Answer:
A.) Medium of exchange - Here money is used for doing transaction and therefore, this example is under the medium of exchange.
B.) Store of value - Here, a person store or deposits his money into a bank and therefore, this shows the store of value characteristic of money.
C.) Medium of exchange - Here, one of my friend utilize money for helping me mowing lawns which shows that money is used as a medium of exchange.
D.) Unit of account - The unit of account characteristic of money is reflected here because a person easily calculated his net earnings for the year on the tax return in terms of money.
E.) Unit of account - The unit of account characteristic of money is reflected here because a person easily calculated his new lawn mower value.
Answer:
Family. or relationships. spending time with them
- The impact of the following transactions should be shown on the accounting equation below:
- The accounting equation comprises equity, liabilities, and assets.
- In this, the sum of the stockholder equity and the liabilities should be equivalent to the total assets.
- It analyzed the financial position, performance of the company.
Therefore we can conclude that the attachment i.e. attached represent the impact of the given transactions on the accounting equation.
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The uniqueness of a certificate of deposit compared to a time deposit is the financial penalty.
<h3>What is the financial penalty?</h3>
A financial penalty means the obligation to pay a sum of money on conviction of a criminal or administrative offense, including orders made in criminal proceedings to pay compensation for the benefit of victims of crime, financial penalties are the obligation to pay a sum of money upon conviction of a criminal or administrative offense. A sum of money is demanded as restitution for violating the law or, occasionally, a contract's conditions. and orders to pay sums in respect of the costs of a court or administrative proceedings. Payment is required as a result of breaking the law or sometimes for breaching the terms of a contract.
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<span>I gather from the referenced paragraph that a company called Wood Pharmaceuticals was being audited.The process of auditing revealed some concerning issues to include several control deficiencies in the company's internal control which could result in adversities.I would notify the folks in charge and inform them of the steps required to resolve the issue in a timely manner.</span>
