Answer:
the answer is letter <em>D</em><em> </em><em>i</em><em>s</em><em> </em><em>t</em><em>h</em><em>a</em><em>t</em><em> </em><em>t</em><em>r</em><em>u</em><em>e</em>
The correct actions to show the journalized transaction of the sale of the piece of land by ABC Co. are:
- 1. 4,000 is entered in the cash dr column
- 2. sold land is entered in the explanation column
- 3. 4,000 is entered into the other accounts cr column
- 4. land is entered into the accounts credited column
<h3>How to record the sale of the land?</h3>
When land is sold, as ABC Co just did, the cash account is to be debited by the amount the land was sold for. This is because cash is increasing from the sale and so, like normal assets, will be debited to show an increase.
Land will be credited with the value of the land which is $4, 000. This shows that the land is no longer owned by the company and like other assets, when an asset leaves a company, it is credited.
Find out more on recording the land at brainly.com/question/20714023
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Each firm in the monopolistic competitive industry produces a slightly differentiated product.
The monopolistic competition occurs where competitive firms produces or manufactures products or services that are similar and close substitutes to one another.
The characteristics of the monopolistically competitive market includes:
- presence of many sellers in the market
- easy entrance and exit of consumers in the market
- differentiated products in the market.
Therefore, the Option D is correct because each firm in the monopolistic competitive industry produces a slightly differentiated product.
Read more about monopolistic competition:
<em>brainly.com/question/25717627</em>
Answer:
B
Explanation:
Since demand increased more people want it, which would make it more logical to increase the price
$2,675,703.29
pv of business= pv of cash flow + PV selling business
