Answer:
Land $210,000 (debit)
Land Improvements $42,000 (debit)
Building $ 168,000 (debit)
Cash $ 420,000 (credit)
Explanation:
Recognise the Assets Purchased separately at their appraised amounts to reflect inflow of economic benefits and de-recognise the Asset Cash to reflect outflow of economic benefits.
Since Gretchen does most of her work at home and seldom go to office, Gretchen have become independent contractors.
<h3>Who is an independent contractor?</h3>
An independent contractor serves as a self-employed person, who is a consultant that provides services to other organization.
Therefore, under Common law principles, independent contractor can be regarded as a status involving method of payment.
Learn more about independent contractor at;
brainly.com/question/25950911
Answer:
c. 25 percent.
Explanation:
The computation of the reserve requirement percentage is shown below:
Given that
Deposits made = $8,000
Loans = $6,000
So the required reserve is
= deposits made - loans
= $8,000 - $6,000
= $2,000
Now the required reserve is
= $2,000 ÷ $8,000
= 25%
Hence, the correct option is c. 25 percent
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
The statement is absolutely wrong.
Explanation:
The reason is that the just like humans, a company is also part of the society and so it owes a duty of care towards them. The least that an organisation can do is to compensate the stakeholders that are harmed by their operations.
In the nutshell, the animals and plants are also part of our society and they have an equal right to live on this planet as we have. The least the company can do is not harm them or if it harms them due to its negligence then it should compensate them.
Answer:
The Current Account Balance of Country A will improve
Explanation:
As for the provided information the citizens of the country will save more as there is a positive shock. Accordingly the citizens shall save more, as the real is not changed the balance due to savings will increase of the current accounts.
This is reflected clearly in statement 1, this is because with the same real rate of interest the balance will increase, of current accounts and as a result it will improve.