Answer: Assets = Liabilities + Stockholders Equity.
Explanation: Assets refers to the resources owned by a firm for operating its business. Equity refers to the amount of fund invested in the business by the shareholders and liabilities are the obligations of the business.
Thus, it is assumed that every asset that an organisation owns is either purchased by the funds that belongs to the shareholders or on credit by taking liabilities into account.
Hence, from the above we can conclude that ,Assets = Liabilities + Stockholders Equity, correctly depicts the accounting equation.
Answer:
government is the corret answer
Answer:
Identifying and typing resource
Explanation:
Measurable defined or stated as the capabilities as well as the levels of the performance, resources are identified or recognized and the basis for every category.
The resources comprise of the following kinds or types, which are equipment, aircraft, teams, vehicles and supplies.
Resources are the categories of the typing through the capability, the mobilized the incident management and the response.
Therefore, the identifying and the typing resource is the resource management activity.
Answer:
$119,400
Explanation:
Given that,
Opening, balance in the prepaid insurance account = $66,400
paid for insurance = $104,000
At the end, Balance in the prepaid insurance account = $51,000
Total amount paid:
= Opening, Balance in the prepaid insurance account + Paid for insurance
= $66,400 + $104,000
= $170,400
Insurance expense for 2021:
= Total amount paid - At the end, balance in the prepaid insurance account
= $170,400 - $51,000
= $119,400
Answer:
$239,200
Explanation:
The computation of total conversion costs transferred out of the Canning Department is shown below:-
Total conversion costs transferred out = Equivalent units × Cost per equivalent unit of conversion cost
= 92,000 × $2.60
= $239,200
Therefore for computing the total conversion costs transferred out we simply applied the above formula.