Answer:
Assets in a company are those things owned by a company to enable it make profit.
Liabilities refer to those amounts and objects owed to other entities.
Equity refers to amounts and objects that represent shareholder interest. Any item that would be in the income statement is equity related because it is related to the net income which is an equity amount.
1. Accounts Payable - Liability as it is owed by the company .
2. Accounts Receivable - Asset as it is owed to the company.
3. Auto Expense - Stockholders' Equity as it is a part of net income.
4. Common Stock - Stockholders' Equity as it represents ownership in company.
5. Cash - Asset
6. Dividends - Stockholders' Equity as it is money paid to shareholders.
7. Fees Earned - Stockholders' Equity as it is part of the net income.
8. Land - Asset as it is owned by the company to generate profit.
9. Miscellaneous Expense - Stockholders' Equity as it is part of the net income.
10. Supplies - Assets as it is owned by the company to generate profit.
11. Supplies Expense - Stockholders' Equity as it is part of the net income.
12. Wages Expense - Stockholders' Equity as it is part of the net income.
Answer: Restructuring cost
Explanation:
Restructuring cost could be described as making expenses on rejuvenating or reviving or rebranding the company through spendings, which affects most of it's mode of operations, brings a change and innovation and ways to improve existing methods. This is capital intensive due to the work and changes required during the process.
<u>Answer: </u>A deduction for a loss incurred on the sale of a capital asset held for investment is a deduction for AGI.
<u>Explanation:</u>
AGI means the Adjusted gross income in the US tax system. Specific deductions are made from the individuals gross income to arrive at the AGI. the income which is taxable is calculated from the adjusted gross income from which personalized exemptions and itemized deductions.
In this case Sara has got a loss of $2,000 on the investment so this amount is deducted as a capital loss for AGI. AGI factors many allowable deductions from the gross income on which the income tax liability is calculated.
As prosperity and economic development rise, individualism increases as well.
Individualism refers to the freedom of someones actions. If the economy is doing well and someone has more money, they are more likely to spend their money freely. The person has moral worth as an individual.
Competitive problems.
If there are not ethics standards in place that are followed by the company, it is hard for businesses to compete on a level playing field.
