The total equity is $113,000.
<h3>What is the total equity?</h3>
Equity is the difference between assets and liabilities.
Liabilities are future benefits that would have to be sacrificed in the future by an entity to other entities as a result of past transactions. Liabilities include account payable.
Assets are resources that are used to generate income for the business. Assets include accounts receivable, office equipment and cash.
Equity = ($30,000 + $50,000 + $64,000) - $31,000 = $113,000
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Answer:
A
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
If willingness to pay = price of the good
, then consumer surplus is zero
Answer: True, True, False, C Corp
Explanation:
Qualified dividends may be subject to a marginal tax rate of 23.8 percent (20 percent for the capital gain and 3.8 percent tax on net investment income) for taxpayers with income over a certain threshold.
True
Although corporate income is subject to double tax, in some circumstances, the overall tax rate for corporate income is lower than the tax rate for flow-through income.
True
The corporate tax rate is slightly higher than the top individual marginal tax rate.
False
Losses from which of the following entities are carried forward at the entity level?
C corporation
The community arrangement of a newspaper company publication that was organized in a coordinated way by editors, editorial assistants and reporters, this arrangement will align with the ideas brought by Mary Parket Follet.
<h3 /><h3>Mary Parker Follet Theory</h3>
The American author became known as the "Management Prophet" because her theory was based on a broader idea of organizational democracy, going beyond the concepts of economic man, to develop concepts whose focus was human relations.
Therefore, Mary Parker Follet's theory is based on the development of man as a social and cooperative being, which develops from his relationships and behavior patterns, being contrary to Taylorism and based on the appreciation of each individual and integration of work.
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Answer:
The answer for each requiremnt is given below.
1. Accounts Payable
both debit and credit entries-credit when buying good on account and debit when paying cash against it.
2. Accounts Receivable
both debit and credit entries-debit when selling good on account and credit when paying cash against it.
3. Cash
both debit and credit entries-credit when making payments and debit when receiving cash income.
4. Fees Earned
credit entries only- as fees is earned.
5. Insurance Expense
Debit entries only - as expense is incurred.
6. Steve Campbell, Drawing
Debit entries only - when Steve draws amount from business.
7. Utilities Expense
Debit entries only - as expense is incurred.