Answer and Explanation:
The journal entry for recording the sale of the stock is shown below:
Cash Dr ($51,630 - $600) $51,030
To Investment ($68,850 × 1890 ÷ 2700) $48,195
To Gain on sale of investment $2,835
(Being the sale of the stock is recorded)
Here the cash is debited as it increased the assets, the investment and gain is credited as it reduced the assets but increased the revenue
Answer:
first one is T the second is F
Economies exist when the government controls what goods and services will be produced and how the economy will grow, while economies exist when the market largely determines what goods and services get produced and how the economy grows is communism.
The economy is defined because of the management of economic matters for a network, commercial enterprise, or family. An example of an economic system is the inventory marketplace gadget inside the u.s.a.. cheap to run; uses minimal assets; represents the correct fee for the money. "He offered an economy vehicle."
A country's economic system is the wealth that it receives from enterprise and industry. the Japanese financial system grew at an annual rate of greater than 10 percent. 3. uncountable noun. A financial system is the use of a minimal amount of cash, time, or different resources to acquire something so that not nothing is wasted.
A financial system consists of purchasers who buy services and products, agencies who appoint consumers and make items, and the authorities at various stages who each buy products, hire labor, and levy taxes. Their collective interactions create a simplified economy.
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Answer: It would not appear on the statement of cash flows but rather on a schedule of noncash investing and financing activities.
Explanation:
The Statement of Cashflows only contains transactions that spent or brought in cash. It therefore only deals with cash transactions. This is a noncash investing and financing activity and so it will not be recorded in the Cashflow statement.
The way to record this transaction would be to either record it on a schedule of noncash investing and financing activities or it can be included as a footnote at the bottom of the Cashflow statement.
The answer to this question is "Personality".
When organizations are selecting leaders, research indicates that the PERSONALITY should be considered more important than intelligence. This is the first and the top consideration and this would make the leader more effective in his position.