The correct option is NONE OF THE ABOVE.
When a partnership is terminated, the assets are are turned into cash and obligations are paid, the partnership is said to be WIND UP.
A partnership refers to a business relationship that involves two or more persons. A partnership dissolution is said to occur when one of the partners leaves the business. A partnership is said to be terminated when it stop operations. Partnership winding up involves the sales of the assets of the business, the payment of their business debts from the proceeds and the sharing of the remaining proceeds.
I'd go with Agribusiness, that sounds like it would be the most helpful, since Agribusiness deals with both produce and services.
Answer:
Limit your use!
Explanation:
The best way to reduce anything in life is to limit exposure to the thing. Social media is no different. Many apps are specifically designed to hook your brain on them by utilizing positive reinforcement, most obviously in the form of recieving validation, "likes" or "kudos". If you can sort of wean your brain off of the dopamine rush you recieve any time you receive that validation, it will be much easier to put the phone down and reduce your screen time overall.
Hey there!
Beginning: $4,200
Deposit in transit: not counted for ACB
Check printing charge: -$20
Note collected by bank of whiz: -$1,600
4,200 - 20 - 1,600 = 2,580
Adjusted cash balance = $2,580
Hope this helps!
Answer:
Expenses will be understated, hence, Net Income will be overstated.
Rent prepaid will be overstated, hence, current assets will be overstated.
Explanation:
Ordinarily, rent prepaid is meant to be credited every month to the tune of the the value that has been consumed and then added to period expenses to reduce net income.
In the statement of Financial Position, the same amount that has been consumed should be used to reduce balance in rent prepaid account, otherwise, current assets will be overstated if no adjustment is made.