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prisoha [69]
3 years ago
7

Intangible assets are reported on the balance sheet

Business
1 answer:
Alina [70]3 years ago
5 0

Answer:

d.after the fixed assets.

Explanation:

The reporting of the assets in the balance sheet is shown below:

a. Current assets

b. Fixed assets

c. Intangible assets

We summarize the assets and liabilities in the classified balance sheet into various types Like assets are divided into fixed assets, current assets, and intangible assets.

Total assets involve current assets, fixed assets, and intangible assets Current assets comprise cash, stock, receivable account, etc. Fixed assets include plant & machinery, property, facilities, furniture & equipment, etc.

And, the intangible assets are trademarks, copyrights, goodwill and so on.

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Last week, the Citizens for a Greener America sent a formal letter to Tee Time Golf Resort requesting that the private club meas
Lorico [155]

Answer:

3) a watchdog group.

Explanation:

"Citizens for a Greener America" is an organization that tries to monitor the carbon footprint of other institutions and then will make the information they discover public.

"Citizens for a Greener America" acts as a watchdog group that tries to discover and make public undesirable activities carried out by government, public or private organizations.

6 0
3 years ago
Fiat money has :
lys-0071 [83]

Answer: Option (B)

Explanation:

Fiat money is referred to as the currency which tends to have no intrinsic value and thus has been further entrenched as money. This process is often carried out by the federal government. This particular type of money does not tend to have the use of value, and only has the value since the authority i.e. the government tends to maintains its value.

3 0
3 years ago
Choose the correct statement. A. Income tax creates a deadweight loss in the markets for capital and labor. B. Income tax is a t
mixer [17]

Answer:

The correct answer is option A.

Explanation:

Income tax is a tax imposed by the government on the income earned by the individuals. This income can be from capital and labor. It creates a deadweight loss in the market for labor and capital.

Deadweight loss is the loss to economic efficiency and production caused by a tax. The imposition of a tax creates a tax wedge, this tax wedge leads to a deadweight loss. Deadweight loss due to income tax is the loss of purchasing power or reductions standard of living due to tax.  

The inefficiency or tax burden depends upon the elasticities of demand and supply. Whoever has the least elasticity will share most of the tax burden.

7 0
3 years ago
What do you think are the reasons for business failure? Explain your answer.
Travka [436]

Answer:

The most common reasons small businesses fail include a lack of capital or funding, retaining an inadequate management team, a faulty infrastructure or business model, and unsuccessful marketing initiatives.

7 0
3 years ago
On January 1, a company purchased a five-year insurance policy for $3,300 with coverage starting immediately. If the purchase wa
marissa [1.9K]

Answer:

a. Debit Insurance Expense. $660, credit Prepaid Insurance, $660.

Explanation:

The adjusting entry is shown below:

Insurance expense Dr $660 ($3,300 ÷ 5 years)

          To Prepaid insurance

(Being the insurance expense is recorded)

here we debited the insurance expense as it increased the expense and credited the prepaid insurance as it decreased the assets

Therefore the option a is correct

7 0
3 years ago
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