Answer:
The correct answer is (D)
Explanation:
The most and critical use of money is that it can be used as a medium of exchange. Likewise, the main reason why money is considered as an essential factor is that it can be traded for any good or service. So, commodity money is a good that can be used as a medium of exchange or for some other purpose.
Answer:
The correct answer would be C, No Effect.
Explanation:
In Balance Sheet, there are two sides, one side contains Assets and Liabilities, whereas the other side contains Owner's Equity. When ever there is a change in the accounts head, the changes are reflected in the balance sheet or the concerned financial statement. In this question, The company purchases equipment, which is an asset, from cash. This transaction can be shown by the following entry:
Debit Credit
Equipment(Asset) Cash
In this entry, we can see that cash is being credited, which means, owners equity is decreased, but at the same time, equipment is debited, which means assets are increased, and when assets increase, it means owners equity is increased. So there won't be any effect on the owner's equity because equity is just converted from cash to assets. There will be no increase or decrease in the owners equity. It will remain same.
Answer:
A. $53,167
Explanation:
The computation of the depreciation expense under the straight-line method is shown below:
= (Original cost - residual value) ÷ (useful life)
= ($328,000 - $9,000) ÷ (6 years)
= ($319,000) ÷ (6 years)
= $53,167
In this method, the depreciation is same for all the remaining useful life.
The estimated useful life in units is used in units of production method. Hence, it is ignored here.
One of the country, according to Immanuel Wallerstein that is currently many countries whose production is leased or owned by dominating countries but the workers in these countries do not share the same rights and privileges that United States workers do, that country would be A. Vietnam.
Explanation:
You will have to compare the Accounts payable of the <em>current and previous year,</em> and check the diference.
If the current year Account Payable is higher then the previous year, this means Google didn't pay as much, so it "save" cash for that diference so the diference will be positive.
If the opposite ocours, then Google pay more than previous year, so the diference will be posted as negatinve in the cash flow statment.
Accrued Expenses for this account, when doing the comparrison, if current is higher this means Google didn't pay as much expenses as it should be, so it save cash, the diference will be posted as positive.
If the actual is smaller, then Google pay more and the diference is posted as negtive.
Resuming, compare current with previous for each account,
- when current is higher then adjustment is positive (save cash)
- when previous is higher then adjustment is negative(use cash)
