<span>Hello,
</span>
Subsidy means allowance, funding, or donation.
Apart from the definition, I believe your answer would be:
<span>It keeps the price of domestic goods relatively low,
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Answer:
a misstatement of cash receipts will result in a misstatement of accounts receivable.
Explanation:
A financial statement is a written report that quantitatively describes a firm's financial health. Under the financial statements is a cash-flow statement, which is used to record the cash inflow and cash equivalents leaving a business firm.
Basically, financial statements are formally written records of the business and financial activities of a business entity or organization.
There are four (4) main types of financial statements and these are;
1. Balance sheet.
2. Cash flow statement.
3. Income statement.
4. Statement of changes in equity.
A current asset can be defined as all of the assets that are being owned by a company or business entity and are expected to be converted into their cash equivalent through sales or use within a period of one year of its date on the organization's balance sheet.
Some examples of current assets are account receivables, marketable securities, cash equivalent, etc.
In Financial accounting, there exist a significant level of interaction between cash receipt transactions and accounts receivable because a misstatement of cash receipts will result in a misstatement of accounts receivable, which gives information about legally enforceable monetary claims that are to be recovered by a company from a customer who is yet to make payment.
Computer Chips are very small pieces of semiconducting material that contain integrated circuits.
What are your answer choices?
Answer:
option (d) $112,500
Explanation:
Data provided in the question:
Amount for which the customer list is acquired = $400,000
Expected time for which the list will generate the value = 5 years
Time after which the customer plans to sell the list = 3 years
Amount for which the list was sold = $62,500
Now,
Customer lists should be amortized over their useful life i.e the time for which it was used by Springsteen Corp. i.e 3 years
Therefore,
Annual amortization expense = 
or
Annual amortization expense = $112,500
Hence,
The answer is option (d) $112,500
