Answer:
Equity of the business= $17,076.
Explanation:
Equity as used in business is used to refer to the difference between the worth of a business (its assets) and what the business owes (debts and liabilities).
In other words, total equity refers to the value which is left in the company after the total liabilities must have been subtracted from the total assets.
The formula to calculate total equity is given below:
Equity = Assets - Liabilities
Therefore to calculate the equity above, we have:
Equity = $64,342 - $47,266
Equity = $17,076.
Answer:
The correct answer is letter "A": Color ads are considered better suited for attracting and holding attention.
Explanation:
Magazines are mediums of communication targeted to a special sector of the market. Examples of magazines are <em>sports magazines, auto magazines, computer science and electronics magazines, </em>and <em>cuisine magazines</em> to mention a few.
As magazines are published periodically it is important that the advertisement displayed captures the attention of the audience. To do so, magazines tend to use color promotions where readers can see the products being promoted more detailed than by just displaying them in black and white.
Explanation:
Debit Credit
Cash $84,000
Common stock $70,000
Paid-In Capital in Excess of Par Value $14,000
It's necessary to split the equity in two accounts because there is information about the par value
Promotion Expenses $49,000
Common Stock $3,500
Paid-In Capital in Excess of Par Value $45,500
It's necessary to split the equity in two accounts because there is information about the par value
Promotion Expensese $49,000
Common Stock $49,000
It's not necessary to split the equity in two accounts because there is no information about the par value
Cash $136,500
Preferred Stock $87,500
Paid-In Capital in Excess of Par Value $49,000
It's necessary to split the equity in two accounts because there is information about the par value
People will eventually start cutting back on their spending since increased interest rates result in greater borrowing costs. Then, when the demand for goods and services declines, so does inflation.
Interest and other expenses incurred by an entity in conjunction with borrowing money are referred to as borrowing costs. An asset that requires a significant amount of time to prepare for use or sale qualifies as a qualifying asset.
A qualifying asset's cost includes borrowing expenses that are directly related to its purchase, construction, or production. The expense of other borrowing costs is recognized.
The fundamental tenet of IAS 23 Borrowing Costs is that if borrowing costs can be directly linked to the purchase, development, or production of a qualifying asset, they should be capitalized. Additional borrowing expenses are deducted from profit or loss.
Learn more about borrowing costs here
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