Answer:
Common Stock $3,400 (credit)
Mower $1,600 (debit)
Revenue Service $1,000 (credit)
Cash $2,600 (debit)
Gas Expense $100 (debit)
Dividends $0
Explanation:
See below the posting i have done to the ledger accounts.
Mower T - Account
Debit :
Accounts Payable $1,600
Credit :
Balance c/d $1,600
Revenue Service T - Account
Debit :
Balance c/d $1,000
Credit :
Account Receivable $1,000
Cash T - Account
Debit :
Common Stock $3,400
Credit :
Gas Expense $100
Dividends $700
Balance c/d $2,600
Gas Expense T - Account
Debit :
Cash $100
Credit :
Balance c/d $100
Dividends - T Account
Debit :
Shareholders for dividends $700
Credit :
Cash $700
<span>A lemon drop shot contains vodka, ice, sugar, and lemon juice. The sugar is placed on the rim of an old-fashioned glass, and an ice cube is placed at the bottom. Vodka and lemon juice are mixed in a shaker over ice, and are then poured into the prepared glass before serving.</span>
Answer:
Contract theory
Explanation:
Contract theory -
It refers to the study of the ability of the people or the organisation to generate and develop the legal agreements is referred to as the contract theory .
The theory is based on economic as well as financial behaviors .
The method is helpful to provide information about the contracts and their provisions along with the memorandums of understanding and letters of intent .
Hence , from the given information of the question ,
The correct answer is Contract theory .
Answer:
b) People who operate and function within the control system.
Explanation:
Internal controls are the process and mechanisms that an organization puts in place to ensure the integrity of its accounting and financial information. Internal control helps a business achieve operational efficiency and effectiveness. It ensures that a company financial reporting complies with the relevant laws, policies, and regulations.
The people working in internal control determines whether the mechanisms will succeed or fail. Employees assigned in internal control must be of high integrity and be able to discharge their duties without fear or favor. Internal control protects company resources from theft, wastage, or misuse. For internal control to achieve its purpose, the Individuals in that department must not comprise in any situation.
The congressional oversight means that the Congress, that is the legislative branch of the government has the right to check on the work of the executive branch, mostly the president. It is actually not implemented very often, ans is considered a last resort method, for example when the president is impeached (the last impeachment was of Bill Clinton)
