Answer:
$24,431
Explanation:
Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.
If the company failed to record a depreciation expense of $3,686 on equipment, the retained earnings would have been overstated as a result of the overstatement of the net income.
the movement in the retained earnings may be expressed as
opening balance + net income - omitted expense - dividend declared = closing balance
hence the closing balance
= $18,180 - $3,686 +$14,406 - $4,469
= $24,431
As in banks, probably Credit Unions
Answer:
The correct answer is True.
Explanation:
A competitive market is one in which there are many buyers and many sellers, so each one has an insignificant influence on the market price. Each seller controls the price to a limited extent, as others offer similar products. You have few reasons to charge a lower price than the current one, and if you charge more, buyers will go to others. Also, no buyer can influence its price, since each one only buys a small amount.
Answer:
Look at explanation.
Explanation:
If they make music at guitar piano and harmonium then their music will be best .
They can earn money if they have soft voice with nice tune of music.
