Answer:
Liabilities
Explanation:
Liabilities are the debts and obligations that a business owes.
Savings account is what would go in the blank.
Answer:
(A) Accounts Payable - Liabilities
(D) Equipment - Assets
(E) Supplies - Assets
(F) Retained earning - Owner's Equity
(H) Cash - Assets
Explanation:
The major categories in a balance sheets are: Assets, Liabilities and Owner's Equity,
Assets are many things (as equipment, machinery, Receivables, etc) that belongs to the company, please see details in the answer.
Liabilities represent the obligations of the company with all kind of creditors.
And finally Owner's Equity it's the Capital that support part of the Assets along with the Liabilites.
The economic model of social responsibility holds that society will benefit most when business is left alone to produce and market profitable products that society needs. Socioeconomic model of social responsibility, which places emphasis not only on profits but also on the impact of business decisions on society.
https://quizlet.com/82572828/chapter-2-business-ethics-social-responsibility-flash-cards/
Answer:
11.66 million
Explanation:
Annual Amortization Expense:
= Cost of acquiring at the beginning of the year ÷ 9-year life
= $42 million ÷ 9
= $4.67 million per year
Year 2021 Amortization Expense 4 Years:
= Annual Amortization Expense × 4
= $4.67 per year × 4 years
= $18.68 million
Unamortized Cost:
= Cost of acquiring at the beginning of the year - Amortization Expense 4 Years
= $42 million - $18.68 million
= $23.32 million
Patent amortization expense in 2021:
= Unamortized Cost ÷ 2
= $23.32 ÷ 2
= 11.66 million
