Hard question thx for the points give me brainlest points plz
Answer:
Industrial capitalism is a system both social and economic whereby industry and resources are owned by few for profit.
Explanation:
In order to understand the term industrial capitalism, the term capitalism must first be understood.
Capitalism is an economic and political system in which a country's trade and <u>industry are controlled by private owners</u> for profit, rather than by the state.
Hence, Any society is capitalist if the means of production that is tools and materials belongs to the employer and not the employees and the employees produce commodities belonging to their employer. Otherwise, it would be socialism.
Industrial capitalism is therefore a system, both social and economic whereby <u>industry and resources are owned by few</u> for profit.
Answer:
C) Capital market instruments include both long-term debt and common stocks.
Explanation:
Capital market instruments include several types of financial instruments like stocks, bonds, US securities, foreign exchange, etc.
Since these financial instruments are basically debt and equity instruments, they are called securities. So another term used to refer to capital markets is the securities market. Capital markets are divided into two main classifications: primary markets where recently issued securities are traded, and secondary markets where investors trade previously acquired securities.
Answer:
a. Book value
b. Materiality
c. Matching principle
d. Unrecorded revenue
e. Adjusting entries
f. Unearned revenue
g. Prepaid expenses
h. Accumulated depreciation
Explanation:
The assets are recorded at cost and then depreciated over their useful lives . The net balance of an asset being the cost less its accumulated depreciation is its Net Book Value.
Materiality is the concept whereby any accounting principle can be departed from if it is of a small amount
All expenses incurred during a period to earn revenues is known as matching principle.
Any revenue earned but not recorded or billed is known as unrecorded revenue.
Adjusting entries are recorded at period end to record revenues and expenses under accrual method.
Advances received for services to be provided after the period end is recorded as unearned revenue.
Amounts paid in advance for services/ benefits to be received in the future are known as prepaid expenses
Assets cost are allocated over its estimated useful life is known as accumulated depreciation.
