Answer:
The Journal entry is as follows:
Land A/c Dr. $400,850
To Cash A/c $100,850
To Notes payable $300,000
(To record purchase of land with cash and notes payable)
Workings:
Purchase price of land = $392,000
Total cost of land:
= Purchase price of land + Property taxes + Title insurance + Removal of building
= $392,000 + $2,100 + $950 + $5,800
= $400,850
Answer:
The correct answer is letter "A": User Domain.
Explanation:
User Domains are used in organizations with large amounts of servers connected to their network. As it is difficult to keep track of all the data being stored in every server, the domain controller regulates user domains by storing their login credentials but having to pass a privilege screening before accessing to the information of the server. However, that does not secure users will make optimal utilization of the firm's resources. Most parts of the data store will still be unchecked by controllers.
Net Income flows from the income statement to the statement of retained earnings.
The balance sheet is balanced when net income from the income statement, less any dividends paid, is transferred to the retained earnings column. Additional connections- Long-term debt on the balance sheet is used to determine interest expenditure on the income statement.
Net income: In commerce, Net Income is the amount of cash left over on balance costs, like salaries and wages, the value of commodities or raw materials, and taxes, are paid. Net Profit is the amount that an individual keeps after paying taxes, insurance premiums, and retirement contributions.
Net Income.
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False, the open innovation strategy enables the company to avoid utilizing external innovation carried out by other businesses.
<h3>What is Open innovation model?</h3>
Open innovation refers to the process of companies and organizations obtaining ideas from both internal and external sources. Sharing information about issues and appealing to those outside the company for advice and solutions entails this. Open innovation is the process of "increasing the markets for the external application of invention while accelerating internal innovation through deliberate inflows and outflows of knowledge."
You may take internally developed ideas or initiatives that don't fit with your primary business model and develop them outside by creating an open innovation network. This could provide additional revenue sources without affecting your main line of business.
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