Balance sheet is a statement of all your assets, liabilities, and your capital.
List down all your assets, liabilities, and capital or equity.
Total Assets = Total Liabilities + Owner's Equity
Total Assets include: land, buildings, inventory, cash, account receivables, etc.
Total Liabilities include: accounts payable, notes payable, allowance for depreciation, etc.
Owner's equity: capital/stocks, withdrawal, additional capital, etc.
The impact of mao zedong's significant leap forward in china c. mao's efforts to contend with the soviet union resulted in an economic boom
The weather in 1959 was catastrophic and the yearly harvest was not nearly enough to support the Chinese population which led to general famine.
<h3>What was the result of the Great Leap Forward?</h3>
Instead of promoting the country's economy, The Great Leap Forward resulted in mass hunger and famine. It is estimated that between 30 and 45 million Chinese citizens died due to famine, execution, and coerced labor, along with massive economic and environmental collapse.
<h3>What was the Great Leap Forward and how did it affect China?</h3>
The Great Leap Forward was a push by Mao Zedong to change China from a largely agrarian (farming) society to a modern, industrial society—in just five years. It was an unbelievable goal, of course, but Mao had the ability to force the world's largest society to try. The effects, unfortunately, were disastrous.
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The commercial farms have not offered assistance to the nearby subsistence farmers.
<h3>What is commercial farming?</h3>
Commercial farming is done to cultivate crops and cattle in order to gain money. Crops can be sold directly to consumers and businesses or processed into products like juices, jellies, pickles, and other foods.
Commercial agricultural practices: the raising of animals and food for market, frequently utilizing current technology.
Thus, The commercial farms have not offered assistance to the nearby subsistence farmers.
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B is the answer. you cant acquire many supplies.
Answer:
A) It is subtracted from the Bonds Payable balance and shown with long-term liabilities on the balance sheet
Explanation:
The discount on Bonds payable, as their name implies, decrease the Bonds Payable carrying value. A bond with discounts, was issued at a lower price than his face value. The discount on bonds represent that difference.
It takes amortization while the time past, until at maturity, their balance is zero, to represent the reality, the obligation for the company is for the face value, so the carrying value of bonds payable should equal the face value.
Last, because the bonds are due in ten-year their place is the long-term liabilities. As their obligation are not within the 12 month period to qualify as short-term
