Answer:
Inventory
Explanation:
A periodic inventory system is an efficient method to record the sale and purchase of inventory. It is a method which instantly using accounting software to record an entry. In the periodic inventory system, the cost of purchases is debited to an inventory account. The reason is that the purchase of goods increases the inventory, which is why the cost of purchases is debited to an inventory account.
Answer:
$1,667.67
Explanation:
Given:
Balance in savings account at the beginning of the year = $2,000
Price level at the beginning of the year = 100
Price level at the end of the year = 120
Anything that is worth $120 in the beginning of the year is worth $100 at the end of the year.
Anything worth $1 in the beginning is worth 100/120 at the end.
So, $2,000 is worth 
= $1,667.67 at the end of the year.
Real value of savings is close to $1,667.67.
Answer:
The balance in the Treasury Stock account reduces total Stockholders' Equity
Explanation:
Treasury stock also known as reacquiring stock refers to outstanding shares which were previously owned by a company which is then bought back by shareholders of that company. Treasury stock do not have much value but provide means of raising the price of share which in turn provides profits for investors.
Treasury stock is normally recorded in the shareholders equity section of the balance sheet representing the number of repurchased shares from the open market, thereby reducing shareholder's equity by the amount paid for the stock
Correct Answer : C; High employment and price level stability.
The answer to this question is (<span>b.) a social element to reflect what is morally right and worthwhile.
The companies use this tactic in order to gain favour from potential customers by aligning their value with the customers'. When customers feel that a company is reflecting all the values that they believe in, they will be more likely to be loyal to that company and keep buying their products</span>
