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iren2701 [21]
2 years ago
13

Which of the following is a positive​ statement?

Business
1 answer:
blsea [12.9K]2 years ago
4 0

Answer:

Only Statements B and C are positive statements.

Explanation:

Here we are given a set of statements and we have to find out which all are positive statements,

Positive statements are objective statements that can be tested, amended or rejected by referring to the available evidence.

The first statement is just an opinion of some person and hence not a positive statement.

The second statement has solid evidence and can be considered as a positive statement.

The third statement is also positive statement.

The fourth is again an opinion and hence is not a positive statement.

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Closure is the property of an operation and a set that the performance of the operation on members of the set always yields a me
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Answer:

Set.

Explanation:

Closure property in algebra asserts that 'when an operation(multiplication, addition) takes place among the members of a set, the result produced would surely be a member of that same set.' For example, if we add or multiply two real numbers(members of the same set), the result would be a real number for sure(a member of the same set). It implies that 'real numbers are closed under multiplication and addition.' While if I subtract two real numbers, I may or may not get a real number. Thus, the real numbers are closed under subtraction.

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Sinclair Manufacturing Company experienced the following accounting events during its first year of operation. With the exceptio
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Answer:

Please see the attached image for the Horizontal Financial Statements of Sinclair Manufacturing Company.

Explanation:

5. FURNITURE - Straight Line Method

Book Value of Furniture = Cost of Acquisition - Residual Value

Cost of Acquisition = $9,600

Residual Value = $1,600

Book Value of Furniture = $9,600 - $1,600

Book Value of Furniture = $8,000

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Depreciation Expense = $8,000 / 4 years

Depreciation Expense = $2,000 per year

6. EQUIPMENT - Straight Line Method

Book Value of Equipment = Cost of Acquisition - Residual Value

Cost of Acquisition = $16,000

Residual Value = $1,000

Book Value of Furniture = $16,000 - $1,000

Book Value of Furniture = $15,000

Useful Life = 5 years

Depreciation Expense = $15,000 / 5 years

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3 years ago
A $50,000 note payable is retired at its $50,000 carrying (book) value in exchange for cash. The only changes affecting retained
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Net cash flow from operations $143,310

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Explanation:

Please refer to the attached for detailed prssentation

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Sam works as a tax preparer for a local accounting office. What kind of education
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