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2 years ago

Financial accounting should provide information that:_______.

Business

1 answer:

Helga [31]2 years ago

5 0

Answer:

The answer is d. tells about economic resources, claims to resources, and changes in resources and claims is useful to investors and creditors in making decisions.

Explanation:

Financial reporting at its core, is a "language". It ensures that the investors and all stakeholders are provided with relevant and accurate information regarding a business or an institution. So that they can take effective and efficient economic decisions that will eventually benefit the entire economy.

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Mason corporation purchased a piece of land 5 years ago when the price of land was low. it plans to develop the land into a new

Rom4ik [11]

On their classified balance sheet, Mason Corporation would classify this land as <span>a long-term investment.

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</span>

7 0

3 years ago

If a business is not making a profit, the entrepreneur knows that ________. no one wants to buy the product/service he/she is no

igor_vitrenko [27]

<span>b. he/she is not making good use of scarce resources</span>

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3 years ago

Suppose Clampett, Inc. terminated its S election on August 28, 2018. At the end of the S corporation's short tax year ending on

charle [14.2K]

Answer:

correct option is $5,750

Explanation:

given data

amounts were both zero

suspended loss = $20,750

additional capital contributions = $5,750

to find out

How much loss may J. D. deduct in 2019

solution

loss may J. D. deduct in 2019 is $5,750

we know that post transmination period end of 15 September

it is extended here due date of final tax return

it is standardize so that J.D. only deduct loss to extend of his contribution on march

so 2nd contribution make on 15 September

so correct option is $5,750

6 0

3 years ago

Using the equation of exchange, if the Federal Reserve Bank expands the money supply and but there is no real growth in the econ

fenix001 [56]

Answer:

The conclusion we can draw is that businesses invest heavily on capital expenditures for future growth.

Explanation:

The equation of exchange is: M × V = P × Q, where:

M: the money supply

V: the velocity of money

P: the general price level

Q: the expenditures

Because V increase while P (no real growth in the economy mean the velocity of money is stable) and P are unchanged, Q must increase too. The increase is usually on capital expenditures.

8 0

2 years ago

On December 31, 2018, AAA disposed an Equipment (Cost: $50,000, Salvage Value: $10,000, useful life: 4 years), which was purchas

levacccp [35]

Answer:

A Loss of $10,000

Explanation:

To calculate the depreciation using the straight line method.

Depreciation = Cost - Salvage value/ no. of years

$50,000 - $10,000/ 4 = $10,000

Annual depreciation now is: $10,000

Net book Value (NBV) for the year of disposal i.e 2018 will be:

Cost - Accumulated Depreciation = NBV

$50,000 - $30,000 = $20,000

NBV is $20,000

but was sold for $10,000 which is a loss of $10,000

3 0

3 years ago