Answer:
Cone Corporation
Partial Balance Sheet
As of December 31, 2018
Assets:
Current Assets:
Prepaid Rent $22,000
Investment in marketable securities $60,000
Long-term Assets:
Prepaid Rent (long-term) $22,000
Restricted Funds for Bonds $70,000
Investment in marketable securities $60,000
Liabilities:
Current liabilities:
Notes Payable $40,000
Accrued Interest Payable $32,000
Long-term Liabilities:
Notes Payable $200,000
Explanation:
Cone's assets and liabilities are re-classified according to whether they are short-term or long-term in order to present more accurately the elements of the financial statements.
Answer:
a. Michelle moves her food truck between various locations on a daily rotation. Last week, Michelle was stopped for speeding. She paid a fine of $240 for speeding, including $195 for legal advice in connection with the ticket.
Deductible amount $195
b. Michelle paid $865 to reserve a parking place for her food truck for the fall football season outside the local football arena. Michelle also paid $210 for tickets to a game for her children.
Deductible amount $865
c. Michelle provided a candidate with free advertising painted on her truck during the candidate’s campaign for city council. Michelle paid $960 to have the ad prepared and an additional $660 to have the ad removed from the truck after the candidate lost the election
Deductible amount $0
Answer:
1.to answer the three key questions of economics
2.to help countries respond to the issue of scarcity
AND 3.to help make decisions concerning what, how, and for whom things are produced
Explanation:
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Answer:
Government tax revenue minus the sum of government purchases and transfer payments to households.
Explanation:
Public saving, otherwise called the budget surplus, is the term (T − G − TR), which is government income through taxes, minus government consumptions on products and enterprises, minus transfers.
