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kicyunya [14]
3 years ago
6

State the accounting equation.

Business
1 answer:
schepotkina [342]3 years ago
5 0
Shareholders' Equity = Assets – Liabilities where the rearrangement reflects the residual claim of equity owners.
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The following transactions occurred during July:
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The amount of revenue for July is $1,515.

  • The computation of the amount of revenue for July is as follows:

= Cash received during July month + provided service to the customer on credit

= $1,020 + $495

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Therefore we can conclude that the amount of revenue for July is $1,515.

Hence, option d is correct.

Learn more about the revenue here: brainly.com/question/8645356

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Wyatt is a businessman. He often travels to different places for business purposes and spends money on hotel stays and get-toget
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4 0
3 years ago
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An increase in the rate of expected inflation will Group of answer choices shift the demand for loanable funds to the left (down
Brums [2.3K]

Answer:

shift demand and supply for loanable funds to the right (up), increasing interest rates.

Explanation:

According to the Fisher hypothesis when there is an increase in the expected inflation there is an equal increase in nominal interest rates.

As interest rates rise demand and supply for loanable funds will rise. This is illustrated in the attached diagram. Interest rate moves from i0 to i1.

Inflation is a reduction in the purchasing power of money. When inflation increases money regulation agencies reduce supply of money as a way to reduce price increase. This in turn reduces the amount of loanable funds commercial banks have to give out

4 0
3 years ago
A company's Income Tax Payable account decreased from $14 million to $12 million during the year. If its income tax expense was
Flura [38]

Answer:

A cash outflow of $82 million is correct answer

Explanation:

Options:

A cash outflow of $12 million.

A cash outflow of $78 million.

A cash outflow of $80 million.

A cash outflow of $82 million.

(Hope this helps can I pls have brainlist (crown)

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3 years ago
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