Answer:
Option B.
Explanation:
Basic accounting equation is
Assets = Liabilities + Equity
where,
Equity = Capital + Retained earnings
Retained earnings = Revenue - Expenses - Dividend
On combining these formula, we get
Assets = Liabilities + Capital + Revenue - Expenses - Dividend
It can be rewritten as
Assets + Dividend + Expenses = Liabilities + Capital + Revenue
Assets + Dividends + Expenses = Liabilities + Common stock + Retained Earnings + Revenues
Therefore, the correct option is B.
The three major types are;
1. Partnerships
2. Corporations
3. Sole proprietorship
<h3>Answer:</h3>
Under the periodic inventory system.
What is periodic inventory system?
Under the periodic inventory system, the cost of goods sold determined at the end of an accounting period by adding the net cost of goods purchased to the beginning inventory and subtracting the ending inventory.
Answer:
PART-1) The gross domestic product (GDP) of the United States is defined as the market value of all final goods and services produced if within the United States if in a given period of time
PART-2)
1) Excluded. Roadway Motors is a U.S. company, however as it produces the convertible in Germany, the output will be part of the GDP of Germany, not the GDP of the United States
2) Excluded. Since the accountant has provided her services during 2018, the value of those services will be included in 2018 GDP, not in the year 2017 GDP
3) Included. The Zippycar example is straightforward and should clearly count as something produced in the United States in 2015. The gross domestic product (GDP) of the United States refers to the market value of all the final goods and services produced within the United States in a given period of time
4) Included. Although Fastlane is a Japanese company, the sedan is produced within the United States and should be included in the GDP of the United States
5) Excluded. The gross domestic product (GDP) of the United States refers to the market value of all the final goods and services produced within the United States in a given period of time, such as a year or quarter.
