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Andru [333]
3 years ago
9

What advances and problems has China encountered in its transition to capitalism?

Social Studies
1 answer:
anygoal [31]3 years ago
3 0

<u>Answer: </u>

The advances and problems that China has faced during its transition to capitalism are those of rapid economic progress and imbalance in the distribution of resources.

<u>Explanation: </u>

  • Though China has managed to grow to become one of the strongest economies in the world owing to the policies that it adopted to run its economy, there have emerged certain problems like excessive urbanization and improper/unequal distribution of resources.
  • The problems are comparatively not as dangerous but pose the danger of economic slowdowns in the future if some factors contribute negatively.
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If coaster trucks makes the appropriate adjusting entry, how much will be reported on the december 31, 2021 balance sheet as une
zysi [14]

300,000 dollars will be reported on December 31, 2021 balance sheet as unearned revenue if coaster trucks make appropriate adjusting entry.

The company performed services but they were not recorded. Those services were for 2021 and thus will be counted in 2021's income statement, which is 1,425,790 + 165,000

= $‭1,590,790‬

The coaster trucks received $300,000 even though they have not yet provided the services for it, therefore the unearned revenue will be $300,000.

Unearned revenue is money that has been received by a person or business for a service or good that hasn't yet been rendered or supplied. It can be viewed as a "prepayment" for products or services that an individual or business expects to provide to the buyer at a later time.

An account in financial accounting is unearned revenue. It is regarded as a liability, or a sum that the company owes. On a company's balance sheet, a standard accounting financial statement, it is classified as a current liability.

To learn more about Unearned revenue, click

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Question- On the last day of December 2021, Coaster Trucks entered into a transaction that resulted in a receipt of $300,000 cash in advance related to services that will be provided during January 2022. During December of 2021, the company also performed $165,000 of services which were neither billed nor paid. Prior to December adjustments and before these two transactions were recorded, the company's trial balance showed service revenue of $1,425,790 at December 31, 2021. There are no other prepaid services yet to be delivered, and during the month all outstanding accounts receivable from prior months were collected. If Coaster Trucks makes the appropriate adjusting entry, how much will be reported on the December 31, 2021 balance sheet as accounts receivable?

8 0
1 year ago
How did the industrial. Revolution lead to the need for reform
Solnce55 [7]
How the revolution lead to the need for reform is that because the industrials ( cars, clothing, farming, mechines) many people were put into had working conditions, long work hours, child labor, and low wages. People sarted making reforms to be we to control business poor practices.
7 0
3 years ago
Read 2 more answers
What country was the first for Gandhi’s social protests? Please state the exact place.
Ganezh [65]

gandhis first social protest was in south africa

6 0
3 years ago
What impact (effect) does human economic activity have on the environment (2 examples) and on traditional ways of life (2 exampl
Alenkasestr [34]

Answer: Deforestation and Wetland degradation

Explanation:

The two human impacts of human economic activity on the environment are as follows:

1. Deforestation: The Sub- Saharan Africa is occupied with scanty bushes and trees in the forest area. The climate is hot and dry. The removal of bushes and trees has resulted in deforestation and desertification in the region.

2. Wetland degradation: The discharge of agricultural drainage into the wetland has degraded the quality of water in the wetlands in Sub- Saharan Africa.

5 0
3 years ago
A police officer learns that Julie and George Hammerstone are growing and selling marijuana out of their home on Stewart Avenue.
Margarita [4]

The correct answer would be, 4th Amendment.

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Explanation:

4th Amendment, is basically a constitutional Act in the United States Constitution. This was the part of the Bill of Rights.

This law gives protection to people. According to this law, unlawful searches and seizures are prohibited by the officers in homes, offices, shops, etc. Police cannot search anyone's house, business, etc, without the warrants or a solid cause.

As given in this question, a police officer cannot search George and Julie's house just on a doubt. He must first do the full homework and gather evidence against them and needs to get the search warrant in order to enter their home.

Learn more about Fourth Amendment at:

brainly.com/question/3103560

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