The answer to the question above is the last option: TECHNOLOGICAL ADVANCEMENTS. This is known to be the source of the growth of entrepreneurship. Technological advancements have been increasing with time and this makes the lives of people easier, having different tasks done in a more comfortable manner. Also, with entrepreneurship, technological advancements have improved different styles and ways most especially, with the use of the internet and computer-generated devices. This made buying and selling easier and attainable for both the sellers and the buyers.
Answer:
Poverty eradication in the least-developed countries
Explanation:
I just did the assignment and it graded this answer as correct. They did try to adress this issue, but they weren't successful so it didn't have any groundbreaking changes.
Answer:
Inventors create new products.
Explanation:
An inventor is someone who is focused almost solely on creating and building a product, process, or service that can solve the problems that someone might have. They strive to perform cutting edge research that's essentially never been done before.
In the given transaction Marvin Company has purchased a new building for $250,000. Marvin paid a $100,000 down payment and will pay off the remainder over seven years it means the balance (250000-100000) = 150,000 is a liability for Marvin company.
So there is an Increase in the asset by $250,000 due to purchase of the building and there is a decrease in assets by $100,000 due to the payment of cash. Hence the Net increase in the assets is (250,000-100,000) = $150,000.
And there is an increase in the liabilities by $150,000.
Hence the correct answer is:
d. $150,000 net increase in assets and $150,000 increase in liabilities
Answer:
a.
Explanation:
‘Cash Flow Statement’ is one of major financial statement that indicates the inflow and outflow of cash along with the reasons by categorizing each cash transaction in three activities i.e., operating, investing or financing activity. Non-cash transactions are not considered while preparing a cash flow statement.
Operating Activities records the cash transactions involved in the operations of the business are recorded under ‘operating activities’ in the cash flow statement.
Examples: Revenue earned, expenses incurred etc.
There are two methods to prepare the cash flow statement. The only difference between both the methods is the way of presenting cash flow from operating activities.
The two methods of presenting cash flow statement are:
- Direct method: Operating activities section under direct method reports the amount of cash received and paid by the company during the period.
- Indirect method: Operating activities section under indirect method reports the net income and later adjusts the transactions to convert it to cash basis of accounting.