Answer:
A circular definition is one that uses the term(s) being defined as a part of the definition or assumes a prior understanding of the term being defined. There are several kinds of circular definition, and several ways of characterising the term: pragmatic, lexicographic and linguistic.
Answer:
1. Depreciation expense 3600
Accumulated depreciation 3600
2.Unearned rent 330666
Rental income 330666
3. Interest expense 2100
Interest payable 2100
4.Cost of goods manufactured 2640
Supplies 2640
5. Insurance expense 2400
Prepaid insurance 2400
Explanation:
depreciation for the year = 300*12=3600
2. Earned rent was 62000/3*4=330666
3.Interest expense for the year = 525*4=2100
4.opening supplies were 3500 and ending were 860 so (3500-860)=2640 were consumed and 860 will be reported to balance sheet.
5. Opening prepaid insurance was =$3600
Insurance was expense out at the rate of $200 per month = 200*12=$2400
$1200 shall be reported to balance sheet.
Answer: uses prices, competition, and exchange relationships to regulate activities.
Explanation:
Market control involves using pricing mechanisms and exchange relations for the regulation of organizational activities. In market control, competition, prices, and exchange relationships are used to regulate the activities.
The option about the assumption that the interests of the organization and individuals naturally diverge is the clan control.
Answer:
$18,000.
Explanation:
Beginning basis (carryover from machine)
$30,000
Plus: share of partnership liabilities
4,000
Minus: liabilities assumed by others partners
(16,000)
Rashad's basis
$18,000
