Answer:
7 reasons why businesses should be aware of the political legal environment are as follows:
1- Businesses do not cease to be part of a much larger environment, which is the nation as a whole, with which what happens in it will affect business to a greater or lesser extent.
2- Many times, the political interests of certain sectors can favor or harm certain businesses, with which businessmen must be attentive to those interests.
3- Politicians are the ones who give confidence in the country to foreign investors, with which their policies can increase or restrict competition from local investors.
4- The generation of employment that arises from a favorable political and legal environment means that businesses have the necessary workforce to maximize their production.
5- The political and economic stability allows the reinvestment of the profits of the entrepreneurs and their businesses.
6- The existence of productive development plans and other subsidies to productive companies can be used by businesses as a government aid to maximize their production.
7- In short, the stability of the nation will make it easier for businesses to prosper, while political stability usually entails economic stability.
Answer:
New Equipment $5,800 (debit)
Old Equipment - Accumulated depreciation $9,000 (credit)
Old Equipment at Cost $12,000 (credit)
Gain on echange of Equipment $2,800 (credit)
Explanation:
Accoring to IAS 16 :
If a transaction has a <em>commercial substance</em>,
Acquired Equipment is measured at fair value of asset given up. ( if fair values of acquired and given up asset can be determined reliably)
If fair value of Asset Acquired is more evidentn then Asset acquired is measured at fair value of Asset Acquired.
<u>JOURNAL</u>
New Equipment $5,800 (debit)
Old Equipment - Accumulated depreciation $9,000 (credit)
Old Equipment at Cost $12,000 (credit)
Gain on echange of Equipment $2,800 (credit)
I think it means your personal goals like what you what to do in life.
The bankruptcy public record is deleted from the credit report either seven years or 10 years from the filing date of the bankruptcy, depending on the chapter you filed. Chapter 13 bankruptcy is deleted seven years from the filing date because it requires at least a partial repayment of the debts you owe
Answer:
The goal of the bank reconciliation process is to find out if there are any differences between the two cash balances. ... A monthly reconciliation helps to catch and identify any unusual transactions that might be caused by fraud or accounting errors, especially if your business uses more than one bank account.