Answer:
d. Unlike monopolies and monopolistically competitive markets, oligopolies prices do not exceed their marginal revenues.
Explanation:
An oligopoly can be defined as a market formation where in a given sector of the economy there are only a small number of competing companies offering a product or service. Its structure is formed by imperfect competition (between monopoly and perfect competition).
The difference between monopoly and oligopoly is that the number of companies that the market has will set the price of products in an oligopoly market, whereas in the monopoly only one company dominates the market and therefore that company determines the price of the good, as it is a market without competition. Therefore, alternative D is the incorrect one.
Answer:
b. Liability, $9,000,000; expense, $0.
Explanation:
An asset retirement obligation (ARO) refers to an obligation with respect to the acquisition , construction, development, etc. The liability should be recognized the liability at the present value that should be expected to be paid for settling the obligations
Here the $9,000,000 million represents the liability
Also the journal entry is
Asset Dr
To liability
(Being the asset placed is recorded)
There is no expense should be recorded in the income statement
Answer:
1. Accounts Payable BALANCE SHEET under liabilities
2. Depreciation Expense-Equipment INCOME STATEMENT under expenses
3. Gary VD, Capital BALANCE SHEET under owner's equity and/or STATEMENT OF OWNER'S EQUITY depending on the total number of owners of the company
4. Office Equipment BALANCE SHEET under assets
5. Rent Revenue INCOME STATEMENT under revenue
6. Supplies Expense INCOME STATEMENT under expenses
7. Unearned Revenue BALANCE SHEET under liabilities
8. Wages Payable BALANCE SHEET under liabilities
Answer:
Net income of $34,147
Explanation:
Given that
the debits are $29,264
And, the credits are $63,411
We need to find out from the above information that what means to the accountant
As we know that the expenses comes in debit side and the revenues comes in credit side
So here revenue is more than the expenses
SO, there is the net income of
= $63,411 - $29,264
= $34,147
Answer: Active listening
Explanation:
In active listening, the listener is expected to fully grasp, understand and respond to what is being said. Essentially, the listener is required to give full attention to the speaker during the communication process. Interest in what the speaker is saying can be shown using verbal and non verbal cues.
