Answer:
A transaction that involves the investment of cash in a business is debited because
1) For a business to invest cash for their expansion, involves the reduction of finances in the available revenue or profit for the purchase of equipment, property and software for internal use, for which money has to be drawn, which is a form of b=debit
2) For an owner investing money into his business, is taken as an increase in the amount the business owes the owner, which is equivalent to amount owed the owner which has to be recorded as a debit for financial accounting
Explanation:
The main purpose of a business is to make profit. A businessmen will feel secure to operate his business activities in a country where he feels himself and his business activities secure.
When the shops and malls are looted in a country, the businessmen will have feeling of insecurity and so they will shut down their business activities because whatever profits they make from running business, it is looted by robbers.
There is always some social responsibility of the citizens that even in case of emergency situations they should not be unethical activities and indulge in criminal activities.
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Answer: $8,000,000
Explanation:
From the question given, the cost of the building facility is $80 million. Also, it should be noted that the default rate for depreciation is given as 10%, therefore, the company's annual depreciation costs for this facility space will be:
= Depreciation rate × Cost of building
= 10% × $80,000,000
= 0.1 × $80,000,000
= $8,000,000
<u>Confirmations</u> are used when third parties (persons other than the client) have knowledge of some aspect of a financial or non-financial matter and can be asked to provide this information.
<h3>Who is a third party?</h3>
A third party is someone who is not one of the main people involved in a business agreement or legal case, but who is involved in it in a minor role.
Therefore, the correct answer is option A. confirmation.
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Each member country of the TRIPS agreement must include in its domestic laws broad intellectual property rights and effective remedies for violations, which is a True statement. This is further explained below.
<h3>What is TRIPS
agreement?</h3>
Generally, The TRIPS Agreement is a basic standards agreement that gives Members the option to provide more comprehensive intellectual property protection if they so choose.
In conclusion, It is True that each nation that is a part of the TRIPS agreement has a legal obligation to provide protections for intellectual property and remedies for infringements within its own domestic legislation.
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