1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
soldier1979 [14.2K]
3 years ago
10

A _______ account represents the basic financial position elements of the accounting equation and a _______ account keeps track

of the changes in the retained earnings component of shareholders' equity.
Business
1 answer:
bezimeni [28]3 years ago
7 0

Answer:

Balance Sheet

Statement of Changes in Shareholders equity

Explanation:

A Balance Sheet account represents the basic financial position elements of the accounting equation and a Statement of Changes in Shareholders Equity account keeps track of the changes in the retained earnings component of shareholders' equity.

A balance sheet in financial accounting, is a statement of financial position or statement of financial condition which shows all the assets, liabilities, and capital of a profit or not-for-profit organization at a given date.

A statement of changes in shareholders equity is a financial statement that shows a summary of all movements that took place in shareholders' equity accounts within a reporting period. It is in a nut-shell a reconciliation of the opening balances of equity accounts with their closing balances.

You might be interested in
Monopolistically competitive markets are characterized by a large number of firms A economies of scale B standardized products C
zavuch27 [327]

Answer:

The answer is B. standardized products

Explanation:

Monopolistic Competition has the following characteristics :

1. There large numbers of buyers and sellers

2. The products offered by sellers are close substitutes for the products offered by another seller.

3. The costs associated with entry and exit are low.

4. Sellers differentiate their products through advertising, branding etc.

Know that the most distinguishable factor in this market is product differentiation or standardized products.

The extent to which the seller is successful in product differentiation determines pricing power in the market.

The demand curve in this market is downward sloping i.e increase in price will lead to decrease in quantity demanded. This market is similar to perfectly competitive market.

The economic profit will fall to zero in the long run because the entry costs are not high.

7 0
3 years ago
Speedy Runner makes running shoes and they have gathered the following data for the month of​ October: Data Cash on​ 10/1 Expect
dmitriy555 [2]

Answer: $9,000

Explanation:

Speedy Runner will need to borrow the amount of cash disbursements that will exceed their cash receipts.

= Opening Cash + Cash Receipts - Cash Disbursements

= Opening Cash + Expected Cash Collections - Direct Labor Cash - Direct Materials Cash Disbursements - Operating Expenses Cash Disbursements - MOH Cash Disbursements - Capital Expenditures Cash Disbursements ​- Ending cash balance requirement

= 15,300 + 435,000 - 32,000 - 80,000 - 110,000 - 25,000 - 200,000 - 12,000

= $8,700

<em>They can borrow in incremental terms of $1,000 so to cover the cash requirements they should borrow </em><em>$9,000. </em>

8 0
3 years ago
What is GDP? What is the current GDP of the United States? What is the current GDP of China? When do you think China will surpas
elena55 [62]

Answer:

1. The GDP is the total of all value added created in an economy. The value added means the value of goods and services that have been produced minus the value of the goods and services needed to produce them, the so called intermediate consumption.

2. 20.94 trillion USD (2020)

3. 14.72 trillion USD (2020)

6 0
2 years ago
Jeff, a 52% owner of an S corporation, has a stock basis of zero at the beginning of the year. Jeff's basis in a $10,000 loan ma
Rzqust [24]

Answer:

See below

Explanation:

In order to restore any reduction in loan basis, only the net increase is applied in line with section 1367(b)(Adjustment to basis of stocks of shareholders).

What this means is that there is no net increase regarding the information given above I.e ($11,000 - $15,000).

We can safely conclude that there is $11,000 tax free income since the stock basis has been increased by $11,000. There is also a $4,000 capital gain.

3 0
3 years ago
What is the primary reason for analyzing sales history of the subject and comparable sales?
snow_lady [41]

The primary reason for analyzing the sales history of the subject and comparable sales is to Determine that flipping actions have not occurred.

The appraiser prepares a report stating the estimated market value of the property. An appraiser will perform a physical inspection of the property and review relevant information that may affect the value of the home, such as B. Square footage and the number of bedrooms.

The purpose of the evaluation is to state the reasons and scope of the evaluation order. H. Estimating defined values ​​for property division, or performing analysis or consulting work related to property decisions.

The term sales comparison approach refers to a property valuation method that compares a property to comparable or other recently sold properties in areas with similar characteristics. Realtors and appraisers can use the compare-for-sale approach when valuing properties for sale.

Learn more about sales here brainly.com/question/25743891

#SPJ4

8 0
1 year ago
Other questions:
  • Dillon Labs has asked its financial manager to measure the cost of each specific type of capital as well as the weighted average
    13·1 answer
  • Tom, an art history professor owned and lived in a home in Dubuque, Iowa, for the past four years. He spends a year in Italy aft
    5·1 answer
  • The Matthews want to split their refund between savings and checking accounts. How is this accomplished, if possible?
    15·1 answer
  • Because it is difficult for economists to use experiments to generate data, they generally must a. use whatever data the world g
    12·1 answer
  • "A couple wants to invest for the college education of their 2 children, currently ages 1 and 3. They estimate they will need to
    8·1 answer
  • On January 2, Cohan Company acquired 37% of the outstanding stock of Sanger Company for $715,500. For the year ended December 31
    7·1 answer
  • Help ASAP please !!!!!!
    8·1 answer
  • A business provides its employees with varying amounts of vacation per year, depending on the length of employment. The estimate
    13·1 answer
  • Cost of Direct Materials Used in Production for a Manufacturing Company Walker Manufacturing Company reported the following mate
    14·1 answer
  • Kate was responsible for hiring a fireworks company to put on a show at the end of the local college team's homecoming game. Whe
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!