The environmental protection agency was formed in 1970, Exchange in the immediate environment is this an example of Governmental bodies and the firm.
<h3>What was the goal of the 1970 Environmental Protection Act quizlet?</h3>
- This act's objective is to "promote productive and joyful harmony between man and his environment." In 1970, the Environmental Protection Agency (EPA) was established. The cleanup of toxic waste left behind from decades of unrestricted dumping was its primary focus.
- The Environmental Protection Agency's principal responsibility is to regulate environmental law. It was founded in 1970. They put in place programs to reduce pollution and protect the environment. Describe the federal rules and regulations in place to protect the environment from air pollution.
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Answer:
Date Account Title Debit Credit
May 7 Materials $9,600
Accounts Payable $9,600
<u>Working:</u>
= Units purchased * cost per unit
= 640 * 15
= $9,600
As the goods were purchased on account, they will be sent to accounts payable. Materials are assets so they will be debited when acquired.
Answer:
The correct answer is B. False.
Explanation:
An unqualified or normal opinion is issued in the event that the auditor, after obtaining sufficient and competent audit evidence, is fully satisfied with the reasonableness of the financial statements and their preparation in accordance with generally accepted accounting principles and standards applied to a base consistent with previous years. This satisfaction of the auditors is presented in the report in a clear and affirmative manner.
In issuing an unqualified opinion, the auditor tacitly expresses that if there have been changes in accounting principles or in the method of application, the relative effects of these have been determined and correctly presented in the financial statements.
Answer:
The correct answer for gain on transfer is $40,000 and the basis of his stock is $0.
Explanation:
According to the scenario, the given data are as follows:
Liability on the transferred real estate = $300,000
Amount transferred on adjusted basis = $260,000
So, we can calculate the gain on the transfer by using following formula:
Gain on transfer = Liability on the transferred real estate - Amount transferred on adjusted basis
= $300,000 - $260,000
= $40,000
Hence, the gain on the transfer is $40,000 and $0 on the basis of stock because 100% stock exchanged.
Answer:
c. Adequate Resources
Explanation: it is very important for companies and organisations to have enough resources to carry out their daily target. When the lack of resources becomes severe, the business is in serious risk causing projects to be under equipped, creating inefficiencies, causing employees unnecessary pressure and taking longer hours to complete projects