Contraband, or a hidden drug smuggle item. Or poisoned.
Possibly could contain a contaminant unknown to the U.S. Or substance.
Answer:
contra-assets account.
Credit balance
balance sheet
permanent account.
Explanation:
The allwoance is an account used to adjust accounts receivable to a net value therefore, it is used as contra-asset (to adjust an asset)
Therefore, as assets normal balance is debit a contra-assets in order to adjsut will use credit balance.
<em>Notice:</em> contra-assets decrease the net value of the assets They never increase it. If the princip0al asset increase then, the accounting would use the main asset account, not the contra-asset
Lastly, as it adjsut an asset it will be find in the balnce sheet or in the note to the balance sheet to disclosure the procedure to arrive to net accounts receivables
As it is find in the balance sheet is a permanent account His balance passes through the acouting cycles
<u>Calculation of retained earnings beginning balance:</u>
Retained earning beginning balance can be calculated using the following formula:
Retained earnings ending balance = Retained earning beginning balance + Revenue – Expenses - Dividends
Hence using the given information we can solve the equation as follows:
3,050 = Retained earning beginning balance + 1935 – 1065 - 550
3,050 = Retained earnings beginning balance +320
Retained earnings beginning balance = 3050-320 = $2,730
Hence, Retained earnings beginning balance is <u>$2,730</u>
<u>True</u><u>, If total spending rises from one year to the next, then the </u><u>economy </u><u>must be producing a larger output of </u><u>goods and services.</u>
If nominal GDP rises from one year to the next, what does that mean?
- Changes in prices and changes in quantity both contribute to the nominal GDP's annual growth.
- the market value of completed products and services calculated using prices from the base year.
What does nominal GDP mean?
- A measure of economic output in an economy that accounts for current prices is called nominal GDP.
- The rate of price increases and inflation, which can inflate the growth rate, are not taken into account.
Learn more about GDP
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Answer: B. $900; $1000
Explanation: This would be the answer because you are spending more than you can afford to pay, and are likely being the victim of predatory lending.