, this is not accounted for.
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B) identify job leads and set up interviews
Answer:
d.Assets are overstated by $9,000.
Explanation:
Provided that
The physical inventory inadvertently counted = $98,000
And, the correct amount of the physical inventory = $89,000
Since the correct amount of the inventory is less than the uncorrected amount that results the overstated of the assets.
Plus, the uncorrected amount of the inventory is recorded on the financial statements instead of the correct amount so ultimately the assets are overstated by $9,000