"B. Capital A capital asset is defined to include property of any kind held by an assessee, whether connected with their business or profession or not connected with their business or profession. It includes all kinds of property, movable or immovable, tangible or intangible, fixed or circulating."
Answer:
No Account and explanation Debit Credit
1. Rent expense ($4,300/5) $860
Prepaid rent $860
(To record adjusted rent expense)
2. Supplies expense (7,250-2,950) $4,300
Supplies $4,300
(To record adjusted supplies)
3. Depreciation expense $460
[(44,160/8)/12]
Accumulated depreciation $460
(To record depreciation)
Explanation:
When two conditions are met, a potential loss is accrued: an benefit is either disproportionate or debt is sustained on a balance sheet date and the magnitude of a loss is reasonably estimatable.
When the calculation is below a given range and there appears to be no better estimation than any other beyond that range, the minimum limit will be applied.
Therefore, it is appropriate to include as liabilities the total sums ($250,000) of the probable promised payout. Once the device is purchased, the retrofitting expenses should be paid, as they greatly boost future computer operation.
What's the question? sorry, but am i missing something?
Answer:
The correct answer is the world systems theory.
Explanation:
The world-systems theory is a socioeconomic theory. It was developed by sociologist Immanuel Wallerstein. According to this theory, the countries of the world can be classified into three types.
1. Core countries
2. Semi periphery countries and,
3. Periphery countries
There are countries which are powerful and control wealth and capital who exploit other less powerful and poor countries which have natural resources and labor.
