Answer:
The correct answer is: Liability.
Explanation:
A liability is an obligation that arises during the course of business. It represents a third party's claim in the company's assets usually from lenders or other creditors. Liability can arise in many different ways. Liabilities can be borrowing or a promise to pay later or any other type of obligation because of past transactions.
The Display Ads connects with audiences through social media platforms and millions of other websites partnering with them.
<h3><u>Explanation:</u></h3>
This ad works helps in the displaying of the advertisements and reach out many audiences. This can be divided into two types of networks such as Search network and the display networks. The business can place their advertisements in the form of texts in the search network. The business places the display advertisements in the display network so that it can reach wide range of audiences.
The advertisements in the form of images, text or videos can be displayed in the display network. The display network has wide range of websites encapsulated in it. It includes social media platforms etc for the purpose of displaying the advertisements.
Answer:
Explanation:
The journal entry is shown below:
Amortization expense - Patent A/c Dr $32,380
To Patent A/c $32,380
(Being amortization expense for the first year is recorded)
The computation is shown below"
= Purchase cost of patent ÷ estimated useful life
= $161,900 ÷ 5 years
= $32,380
For the intangible assets, the amortization expense is considered,not the depreciation expense and the same is to be taken.
Answer: Consumer share risk with company.
Explanation:
Insurance involves the sharing of risk between a client and his insurer. In insurance the insurer takes a large portion of the risk while the client covers the rest of risk payment.
Answer:
The answer is $215,000
Explanation:
Cost of goods sold equal:
Opening/beginning inventory plus purchases minus closing/ending inventory
To find beginning inventory at January 1, 2018, lets rearrange the formula:
Cost of goods sold minus plus purchases plus closing/ending inventory.
Cost of sales is $470,000
Purchases is $415,000
Ending inventory is $160,000
Therefore, beginning inventory at January 1, 2018 is
$470,000 - $415,000 + $160,000
=$215,000