Answer:
True
Explanation:
When machine is purchased, then the assets increase by the carrying or purchase value of the machine purchased. Here, it is of $1 million.
Further, when it is purchased as against any credit, it creates a liability with the same amount.
Since here also the liability amount = $1 million, it will be recorded with the same.
As there is no involvement of Equity or Retained earnings this do not lay any impact on carrying value of owners equity.
Thus, it is True.
1. decreases
2. increases3. decreases
4. decreases
The answers here require you to understand the terms involved. So let's look at the options and see what is what.
1. The price of a substitute good ▼ increases decreases​
* A substitute good is some good that can be used as a substitute for another good. So if that substitute becomes cheaper, it will be used more as a substitute for the original good. So the answer is "decreases"
2. The price of a complementary good ▼ decreases increases​,
* A complementary good is a good that's used in conjunction with another good. Something like milk and cookies. As more cookies are consumed, more milk is desired to go along with the cookies. So increasing the price of the complementary good will decrease the demand of the other good. So the answer is "increases"
3. Consumer income â–Ľ increases decreases
* If the consumer has less money to spend, then spending on non-essential goods will decrease. So the answer is "decreases".
4. Population â–Ľ decreases increases
* A smaller population is a reduced consumer base, so fewer goods are purchased. The answer is "decreases"
These gains and losses may be described or classified as either operating or nonoperating, depending on their relation to an entity's major ongoing or central operations.
<h3>What does Conceptual Framework say about profit and loss?</h3>
- The Exposure Draft proposed that, because profit or loss is the primary source of information about an entity's financial performance for the period, the framework should include a presumption that all income and all expenses will be included in that statement.
- The FASB's conceptual framework classifies gains and losses based on whether they are related to an entity's major ongoing or central operations.
- Nonoperating are “other” gains and losses.
To learn more about Fasb gain and loss, refer
to brainly.com/question/24448358
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I believe its owners , but hopefully i helped
Answer:
The answer is: First line manager
Explanation:
A first line manager usually supervises non managerial workers or operators, e.g. foreman or shift boss. They are in charge of the operations of their departments or business units. In other words, they manage the people who perform the work of producing the organization´s goods or services.
Depending on the size of the organization, they respond to middle or executive management.
