Answer:
B. Immediately; stored
Explanation:
One primary difference between services and the production of goods is that services are consumed <u>immediately</u> whereas goods can be <u>stored</u>.
There are several differences in production and consumption of goods and services:
- Goods are Tangible as it can be touched, however, services are intangible as it cannot touched but it can realized.
- Goods can be stored for later use, however, services cannot be stored but need to be consumed immediately on real time.
- Goods can be weighed and measured on scale, however, services can evaluated on basis of satisfaction level.
Answer:
having the right skills will increase your knowledge and it will help you increase your chances of making your business and be the boss not the worker and you could help inspire people when you do have a business with your skills
Explanation:
Answer:
Explanation:
1. Issued common stock to investors in exchange for cash received from inventors - Increase in assets (cash) and an increase in equity (Capital)
2. Paid monthly rent - The decrease in equity and decrease in assets (cash)
3. Received cash from customers when service was rendered - Increase in assets (cash) and an increase in equity
4. Billed customers for services performed - Increase in assets (Accounts Receivable) and an increase in equity
5. Paid dividend to stockholders - The decrease in equity and decrease in assets (cash)
6.Incurred advertising expense on account - Decrease in equity and an increase in liability (Accounts Payable)
7.Received cash from customers billed in - Increase in the asset (cash) and decrease in the asset (Accounts Receivable)
8.Purchased additional equipment for cash - Increase in the asset (Equipment) and decrease in an asset (cash)
9.Purchased equipment on account - Increase in the asset (equipment) and an increase in liabilities (Accounts payable)
Answer:
Beneficiary recognized gain is $510000.
Explanation:
The amount paid by the decedent for the stock = $280000
The market value of the stock at the time of death = $500000
The selling price or the amount received by the beneficiary by the sell of stock = $510000
Since the recognized gain is calculated by subtracting the amount paid by the person to buy the stock from the amount that he receives from the sale of stock. But in this case, the beneficiary pays zero for the stock but gets all the money after selling.
Beneficiary recognized gain = amount received from the sell – the amount paid by the beneficiary.
= $510000 – 0
= $510000
