Answer:
$12,500
Explanation:
Assets are classified under current and fixed categories. Among items that Granger owns, a boat is an asset; specifically a fixed asset since it can be utilized over a year. Same reason for a car, which is also a fixed asset. Tools help in operating a business hence considered fixed assets as they can be utilized for more than a year. The total value of assets is (4000+8000+500)
Total value = $12,500
Answer:
A. not affect the total value of any of the equity accounts.
Explanation:
A balance sheet can be defined as a financial statement of an organization which is typically used to record financial informations liabilities, capital, shareholder's equity, assets, debts at a specific period of time.
In respect to a balance sheet, a stock split will not affect the total value of any of the equity accounts.
A stock split can be defined as a process in which a company divides its existing shares of the stock it owns into multiple new shares to its shareholders in proportion to the amount of their holdings. Thus, a stock split will not affect the total value of any of the equity accounts with respect to a balance sheet.
Answer:
(a)Income statement:
Insurance expense - understated
net income - overstated
(b) balance sheet:
prepaid insurance - overstated
stockholders equity - overstated
Explanation:
Answer:
following are the solution to this question:
Explanation:
The key factors for IKEA's growth are as follows:
It made simple to use goods as well as the technique of "do it yourself" allows employees to increase costs lower, prices fair, a good understanding of the population it wants to target, goods clean with a clear aesthetics.
These were also regarded for fair payer money for staff and vendors, as well as the mechanism is open. Its shops also provide accommodation for the whole family.
What we own are asset, adjustments ensure that asset balances are reported
<h3>
What is an asset?</h3>
An asset is of worth that has economic value and future benefit. An asset can serve as a source of income generating money for present and future endeavors.
Therefore, what we own are asset, adjustments ensure that asset balances are reported
Learn more on assets here,
brainly.com/question/25821437
