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Andreyy89
4 years ago
12

Match the word or phrase with the best description of it. (a) select the correct word or phrase An expression about whether fina

ncial statements conform with generally accepted accounting principles. (b) select the correct word or phrase A business that raises money by issuing shares of stock. (c) select the correct word or phrase The portion of stockholders’ equity that results from receiving cash from investors. (d) select the correct word or phrase Obligations to suppliers of goods. (e) select the correct word or phrase Amounts due from customers. (f) select the correct word or phrase A party to whom a business owes money. (g) select the correct word or phrase A party that invests in common stock. (h) select the correct word or phrase A business that is owned jointly by two or more individuals but does not issue stock.
Business
1 answer:
max2010maxim [7]4 years ago
6 0

Answer:

a. Auditor's opinion

b. Corporation

c. Common Stock

d. Accounts Payable

e. Accounts Receivable

f. Creditor

g. Stockholder

h. Partnership

Explanation:

a. Auditor's opinion reflects whether the financial statements conform to the generally accepted accounting principles or not.

b. A corporation is a business that raises funds by issuing shares of stock. The party who purchase these stocks are called stockholders.

c. The portion of stockholders’ equity that results from receiving cash from investors is called common stock.

d. Accounts payable is the obligations that need to be paid by the business.

e. Accounts receivable is the amount that the business is yet to get from the customers.

f. The creditor is a party that provides funds to businesses. The business owes money to creditors.

g. A party that invests in or purchases stocks is called a stockholder.

h. A business that is owned by two or more individuals but does not issue the stock for funding is called a partnership.

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On May 31, Money Corporation's Cash account showed a balance of $16,000 before the bank reconciliation was prepared. After exami
yaroslaw [1]

Answer:

cash balance tobe reported in the balance sheet 16,880

Explanation:

cash account   16,000

NSF check            240

service charge      (80)

amend mistake:    720

adjusted:          16,880‬

the check oustanding and the deposits in-transit are adjustment for the bank balance. not the firm cash accounting

We must look for data which wasn't know until receive the bank statement.

Those are:

the non-sufficient funds

the service charge

and the accounting mistake

6 0
3 years ago
According to the Smith, Ricardo, and Heckscher-Ohlin theories, a country's economy may gain if its citizens buy some products fr
vredina [299]

Answer: b. International trade allows a country to specialize in items that can be produced most efficiently in that country.

Explanation:

Adam Smith with his Absolute Advantage theory, David Ricardo and his Comparative Advantage theory and the Heckscher-Ohlin theories believed that goods should be purchased from Countries that are more efficient in producing said goods so that the resources in the buying country can be channelled towards producing the good that the country can produce efficiently as well.

They believe this to be the foundation of global trade and that each country stands to gain if they buy the goods they are less efficient at producing and sell the goods that they are more efficient at producing. This way resources are properly channelled in an Economy and both countries involved in the trade can achieve high Economic growth as they are utilising their resources efficiently.

6 0
3 years ago
When the economy is in a severe recession, an increase in aggregate demand will lead to __________.
tester [92]

Answer:

The correct answer is letter "A": an increase in the long-run equilibrium level of output.

Explanation:

Aggregate Demand is a macroeconomic term describing the total demand in an economy for all goods and services at any given price level in a given period. That scenario implies aggregate demand is the demand for the Gross Domestic Product (<em>GDP</em>) of a country.

In front of a recession, the government should promote the increase the aggregate demand by <em>lowering rates</em> so more loans will be available and reachable. With more loans, more investments come and in the long term, the output is likely to hit its equilibrium point.

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3 years ago
grwoth is the key to better consumption possibilities and one key to better consumption possibilities is
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Answer:

Trade

Explanation:

The consumption possibility can be gotten from three different factors, it could be gotten from opportunity for trade, production set and also from consumption behavior.

Involving in trade would reduce the prices of goods for consumers, especially in a country that is involved in importation. It creates gains for consumers. Therefore it can be said that trade is a key to better consumption possibilities.

4 0
3 years ago
If a broker receives a due diligence fee from a buyer under the north carolina standard offer to purchase and contract, when can
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The North Carolina offer to buy and settlement is likewise often called a due diligence agreement.

Due Diligence is a procedure that entails threat and compliance by taking a look at, engaging in research, overview, or audit to verify statistics and facts about a selected challenge.

Due diligence money is a fee that consumers proffer on the time they make a proposal on a home. In essence, it's for the consumer's excellent religious charge to the vendor. at some point in the due diligence period, the vendor pulls the house off the marketplace while the purchaser completes inspections.

Not including the fees for both the buyer's and supplier's team, legal professionals' expenses for due diligence would possibly range from $ to five-50,000, fine of profits critiques can range from $30-300,000, and a marketplace study will range from $one hundred fifty-350,000, and consulting corporations will have prices on the pinnacle of these.

Learn more about due diligence here: brainly.com/question/14547659

#SPJ4

8 0
2 years ago
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