Answer:
B. The service increased assets and increased stockholders’ equity.
Explanation:
Revenue is earned as immediately the service agreed by the parties involved has been delivered whether cash has been collected or not.
The accounting equation shows the relationship between the elements of the balance sheet namely the assets, liabilities and equity.
Given that Boone’s Cleaning Service performed cleaning services during December 2014, but had not collected any cash from its customers as of December 31, 2014, the amount earned is recognized in revenue and accounts receivables as credits and debits respectively.
The effect of this on the accounting equation is an increase in equity(via revenue earned) and an increase in assets (account receivables)
Answer:
Unrealized gains and losses treatment:
Available for sale - recorded in OCI
Held till maturity - not recognized in financial statements until maturity
Held for Trading - Fair value through profit and loss
Explanation:
There are three categories of financial instruments. Available for Sale AFS, Held for trading HFT and Held till maturity HTM. Financial instruments are classified in these categories and then treatments is according to their classification. IAS 39 and IFRS 9 have provided complete guidelines for the treatment of the financial securities.
B. using an emotional appeal to help sell the product.
All economic questions and problems arise from <span>C. scarcity. scarcity is defined as the lack of resources and is the opposite of abundance. If scarcity such as famine is experienced by a country or nation, there arise questions why such state happened</span>
Answer:
b. relative comparisons
Explanation:
Based on the information provided within the question it can be said that in this scenario Gloria is most likely using relative comparisons to make a rational decisions. This refers to a comparison between two variables, while at the same time taking into account the "size difference" between them. Which in this case that "size difference" pertains to "importance" of each aspect that she needs to consider.
