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4 years ago

Which of the following statements best represents the reason for the accounting equation?

Business

1 answer:

NikAS [45]4 years ago

3 0

Answer:

c. The total of everything owned by a business must always equal the total of what the business owes to creditors and owners.

Explanation:

In every balance sheet, the accounting equation has used that means

Total assets = Total liabilities + Shareholder equity

The statement of stockholder's equity comprises common stock and retained earnings. And, the balance sheet comprises of the assets and liabilities.

The total assets comprises of current assets, fixed assets and the intangible assets

The current assets includes cash, stock, account receivable, etc

Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.

And, the intangible assets include patents, copyrights, goodwill, etc.

And, the total liabilities include current liabilities and the long term liabilities

With the help of the accounting equation, the total assets are equal to the total liabilities including stockholder's equity.

Hence, the most appropriate option is c.

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The period between March 9 and June 16, 1933, when Congress passed 15 major acts to meet an economic crisis, was called________.

JulijaS [17]

Answer:

Hundred Days

Explanation:

The period between March 9 and June 16, 1933, when Congress passed 15 major acts to meet the economic crisis of the Depression was called the hundred Days. As we know that the First New Deal began in a whirlwind of legislative action called “The First Hundred Days.” From March through June 1933, at Roosevelt’s behest, Congress passed legislation aimed at addressing the banking crisis, unemployment, and weak industrial performance, among other problems, through an “alphabet soup” of new laws and agencies.

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4 years ago

The MM theory with taxes implies that firms should issue maximum debt.There is a difference between theory and practice because:

mylen [45]

Answer:

There is a difference between theory and practice because the theory states with taxes implies that firms should issue maximum debt but in practice, this does not occur because it will result in bankruptcy if firms are issuing maximum debt. There should be a balance between how much debt is acquired and how much equity is taken. Therefore bankruptcy becomes a cause of concern if maximum debt is issued.

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3 years ago

BP and Halliburton executives made the decision not to invest in the oil well blowout preventer that experts believe would have

Hoochie [10]

Answer:

relaxed avoidance.

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3 years ago

Koczela Inc. has provided the following data for the month of May:

scZoUnD [109]

Answer:

$234,000

Explanation:

cost of goods manufactured = beginning work in process + direct materials + direct labor + manufacturing overhead cost applied - ending work in process

cost of goods manufactured = $25,000 + $65,000 + $95,000 + $69,000 - $20,000 = $234,000

cost of goods sold = beginning finished inventory + cost of goods manufactured - ending finished inventory + underapplied overhead

cost of goods sold = $54,000 + $234,000 - $58,000 + $2,000 = $232,000

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3 years ago

Walmart stores in northern illinois have gone to a _________, where management works four 10-hour days, and has four days off.

Ne4ueva [31]

The answer to this question is a Compressed work week.

Compressed work week is a work schedule where the employees can work by compressing the work schedule from the traditional number of working days. This also means that the employee's work week is reduced to less than 6 days. Compressed work week also gives benefit to an employee for having an additional day off.

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4 years ago