Answer:
Classified (Or Multi-Step) Income Statement
Explanation:
A Classified Income Statement states the income a company has made in a certain time frame, including revenue, expenses, and profits of an organization or company.
Answer:
$4080
Explanation:
Straight line method of depreciation is a method of calculating depreciation expense of an asset after years of usage.
Given;
Initial cost of asset = $44,000
Salvage value = $3,200
After five years the asset has depreciated by ($44000-$3200) i.e
$40800
Depreciable asset cost = $40,800 (after 5years)
To determine the depreciation amount recorded during the first year ending 31st December;
Since the van was purchased July 1 of that year, by December 31 of the same year, the van must have been used only for 6months i.e (0.5year)
Depreciation expense = year of usage/total useful life × depreciable cost of asset
Depreciation expense = 0.5/5×$40,800
Depreciation expense = $20,400/5
Depreciation expense = $4080
Because of greed and mismangement and the sitting of presidents who did not renew legistlation is why the first and second banks of the united states failed
The correct answer is C. Helps developing nations escape from poverty
Explanation:
The World Trade Organization (WTO) is one of the most important organizations worldwide that regulate the trade between nations, the WTO includes almost all countries in all continents and aims at facilitating trade and other economic activities. Despite this, the WTO is criticized by many for multiple reasons that include the pollution and environmental degradation due to more trade and manufacture, the irregularities in protections and conditions as some countries skip laws about workplace safety, child labor, etc. and that it supports big multinational corporations rather than small local businesses.
However, one of the reasons critics of the WTO do not mention because it is a positive aspect of the WTO and the liberalized trade is that it actually "helps developing nations escape from poverty" as it provides opportunities for all the members to trade products especially those that are exclusive from each country.
