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maria [59]
3 years ago
5

Which of the statements below is​ TRUE?A.Accounting Identity​ is: Assets equivalentLiabilities minus​Owners' Equity.B.Accounting

Identity​ is: Assets equivalent​Owners' Equity minusLiabilities.C.Accounting Identity​ is: Assets equivalentLiabilities​ + Owners' Equity.D.Accounting Identity​ is: Liabilities equivalentAssets​ + Owners' Equity.
Business
1 answer:
jeka57 [31]3 years ago
8 0

Answer:

C.Accounting Identity​ is: Assets equivalentLiabilities​ + Owners' Equity.

Explanation:

In accounting identity all variables must balance, if they do not balance according to the equation then there must be an error in formulation, measurement or calculation.

The basic assumption in accounting identity is that the balance sheet must balance. That is assets must be equal to a sum of liabilities and owner's equity.

Asset= Liabilities+ Owners Equity.

This relationship is based on the convention of double entry, for every debit there is an equal credit.

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Brian Cartwright is a single taxpayer who itemizes deductions and has no dependents. Since Year 1, Brian has owned a 50% interes
ankoles [38]

Answer:

Following are the solution to the given points:

Explanation:

For point 1:

=\$22500\times 50\%\\\\=\$22500\times \frac{50}{100}\\\\=\$112500

For point 2:

=\$48000\times 50\%\\\\=\$48000\times \frac{50}{100}\\\\=\$24000

For point 3:

=\$5000\times 50\%\\\\=\$5000\times \frac{50}{100}\\\\=\$2500

For point 4:

=\$20000\times 50\%\\\\=\$20000\times \frac{50}{100}\\\\=\$10000

For point 5:

=\$40000\times 50\%\\\\=\$40000\times \frac{50}{100}\\\\=\$20000

For point 6:

=\$3000 \times 50\%\\\\=\$3000 \times \frac{50}{100}\\\\=\$1500

For point 7:

=\$6000\times 50\%\\\\=\$6000\times \frac{50}{100}\\\\=\$3000

For point 8:

=\$1000 \times 50\%\\\\=\$1000 \times \frac{50}{100}\\\\=\$500

8 0
3 years ago
How many dams, not including the two dams placemarked in the dams folder, impound the colorado river between glen canyon and lak
dolphi86 [110]

Two dams, not including the two dams placemarked in the dams folder, impound the colorado river between glen canyon and lake havasu.

Humans build dams to control water—to make sure the right quantity is on the right region on the right time. River water rises in the back of dams, forming artificial lakes referred to as reservoirs. The saved water may be used to generate electricity or to deliver water for houses and industries, for irrigation or for navigation.

The cause of a dam is to impound (keep) water, wastewater or liquid borne materials for any of numerous motives, which includes flood control, human water deliver, irrigation, livestock water supply, energy technology, containment of mine tailings, pastime, or pollutants manage.

A dam is a structure constructed throughout a river or circulate to keep lower back water. humans have used one of a kind substances to build dams over the centuries.

Learn more about dams here

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6 0
1 year ago
If a company was trying to find the best production strategy which maximized their total profits using an optimization model, th
vredina [299]

Answer: Constraint

Explanation:

The company data is not attached but this should be correct.

Constraints enable companies and entities to engage in sensitivity analysis which would enable them find out optimal quantities of production and production strategy.

Constraints show how much of something is needed to get something done so in making time the constraint, the company is trying to find out how much time is needed in the fabrication department for goods in order for profits to be maximized.

3 0
2 years ago
Using the constant growth model, Camp Company's expected dividend yield ( D1) is 4% of the stock price, and its growth rate is 6
s2008m [1.1K]

Answer:

Ks = 4%+6% = 10%

Explanation:

so we need  to remember that tax rate doesn't affect Cost of equity

in this case the formula will be:

cost of equity is equal to=dividend yield+Growth rate  or Ks = D1/P + g

Camp Company's expected dividend yield ( D1) is 4%

growth rate is 6%

SO we get Ks = 4%+6% = 10%

5 0
3 years ago
PB9-2 Recording and Interpreting the Disposal of Long-Lived Assets [LO 9-5] During the current year, Rayon Corporation disposed
sasho [114]

Answer:

Machine A entries

Debit Other income/disposal account (p/l)  $60,000

Credit Asset account $60,000

Being entries to derecognize the cost of the Machine A

Debit Accumulated depreciation account  $28,000

Credit Other income/disposal account (p/l)  $28,000

Being entries to derecognize the accumulated depreciation on Machine A

Debit Cash account  $33,500

Credit Other income/disposal account (p/l)  $33,500

Being entries to record the amount received from the disposal of machine A

<u>Machine B entries</u>

Debit Other income/disposal account (p/l)  $14,200

Credit Asset account $14,200

Being entries to derecognize the cost of the Machine B

Debit Accumulated depreciation account  $7,365

Credit Other income/disposal account (p/l)  $7,365

Being entries to derecognize the accumulated depreciation on Machine B

Explanation:

When the amount received from the disposal of an asset is higher than the carrying value of the asset, the company makes a gain on disposal. The proceed from the disposal of an asset may be recorded in the disposal or other income account.

On disposal, the carrying amount of the asset is derecognized by  

Debit Other income/disposal account (p/l)

Credit Asset account

with the cost of the asset, then,

Debit Accumulated depreciation account

Credit Other income/disposal account (p/l)

With the accumulated depreciation of the asset at the date of disposal,

Furthermore,

Debit Cash account

Credit Other income/disposal account (p/l)

with the amount received from the disposal or sale of the asset

7 0
3 years ago
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