Answer:
a file a claim
explanation:
because of the car accident and the injured people they have to file a claim to pay for the car repair and injuries
Answer:
Debit Cash account $8,400
Credit Sales account $8,000
Credit Sales tax payable $400
Being entries to record cash proceeds from sale.
Explanation:
Since total cash received from the sale was $8,400, a debit entry for this amount is posted to the Cash account.
Of the amount received, $400 is for sales tax. This is a liability to the organization and as such a credit entry for sales tax payable of $400 is recorded until it is remitted.
The balance of $8000 is the actual amount to be recognized as sales.
Answer:
the correct answer is
No,she can not because Bob has the defense of truth.
Answer:
$4,271
Explanation:
IAS 2 requires that inventory be measured at the lower of cost or net realizable value. Since inventory is initially recognized at cost, where the cost is lower than the net realizable value (NRV), the cost is written down to the NRV.
Unit Cost per unit NRV Per unit adjusted cost Inventory amount
Minolta 5 167 164 164 820
Canon 8 134 156 134 1072
Vivitar 11 118 114 114 1254
Kodak 9 125 145 125 <u> 1125</u>
Total <u> 4,271</u>
Answer
scarce/limited in supply. Have money value. Have utility. Are unevenly distributed
Explanation:
one cannot have all economic resources they may want.
you can attach monetary value on them.
are useful and can satisfy a want.
some areas /country have more than others.