Timmons Corporation purchases office supplies for $350 cash. Debit Supplies $350, credit Cash $350.
A legal entity is an organization (usually a group of people or a legal entity) authorized by the State to act as a single entity and legally recognized as such for a specific purpose. Early incorporated entities were established by charter. Most jurisdictions now allow the formation of new companies through registration.
A corporation is a business entity owned by shareholders who elect a board of directors to oversee the activities of the organization. A company is responsible for its actions and finances, but its shareholders are not.
Learn more about Corporation here:brainly.com/question/13551671
#SPJ4
Full question attached
Answer and Explanation:
Full answer and explanation attached
<span>The four characteristics used to classify retail stores are: the type of merchandise sold; the variety and assortment of merchandise sold; the level of customer service; the price of the merchandise. For example, we know that Whole Foods and Aldi are both grocery stores. However, Whole Foods provides different types of merchandise and provides a different level of customer service, as they focus on organic and healthy foods and their employees bag groceries. Aldi, on the other hand, focuses on cheaper foods without much heed to organic or health materials, and they do not bag groceries.</span>
Answer:
The correct answer is letter "A": technological assets such as patents, copyrights, and innovation technologies.
Explanation:
Tangible resources are property owned by a business that can usually be touched. All of them have a determined monetary value. Examples include furniture and chairs, computer hardware, delivery equipment, and inventory. Tangible assets are what a company uses to operate the business, not including human assets.
<em>Thus, patents, copyrights, and innovation technology can be considered tangible assets.</em>
The oldest retail setting is referred to as the Central Business District.
Hope this helps!
