Answer:
Smith will report an investment income of $56,000 in its income statement.
Explanation:
Based on the information given we were told that Smith made a purchased of the amount of $522,000 of Jones shares in which as of December 31, 2021, the Jones shares also had a fair value of the amount of $578,000 this means that Smith will report an investment income of $56,000 ($578,000-$522,000) in its income statement.
Location externalities (skilled labor force, supporting industries in place, etc.) are considered a<u> country-specific</u> factor when choosing a location of production.
In economics, an externality or outside fee is an indirect cost or benefit to an uninvolved third party that arises as an effect of some other celebration's interest. Externalities may be taken into consideration as unpriced items are concerned in either customer or manufacturer marketplace transactions.
Location externalities describe the mutual interplay among marketers, which at a micro-stage manner that the vicinity of one or extra families and/or companies in a neighborhood modifies the nice of that neighborhood.
There are 4 predominant forms of externalities – positive consumption externalities, tremendous production externalities, negative consumption externalities, and negative production externalities. Externalities create a social fee in which items are undersupplied or create harm to the surroundings.
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Answer:
The correct answer is option D.
Explanation:
Money can be defined as any asset that is generally accepted by people in exchange for goods and services. The basic function of money is to act as a medium of exchange.
It reduces the transaction cost in exchange for goods and services by eliminating the double coincidence of wants.
Money can be of different types such as commodity money, fiat money, etc.
Other functions of money are to act as a store of value and unit of account.
Answer: revenue of $14,000 and expense of $6,000 in Year 1.
Explanation:
In accrual accounting, it should be noted that for this accounting method, the revenue or expenses that are made by the individual or company will be recorded as at the time that the transaction took place and not when the payment for the transaction was gotten.
Since Costello company performed $14,000 of services and also incurred $6,000 of wage expenses, then Costello will report revenue of $14,000 and expense of $6,000 in Year 1.
Business will be able to save the money they will recieve back from taxes.
