Making use of the data provided in the question to showcase the effects of the events on the financial statements ( using horizontal statements model )
b) The amount of total assets at end of year 1 = $76,000
<u><em>Attached below is the Excel sheet showing the effect of the events on the financial statements. </em></u>
A) The effects of the financial statement using horizontal statements attached below
b) The amount of total assets = ∑ Cash + A/R
= [40,000 + (-10,000 ) + 47,000 + ( -16,000 ) + ( -8000 ) ] + [ 70,000 - 47,000 ]
= $76,000
Hence we can conclude that the total assets = $76,000 and the effects of the events is shown using the horizontal statement model.
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Some examples of a content management system (CMS) are:
- WordPress,
- Joomla,
- Drupal,
- Wix,
- Ghost.
<h3>What is
content management system?</h3>
This refers to the software that helps users create, manage, and modify content on a website without having to code.
Hence, we can see that Some examples of a content management system (CMS) are:
- WordPress,
- Joomla,
- Drupal,
- Wix,
- Ghost.
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The apparent weaknesses in the corporate governance practices of Advanced Disposal Services Inc. is the lack of a clear company policy regarding the tenure of company directors.
<h3>What is the problem facing Advanced Disposal Services Inc?</h3>
They have a problem with their long-serving non-executive director and they are at a loss on what to do because they do not have a clear company policy regarding how long a member of the board should serve.
Hence, we can see that the solution to this would be to draft a company policy that is easily understood and can be enforced and add a time limit for serving board members.
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The rational answer would be: A. <span>increase the money supply and encourage economic growth.</span>