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dusya [7]
3 years ago
13

Q 2.2: Accounts that are increased with a debit include A : equity. B : assets. C : revenue. D : liability.

Business
1 answer:
Gennadij [26K]3 years ago
6 0

Answer:

B : assets

Explanation:

As we know that

The debit columns report assets and expenditures side while revenues shareholder equity and the liabilities side are reported in the credit column.

Since we know that asset and the expenses account has a debit balance that means if they are increased so it would be recorded in the debit side and if it decreases so it would be recorded in the credit side that reflects the direct relationship.

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Assume there is a simultaneous increase in home foreclosures and a decrease in consumer incomes.
hammer [34]

Answer: B) price will decrease.

Explanation: increasing default in the payment of mortgages causes a corresponding increase in the number of foreclosures of homes. This maybe attributed to a decrease in the earnings of consumers. This means that there's a likelihood of more defaults, the demand for homes falls which drives down prices. Also, neighborhoods with high foreclosure numbers often see a drop of 1% in home value and quite often also, deserted homes fall into disrepair. Homes with no curb appeal and need significant repairs do not sell for market value. Therefore the prices will decrease.

5 0
4 years ago
Gross Domestic Product is calculated by
posledela

A) Adding all goods and services


7 0
3 years ago
The clowns made up 50 percent of the performers in the circus this year how many clowns were at the circus this year
DIA [1.3K]
I'm guessing you multiply 50, 2x
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3 years ago
What is the goal of a transnational corporation?
horrorfan [7]
The primary goal of transnational corporations is to offer their services or products across other culture. These corporations usually provided loans to the poorest countries and invest in then in return. Foreign investments create more jobs which help the economy and the people to improve the quality of their lives.

7 0
4 years ago
Skysong Importers provides the following pension plan information. Fair value of pension plan assets, January 1, 2017 $2,177,000
svetoff [14.1K]

Answer:

$432,000

Explanation:

The computation of the actual return on the plan assets for the year 2017 is shown below:

Fair Value of plan as Dec 31,2017                     $2,559,000

Less:

Fair Value of plan as Jan 1 , 2017                     (-$2,177,000)

Increase in fair value                                         $382,000

Less:-Contributions to the plan                        -$309,000

Add: Benefits to paid to retiree                          $359,000

Actual return on plan assets for 2017            $432,000

6 0
3 years ago
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