Answer: Statement C and Statement D
Explanation:
A. A balance sheet reports assets liabilities and capital balances of an entity at a specific point of time.
B. An income statement reports on the revenues earned and the expenses incurred to earn those revenues for a period of one year.
C. Statement of equity reports changes in equity.
D. Cash flow statement shows inflow and outflow of cash from operating , investing and financing.
E. A balance sheet reports companies assets and liabilities at the end of the year.
The answer is B - this is how Barry splits his time.
Answer:
The correct answer is option b.
Explanation:
GDP is a measure of economic growth that shows the level of final goods and services produced in an economy in a year. It includes only final goods and services, intermediate goods are not included.
So here the value of flour used to make bread will not be included as it is an intermediate good. But the value of bread will be included. The value of the second bag of the floor will be included as it is a final good sold to the consumer.
Increase in GDP
= $3 + $2
= $5
Answer:
$329,840
Explanation:
Calculation to determine the net note payable to Grant
Net note payable to Grant=$70,000 × 4.712
Net note payable to Grant= $329,840
OR
Net note payable to Grant= ($70,000 × 5.712) – $70,000
Net note payable to Grant= $329,840
Therefore On AGH's December 31, 2017 balance sheet, the net note payable to Grant is:$329,840
