The answer choice that correctly describes the impact of the supplies purchase on the financial statements is A. total assets will remain unchanged.
<h3>What is an Asset? </h3>
This refers to financial property owned by a company or individual that has some degree of value.
Hence, we can see that given the fact that a company purchased supplies for cash that would be used in a few months, this would leave the total assets unchanged.
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Answer:
Cr Interest revenue $3,624
Explanation:
Dr Investment in bonds 100,000
Cr Cash 90,000
Cr Discount on investment in bonds 10,000
the first coupon payment:
(90,000 x 4%) - $3,000 = $600
Dr Cash 3,000
Dr Discount on investment in bonds 600
Cr Interest revenue 3,600
the second coupon payment:
(90,600 x 4%) - $3,000 = $624
Dr Cash 3,000
Dr Discount on investment in bonds 624
Cr Interest revenue 3,624
The plans regarding the contributions made to the 401(k) plans are directed by the participant, who is also known as an employee of the organization.
<h3>Who is a 401(k) plan?</h3>
A 401(k) can be referred to as a feature of a profit-sharing plan that enables the employees to make a partial contribution of their wages to their individual accounts.
An employee is referred to as a participant for the purpose of this plan. It is further to be noted that this plan is as per the voluntary directions of the participant.
Hence, it holds true that majority of the 401(k) plans are participant directed.
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According to Community Revival in the Wake of Disaster, entrepreneurs, broadly considered as those who spot and seize opportunities to foster social change, fulfill this crucial function.
It can be challenging to recover after natural disasters like tsunamis, hurricanes, earthquakes, and floods. Residents of communities must be able to both obtain the resources they need for reconstruction and get around the issue of collective action that plagues post-disaster relief efforts.
The community revival in the wake of disaster illustrate how entrepreneurs support community recovery by providing necessary goods and services, restoring and replacing disrupted social networks, and signaling that community rebound is likely and, in fact, underway. The recovery efforts following Hurricanes Katrina and Sandy in New Orleans, Louisiana, and Rockaway, New York, are used as examples. They contend that encouraging businesses to take action after natural disasters is crucial for establishing recovery and resilient communities.
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According to the context, Emmanuel is practicing <u>consideration</u> with his employees.
<h3>What is consideration?</h3>
It is linked to a reflection that can be associated with an estimate or assessment.
That is implies an attitude, or rather a set of attitudes and an evaluative tendency of individuals and groups in the work context.
Therefore, we can conclude that according to the context, Emmanuel is practicing consideration with his employees.
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