If a company receives $12000 from a stockholder the effect on the accounting equation would be that assets increase by $12000 and equity also increase by $12000.
Given that a stockholder pays $12000 to the company.
We are required to find the effect of the payment by the stockholder to the company in accounting equation.
Accounting equation is basically an equation which tells that assets is equal to the sum of liabilities and capital.
Assets=Liabilities+Capital
When company receives some payment from the stockholder then the cash or bank increases and accordingly assets increases and equity also increases.
Hence if a company receives $12000 from a stockholder the effect on the accounting equation would be that assets increase by $12000 and equity also increase by $12000.
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Answer:
"B"
Explanation:
This is the first stage of initiating a legal action. The plaintiff initiates a service of process by providing a notice supported by of legal action supported by court documents to the defendant and also give some time to respond to the summon order.
If the defendant refuses to honor the invitation , he is found at default and the court can proceed to award reliefs to the plaintiff.
Answer:
Current ratio for 2022: 0.311
Current ratio for 2021: 0.231
Explanation:
The current ratio is a liquidity ratio that indicates a company's ability to pay its current liabilities when they come due. The current ratio is calculated by the following formula:
Current Ratio = Total Current Assets/Total Current Liabilities
In Bob Evans Farms:
Current ratio for 2022 = $80,200/$257,500 = 0.311
Current ratio for 2021 = $71,809/$311,100 = 0.231
Interpersonal skills are the skills used by a person to interact with others properly.
Goods a and b are substitute goods.
<h3>What are S
ubstitute goods?</h3>
Substitute goods are goods with similar characteristics that enables consumers or producers use them in place of one other in either the production or consumption process. An example of substitute goods are black pens and blue pens.
if the price of one of the goods in the substitute pair increases, the demand for the substitute increases and if the price of one of the substitute good reduces, the demand for the substitute increases. Thus, there is a positive relationship between the price of one of the substitute pairs and the demand for the other substitute pair, all things being equal.
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