Answer:
b wages, interest payments, rent, and profits
Explanation:
The GDP refers to the Gross domestic product which reflects the finalized market value of the goods and services that are to be produced within the country
Plus According to the factor payments, the GDP are to be calculated based on wages, interest payments, rents, and profits and the same is to be considered while calculating the GDP
Answer:
Nil
Explanation:
On receipt of the amount, the entries to be posted would be;
Debit cash account $27,000
Credit deferred revenue $27,000
Being entries to recognize cash received in advance for rental income.
As such, no rental income was earned in 2019. Amount to be included in Ral's taxable income for rent revenue is nil.
You are using money primarily as a : Store of value
Money as a store of value is something that maintains its worth both in the present and in the future, with money being one such commodity in modern.
When money is a store of value, it means that it is capable of being held such that it can increase our wealth and net worth. This is why it can be saved and used as a means of capital.
Other characteristics of money includes :
- Medium of exchange
- Unit of account
- Standard of value
Hence, you are using money primarily as a store of value if you place a part of your summer earnings in a savings account.
Learn more about functions of money here : brainly.com/question/25959268
Answer:
1st copyright will not be reported on balance sheet.
2nd copyright will be reported on balance sheet.
Dr Copyright (Intangible Asset) $34,000
Cr Cash $34,000
Explanation:
<u>1st Copyright</u>
If an intangible asset is internally generated, none of its costs are capitalized.
<u>2nd Copyright</u>
Acquired copyright is reported on balance sheet as an intangible asset. Company may include only outright purchase costs in the acquisition cost of an intangible asset; the acquisition cost does not include cost of internal development.
Only recognized intangible assets with finite useful lives are amortized. Recognized intangible assets having indefinite useful lives are not amortized.
