Answer: A business legally separate from its owners.
Explanation:
A corporation is an organization which is seen legally as being separate from the owner(s). Legally, a corporation is seen as being on its own and therefore can: obtain loans, be Sue, pay taxes etc.
Answer:
This question is incomplete. However, I searched the web and found a similar question that is asking to "Prepare journal entries to (a)update depreciation for 2021"
Explanation:
The general journal entries will be as follows;
From Jan 1st to Sept. 1st, there are 8 months of depreciation. If yearly depreciation is $2,832, it means that monthly depreciation is $236.Therefore, depreciation expense for the 8 months would be (8*236 = $1,888). For journal entry, you will debit depreciation expense and credit accumulated depreciation;
Dr. Cr.
Depreciation $1,888
Acc. depreciation $1,888
Answer and Explanation:
c. [(price of basket of goods and services in current year - price of basket in base year) / price of basket in base year ] x 100
Answer: False
Explanation: The expenses appear directly in the income statement and indirectly in the balance sheet.
It is useful to always read both the income statement and the balance sheet of a company, so that the full effect of an expense can be seen.
<em><u>Market demand is the total quantity demanded across all consumers in a market for a given good. Aggregate demand is the total demand for all goods and services in an economy.</u></em>