Answer:
The answer is D. That will be used up or converted to cash within 12 months.
Explanation:
Assets are what an entity owns and controls or Asset is a resource controlled by an entity as a result of past events and from which economic benefits are expected to flow to the entity.
Current assets are assets that are expected to provide economic benefits within a year(12months)
Examples are cash and cash equivalent, inventory, accounts payable, accounts receivable.
Option A is incorrect because any asset that can last for more than a year or many years is a non-current asset e.g plant and equipment, land etc.
Option B is also incorrect because any asset must be paid for within 12 months is a liability
Answer:
Hopefully I understood the question correctly. Below is the affect on
assets-liabilities= owners equity
Explanation:
A. Increases assets, increases liabilty
b. Increases assets, decreases assets (a wash for assets)
c. Decreases owners equity, decreases assets
d. Increases owners equity, increases assets
e. Increases owners equity, increases assets
Answer:
80 %
Explanation:
Given that,
Labor force = Employed people + Unemployed people
= 320,000
Total population 16 years of age or older = 400,000
Therefore, the labor force participation rate is as follows:
= (Labor force ÷ Population of 16 years of age or older) × 100
= (320,000 ÷ 400,000) × 100
= 80 %
