All categories

3 years ago

The following transactions were completed by the company.

Business

1 answer:

aleksandrvk [35]3 years ago

6 0

Answer:

Assets : Increase by $6,000

Liabilities : No effect

Equity : Increase by $6,000

Assets : Increase by $4,500

Liabilities : No effect

Equity: Increase by $4,500

Assets : Decrease $1,650

Liabilities : No effect

Equity : Decrease $1,650

Assets : Increase $2,250, Decrease $2,250

Liabilities ; No effect

Equity: No effect

Assets : Decrease $800

Liabilities : No effect

Equity : Decrease $800

Explanation:

Recognize Revenue and Assets of Cash

Recognize Revenue and Assets in Trade Receivable

Recognize an expense and de-recognize the Assets of Cash

Recognize Assets in Cash and de-recognize Assets in Accounts Receivables.

Recognize an Expense and de-recognise the Assets in Cash

You might be interested in

monopolistically competitive firms are unable to produce enough output to reach the average total cost because of the presence o

stich3 [128]

Monopolistically competitive firms are unable to produce enough output to reach the average total cost because of the presence of other monopolistically competitive firms in the industry.

Monopolistic competition arises when several businesses provide rival goods or services that are comparable but imperfect replacements.

Entry barriers are low in monopolistic competitive industries, and actions made by one business do not immediately impact those of its rivals. Pricing and marketing choices are how the rival firms set themselves apart.

Businesses engaged in monopolistic rivalry distinguish their goods through price and marketing tactics.

The expenses or other impediments that prohibit new rivals from joining a market are minimal in monopolistic competition.

Between perfect and monopolistic competition, known as monopolistic competition, there is monopolistic competition, which incorporates aspects of both and entails businesses with comparable but distinct product offers.

Learn more about Monopolistic competition, here

brainly.com/question/28189773

#SPJ4

4 0

1 year ago

A substitute is standing at the halfway line waiting to enter the match at the next stoppage of play. the ball has gone over the

lilavasa [31]

Yes, those who are not currently active in the game, even a substitute must wait until they are cleared to enter the game to take the throw-in. There are only a certain amount of players allowed to be on the court at any given time and therefor they must make sure the person they are substituting for has left.

6 0

2 years ago

Gwendolyn and jack francis are investors with no financial training or investment background. which approach will they likely ta

Pani-rosa [81]

The answer is "They will chose investments with less risk".

Everything in life is about exchange offs. With low-risk investment decisions, you are probably not going to lose your main, yet you are additionally far-fetched to gain a high rate of return.

In the event that you are investing cash you won't have to use inside the following ten years you might need to consider something that offers the potential for a higher return, which may likewise involve going for additional risk.

The way toward building a portfolio implies you astutely select speculations with various levels of risk so they cooperate toward a shared objective.

6 0

2 years ago

Price is taken to be a given by an individual firm selling in a purely competitive market because.

snow_tiger [21]

Price is taken to be a given by an individual firm selling in a purely competitive market because each seller supplies a negligible fraction of total market.

Purely competitive market refers to a marketing situation in which there are a large number of sellers of a product which cannot be differentiated selling a standardized product and therefore, no single firm has a significant influence on the product price. It is characterized, furthermore, by ease of entry for new companies into the market and perfect market information. Hence, the sellers in such a market are considered to be price takers. Examples of purely competitive market are agricultural products such as wheat or corn.

Learn more about Purely competitive market:

brainly.com/question/15176320

#SPJ4

6 0

1 year ago

The reporting of financial conditions at the corporation so that can be evaluated. b. Legal protections for shareholders so that

gogolik [260]

Answer:

a) Financial Statements

b) Limited Liability

Explanation:

a) The reporting of financial conditions at the corporation so that it can be evaluated, is the aim of preparing financial statements. Financial statements are periodic reports prepared monthly or annually to show the financial health of a company. They are made up of the statement of profit or loss, statement of financial position, cash flow statements and statement of changes in equity.

b) Legal protections for shareholders so that they are not taken advantage of is the purpose of limiting the liability of shareholders. Limited liability relates to a shareholder's financial liability being limited to a fixed amount not exceeding his investment in the company or partnership. Nevertheless every shareholders is liable for his own actions personally.

6 0

2 years ago