Answer:
The correct answer is c. Sam’s assets increased by more than his liabilities.
Explanation:
Taking into account the basic accounting equation (Assets - liabilities = equity), a greater variation on the side of the assets will always mean an increase in equity as long as the liabilities have a contrary behavior.
The theory of charge and credit refers to the effect that commercial transactions have on the equity equation. Each transaction affects the balance, changes the values in the equity without altering the balance of the opposition
.
The theory of charge and credit is the set of rules that, based on the laws of equity, allow the registration of capital and other accounting facts through a system of accounts. In each of these transactions, at least two accounts act.
Answer: Option (D)
Explanation:
Change agent is referred to as an individual from outside or inside of an organization/company who tends to helps a company/business or an organization in order to transform themselves by focusing on the matters such as organizational improvement, efficiency, effectiveness, and their development.
Answer:
deductible expenses = $5000
Explanation:
given data
gross income = $30,000
medical expenses = $8,000
floor for deduction = 10 %
to find out
How much of a tax deduction will Kaye be able to deduct
solution
we find here deductible expenses that is express as
deductible expenses = medical expenses - ( 10% × gross income ) ...............1
put here value we get
deductible expenses = 8000 - ( 10% × $30,000 )
deductible expenses = 8000 - ( 3000 )
deductible expenses = $5000
The marginal cost of the 3rd round of miniature golf would be $0 because you pay one fee of $12 for unlimited rounds.
The marginal cost of the 3rd go-kart session would be $8 because each round cost is $8.
Government-funded health insurance programs that claim to provide comprehensive funding of their clients' demands have commonly adopted a purposive (deductive) approach to the problem of health care funding.
Hope this helps!