Interest help them cover businesses costs
Answer:
Explanation:
Income Statement
$
Revenue 32,800
Expenses <u> (14,600) </u>
Profit <u> 18,200 </u>
Statement of changes in stockholders’ equity
Retained Earnings :
Profit for the year 18,200
Cash dividend paid <u>(2,900 )</u>
Retained earnings as at 31/12/18 <u> 15,300 </u>
Balance sheet
Current Asset :
Cash Balance ( 32,800-2900) 29,900
Stockholders' Equity :
Retained earnings 15,300
Answer:
the answer is E. a legal entity engaged in business activities solely with the intent of serving its employees without the intent of making a profit.
The scenario that best describes the purchasing property insurance is Mitchell buying insurance to protect the new stereo system from theft.
<h3>What do you mean by Purchase?</h3>
Purchase refers to acquiring something or to buy something by paying an amount for it.
Purchasing property insurance provides benefits to gain more confidence and security and provide protection if something went wrong.
In the above scenario given, Mitchell bought insurance for the newly purchased stereo system. So, it is the best scenario for describing purchasing property insurance.
Therefore, A is the correct option.
Learn more about Purchase here:
brainly.com/question/14290962
Answer: less
Explanation:
i don´t know for real sorry ;(