Considering the equity ownership analysis, the two statements about owners of equity in a business that is TRUE include "<u>A Partner owns equity and Founders own equity.</u><u>"</u>
<h3>What is Owners Equity?</h3>
Owners Equity is a business term that is used to describe the right of the owners to the business assets after the liabilities are removed.
Given that owners' equity relates to the business's assets, then it is concluded that the <u>founders</u> and <u>partners</u> of the business own equity.
Hence, in this case, it is concluded that the correct answer is options A and D.
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Answer:
The correct answer is B. informal information search.
Explanation:
An informal source of information is basically that which comes from experiences and not in-depth studies on the economic sector. In this case, Shawn tries to get to know all the process, starting with the sales representatives who are the people who day by day carry out the most important work of the organization and know the market and its main challenges. Fairs and newspapers are informal media that rarely have verified information or information from structured studies.
Answer:
8000
Explanation:
200000 divided 100 multiply by 4% equal 8000
Answer:
$6,540
Explanation:
Given:
accounts receivable of $238,000
allowance for uncollectable accounts of $600 (credit)
Also, the allowance for uncollectible accounts should be 3% of accounts receivable.
Therefore the amount of the adjustment for uncollectible accounts would be
= 3% of $238,000 - $600= $(7140-600)= $6,540
Answer:
The correct answers are:
A) Purchase cost of a patent from a competitor. (Capitalized)
B) Research and development costs. (Expensed)
C) Organizational costs. (Expensed)
D) Costs incurred internally to create goodwill. (Expensed)
Explanation:
Basically, for accounting purposes, the difference between capitalization and expenditure relies on the period the assets will be used. When assets are acquired to be used more than in a single period, they are capitalized. When those assets are purchased to be used within part of the current period, they are expensed. Thus:
A) <em>Purchase cost of a patent from a competitor</em>. (Capitalized)
B) <em>Research and development costs</em>. (Expensed)
C) <em>Organizational costs</em>. (Expensed)
D) <em>Costs incurred internally to create goodwill</em>. (Expensed)