Answer:
$22,000
Explanation:
It is worth noting that for accounting purposes, restricted cash is one that is not readily available. Such inaccessible funds, therefore, cannot be reported in financial statements. A bank overdraft, on the other hand, is a liability. Lawrence should therefore report cash worth $ 22,000 only.
<span>Rachel is already on her way to work, in this case she will write the note to herself and store it in her pocket. When she returns home she will then proceed to paste the note on her door preventing her from forgetting it tomorrow.</span>
the cost of the equipment is : $72,650
What is incurred?
In accounting, the phrase "incurred" refers to the moment that a transaction or an expense occurs and needs to be documented. To put it another way, it is the precise date that a financial operation occurred and needs to be recorded in the accounting system. Under the accrual method of accounting, the idea of "incurred" is particularly crucial in generally accepted accounting rules. According to this idea, all transactions—regardless of their nature—must be acknowledged (recorded) as soon as they are incurred, regardless of when they were actually paid for. This implies that it is necessary to maintain accurate and trustworthy accounting records.
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Answer:
Option D
Explanation:
In simple words, the payment by government will work as a subsidy for the lost profits of the farmers and their income will be ineffective. Also, by not using that land the farmers can grow any other crop which can provide them higher income as compared to crops.
Such step will result in higher total revenue as wheat would not get wasted due to extra production, thus consumers will also not get hurt.
<span>A discount from the list, or retail, price offered to intermediaries is a
trade discount.
</span>
A trade
discount refers to the
amount by which a manufacturer or producer decreases the retail price of a
product when it sells to a re-seller, relatively to the end customer. It can
also define as a reduction to the available price of a product.
