Answer:
The correct answer is B. the uncompensated impact of one person's actions on the well-being of a bystander.
Explanation:
A transaction involves two parties, for example, consumer and the seller, who are referred to as the first and second parties. Any other party that is not related to the transaction is referred to as a third party. A externality is a cost or gain that is suffered by a third party as a consequence of an economic transaction.
In others words , an externatily is an uncompensated impact of one person's actions on the well-being of a bystander.
Answer: Option B
Explanation:A walk through can be defined as a session done by managers or other such concerned individuals of authority in the organisation. This is done with the objective to verify if there are any requirements that need to be fulfilled.
This process helps the organisation to solve the problem before it gets out of control.
Thus, from the above we can conclude that the correct option is B.
C. Foreign
The face value of a currency compared to its purchasing power against other (inter)national currencies determines the currency’s strength
Answer:
Credit to Prepaid insurance for $400 and Debit to Insurance expense for $400
Explanation:
The journal entry is given below:
Insurance expense ($4800 × 1 ÷ 12) $400
Prepaid Insurance $400
(To record insurance expense)
Here the insurance expense is debited as it increased the expense and credited the prepaid insurance as it decreased the assets
Answer:
b. $120,800.00
Explanation:
Cost of the land $ 600,000/-
Associated expenses:
Razing down the shed: $ 5000
income from scrap: $ 1000
Total expenses $ 4000
The total cost of land =600,000+4000= $ 604,000
Tax allocation: land and building $ 500,000
land allocation will be: 100,000/500,000 x$ 604,000
=0.2x604,000
=$120,800.00
