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noname [10]
2 years ago
6

What are the three components of a basic accounting equation? Should a basic accounting formula balance at all times ? If yes ex

plain the reason if it does not balance what does this mean
Business
1 answer:
Kamila [148]2 years ago
7 0
The formula is: Assets = Liabilities + Shareholders' Equity. The three components of the basic accounting formula are: Assets. These are the tangible and intangible assets of a business, such as cash, accounts receivable, inventory, and fixed assets
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Specialization can help a country's economy by:*
Alika [10]

Answer:

D)reducing its need to be self-sufficient,

Explanation:

Specialisation by a country's economy means that it produces only the specialised goods & even export it, import the other goods.

It decreases opportunity costs, decreases cost of voluntary exchanges. Higher level of specialisation implies there is increased labor force division.

However, it reduces need of country to be self sufficient. As, it can gainfully trade its specialised goods for other goods (in which other economy specialises).

3 0
3 years ago
Read 2 more answers
During 2016, Chun's Book Store paid $485,000 for land and built a store in Cleveland. Prior to construction, the city of Clevela
Oksana_A [137]

Answer:

Journalize transactions for the following:

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The building accounts includes the $690,000 (construction costs) + $28,300 (capitalized interests) + $1,400 (building permit) + $15,320 (architect's fees).

c. Depreciation on the building for 2016 Explanations are not required.

Dr Depreciation expense 5,686

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Only the building is depreciated, land is not. Depreciation expense per year = ($735,020 - $337,000) x 1/35 = $11,372. Since Chun can only depreciate half a year, the depreciation expense will be $5,686.

Report Chun's Book Store's plant assets on the company's balance sheet at December 31, 2016.

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What will Chun's income statement for the year ended December 31, 2016, report for these facts?

nothing, since interests were capitalized

4 0
2 years ago
A firm produces two goods q1 and q2. for economies of scope to occur, it must be true that:
Oliga [24]
For economies of scope to occur it must be true that THE COST OF PRODUCING THE TWO GOODS TOGETHER IS LESS THAN THE COST OF PRODUCING THE GOODS SEPARATELY.
The economy of scope is the proportionate savings that is gained by producing two or more different goods together, when the cost of doing so is less than that of producing each separately.
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3 years ago
Water bottle in a feild
alukav5142 [94]

Answer:

ok... thank you for the information

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2 years ago
A company has 100 million shares outstanding trading for $8 per share. It also has $900 million in outstanding debt. If its equi
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Answer: :)

Explanation: :)

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