Popularly called the Land of Abundance, the szechuan(Sichuan province) benefits from good fertile land and a host of favorable natural conditions which boosts crop yield, hence being able to grow all year long.
- The Szechuan province accounts for a large percentage of china's agricultural crop produce.
- The temperature of the province is favorable, having a good fertile land and a humid subtropical climate.
- Crops such as a maize, wheat, rice, corn watermelon and other fruits are grown yearly.
Therefore, The growing period of the szechuan province is longer than most other provinces In China.
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Answer:
Explanation:
unearned rent 6000 (debit)
Rent revenue. 6000 (credit)
to record 2 months of realized rent revenue
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Answer: Participation
Explanation:
Participation financing is a firm of financing whereby a loan is shared by several parties because such loans are too huge and a party cannot take the loan alone.
Since we are informed that works for a life insurance company that funds commercial investment projects and often insures these projects by insisting on an equity position, this means that participation financing is being practiced.
Answer:
Net Income for the year is $41700
Explanation:
The accounting basis that is generally followed by the businesses is the accrual basis of accounting. The accrual principle states that incomes and expenses should be recorded and recognized in the period to which they relate to rather than in the period where cash is received or paid.
This means that we will record income and expenses related to this year in this year's profit calculation even when we have not received or paid cash for such incomes and expenses.
Thus, net income for this year will be calculated as,
Net Income = Total Sales Revenue - Total expenses
Net income = 113000 - 71300
Net Income = $41700
