Answer:
The assets of the business must have increased by $49,000.
Explanation:
Every time when a change in any type of account occur it should satisfy the accounting equation as follow:
Asset = Equity + Liabilities
So, the same situation is
Change in Asset = Change in Equity + Change in Liabilities
Change in Asset = -$34,000 + $83,000
Change in Asset = $49,000
So, the net change in the assets will be $49,000. This value is the net of change in the assets section resulting the change due to Equity and liability transaction.
Answer:
I believe it's...
A) Watching your favorite TV show on a Saturday evening.
and
F) Free riding on a group project.
Explanation:
Coordination problems are problems that result in multiple outcomes, so the one facing the problem(s) must act carefully.
Answer:
Letter D is correct!
Explanation:
The letter D is correct because deep sea fishing is a resource that thousands of people have access to and even depend on for their survival. What fits this activity as a commonly owned resource 1, which are natural or artificial activities where the ability to exclude users is not remote. This becomes a problem as there are no resource constraints for each user, ie in the case of deep sea fishing, when a user fishes a fish, it is not available for the other to fish, which would lead to conflicts between management of such activities, so it is necessary to classify as a private activity and then allocate policies to adapt better management to all users.
Answer: The correct answer is "Interest expenses of the governmental activities.".
Explanation: This amount will be reported on the government-wide statement of activities as interest expenses of the governmental activities <u>since it corresponds to interest expenses paid for the issuance of debt to finance government activities.</u>