Hi there
The answer is
C. an asset is debited, and a liability is credited.
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Answer:
evaluating the effects of internal resources and core competencies on a firm's potential to gain and sustain a competitive advantage.
Explanation:
AFI stands for the three stages of strategy in order to better the current position of business in market and gain the competitive advantage.
A = Analyse the current capabilities and weaknesses in internal resources and programmes.
F = Formulate a strategy to overcome the weaknesses and achieve the better opportunities by enhancing the effective use of capabilities.
I = Implement the strategy formulated in order to perform better in the market and gain the competitive advantage, in order to gain maximum profit from the business.
Answer:
The amount of cash dividends paid that should be reported in the financing section of the statement of cash flows = $ 54,500
Explanation:
The amount of cash dividends paid that should be reported in the financing section of the statement of cash flows = $ 54,500
<u>Dividends payable a/c</u>
<u>Particulars Amount Particulars Amount</u>
Balance b/d $ 13,000
Dividend paid (Cash) $ 54,500 Dividend declared $57,000
Balance c/d $ 15,500
$ 70,000 $ 70,000
Therfore, The amount of cash dividends paid that should be reported in the financing section of the statement of cash flows = $ 54,500
Answer:
Option 1 is correct because accumulated depreciation account is contra asset account and has a credit balance that is adjusted in the balance sheet. This accumlated depreciation is adjusted against the value of the asset when the asset is sold or disposed off.
Explanation:
Other options are incorrect because Accumulated depreciation is contra asset account and is credit in nature, not debit in nature. Furthermore, saying that accumulated depreciation account is contra revenue account which is also incorrect.
