Answer:
The correct answer is option A.
Explanation:
A monopolistic market is a market structure that has a large number of buyers and sellers in the market. The sellers produce heterogeneous or differentiated products which are close substitutes. There are relatively easier entry and exit in the market as compared to a monopoly market.
There is a high degree of competition in the market and the producers use an advertisement to promote their products.
Answer:
the correct answer is *not spending all their current incomes.
Explanation:
if you look at all the other options, they are not creating wealth but depletes it away. the only way to build wealth is by investing and saving over time. ideally, by not spending all their current income.
Answer:
The correct answer is letter "C": Cornucopians.
Explanation:
Cornucopians are environmentalists who consider that is possible to overcome environmental problems with technical approaches. They have anthropocentric positions because interest in humans is what guides their criteria on the relationship between society and its environment. Cornucopians believe mankind's role in the world is to conquer nature to produce.
Answer:
Explanation:
$100,000 debit to the Equipment asset account because you are recording the actual original cost of the equipment (as is required by the Cost Principle of Depreciation). You should also credit the Accumulated Depreciation: Equipment account for $75,000 to show that the equipment has already depreciated for this amount.
Answer:
1. $930,000
2. No
3. No
Explanation:
1. The computation of the goodwill amount is shown below:
= Purchased price - the fair market value of the net assets purchased
= $3,760,000 - $2,830,000
= $930,000
2. No goodwill should not be amortized as it is subjected to an impairment test at the end of the year.
3. This goodwill would not be reported as only purchased goodwill is recorded
