Answer:
(A)cannot be physically possessed
Explanation:
A service is any intangible offering that involves a deed, performance, or effort that cannot be physically possessed.
A service is a transaction in which no physical good is transferred to the buyer.
Some of the major properties of Services are:
- Intangibility
- Perishability
- Uniqueness
Examples of services are Education, Consultancy, Repair and maintenance services, Electricians, Plumbing
, Law enforcement (provides the service of identifying and apprehending criminals) etc.
Answer:
the debit entry to Interest Expense is $463,145.52
Explanation:
The computation of the debit entry to Interest Expense is given below:
= Bonds carrying value × Market rate of interest
= $3,859,546 × 12%
= $463,145.52
Hence, the debit entry to Interest Expense is $463,145.52
We simply applied the above formula and the same is to be considered
Market Inventory is the inventory that is readily available on the retail shelf. Both the products that are on hand for sale and the raw materials required to make those products are considered inventory. On the balance sheet of an organization, it is categorized as a current asset. A business should generally avoid keeping a large volume of inventory on hand for an extended period of time.
The three different categories of inventory are raw materials, finished commodities, and work-in-progress. The first-in, first-out method, the last-in, first-out method, and the weighted average method are the three methods used to value inventory. As items are produced or acquired as needed, inventory management enables organizations to reduce inventory expenditures.
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Answer:
$35,000 (inflow)
Explanation:
Net investing cash flows is computed as follows;
Inflow:
Issued common stock $75,000
Sold equipment 40,000
Total $115,000
Less: outflow
Purchased land $60,000
Paid dividends 20,000
Total outflow $80,000
——————
Net investing cash flows $35,000
*positive cash flows (inflow is greater than outflow) will increase the amount cash of the company
*proceeds from the bank classified as financing activity
*paid employees and sold services to customers are fall under operating activities
