Answer:
Requirement of the question is to prepare journal entries for each of transaction. where it is given that 40,000 common shares were outstanding at Beginning of the year.
Explanation:
Answer:
The distinction between supply and quantity supplied is similar to the difference between demand and quantity demanded. If the market price of a product increases, then the quantity supplied increases, and vice versa.
Explanation:
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The correct answer is diversification which means to make your portfolio more diverse, so that if one investment turns out to be a failure, there is still the possibility to make up for it through the rest of your investments. A financial intermediary is a person that is a contact between the transactors and helps the completion of the transaction. Income distribution is a term that refers to how the incomes of people vary. Finally, a financial asset can be either capital, land or some technology, in general anything that one can use to make money (or with an inherent financial value, like a piece of jewelry). Hence, none of the other proposed solutions fill in the blank.
Answer:
Cost of The Land = $86,000 + $9,400 - $1,940 + $1,440 + $5,100
= $100,000
Therefore, Cost of The Land is $100,000.
Explanation:
cost of constructing the building = $86,000
cost of demolishing old warehouse = $9,400
cost of salvaged materials = $1,440
Additional expenditures:
Attorney's fee = $5,100
Architects's fee = $8,940
Driveways and parking lot fee = $15,200
The given statement is false.
Government budget deficit occurs when government spending exceeds its income. When government deficit increases, debt increases. This is because a deficit would need to be funded by additional borrowing. Thus, borrowing increases.
Public saving is national income less consumption and government spending. When deficit increases, government spending increases and public savings decline.
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