Answer:
What the accounting equation tells us is that everything that a firm owns, it acutally either owes it to the owners of the firm, or to creditors.
Explanation:
This is why the accounting equation is represented as:
Assets = Liabilities + Stockholders' Equity
Where Assets represent what the firm owns, liabilities is what the firm owes to creditors, and Stockholders' Equity (or Owners' Equity) is what the firm owes to the owners.
Someone famous stated this but i don’t know who.
it was something like
whatever i have in my bank account right now, i can only spend 10% of it on something
say i want to buy a house. i will only spend %10 of my total bank balance
Answer:
[A] 2 2/3
Explanation:
Base on the given data you can see that 2 of the circle are fully shaded meaning
2 whole
There is one that is shade 2/3 {2 out of 3 are shaded}
Hence, put together
2 2/3
Therefore, the answer is [A] 2 2/3
<u><em>~lenvy~</em></u>
Answer:
(i) $14,000
(ii) $32,000
(iii) $10,000
Explanation:
Cost of the machine that is recorded in the books of accounts is the total cost incurred to make the machine useful and useable.
Cost for each machine:
= amount paid for the assets + installation costs + renovation cost prior to use.
Therefore,
Cost of Machine A = 11,000 + 500 + 2,500
= $14,000
Cost of Machine B = 30,000 + 1,000 + 1,000
= $32,000
Cost of Machine C = 8000 + 500 + 1500
= $10,000
Answer
Current Price of Bond M = $25,202
Current Price of Bond N = $7,102
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
