What we own are asset, adjustments ensure that asset balances are reported
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What is an asset?</h3>
An asset is of worth that has economic value and future benefit. An asset can serve as a source of income generating money for present and future endeavors.
Therefore, what we own are asset, adjustments ensure that asset balances are reported
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The account should be opened as Joint Account With Tenants In Common.
<h3>Joint Account With Tenants In Common</h3>
in these Joint accounts with tenants in common A Totten Trust is a payable on death bank account. Such an account allows the owner to leave funds to a named beneficiary (or beneficiaries), avoiding probate. The only problem is that it can't be used for brokerage accounts - it is only for bank accounts. To accomplish what the couple wants requires that a joint account be set up as tenants in common, with the percentage ownership split between the husband and wife. Then the husband must have his own will, leaving his share to his natural children; and the wife must have her own will, leaving her share to her natural children.
If an account is opened as a Joint Account with Tenants in Common, there is a specified ownership percentage for each tenant. Upon death of 1 tenant, that person's percentage goes to his or her estate, is passed by will and must go through probate (where someone could contest the transfer).
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Answer:
No. Date Accounts titles and explanation Debit Credit
(a) Jan. 6 Accounts receivable $7,600
Sales $7,600
Jan. 16 Cash $7,296
Sales discounts($7,600 * 4%) $304
Accounts receivable $7,600
(b) Jan. 10 Accounts receivable $13,300
Sales $13,300
Feb. 12 Cash $6,650
Accounts receivable $6,650
Mar. 10 Accounts receivable $133
Interest revenue(6,650 * 2%) $133
Answer:D) Rational, efficient, ideal organization based on principles of logic.
Explanation:Max Weber was a modern twentieth century Sociologist who proposed the Bereaucracy theory, according to Max Weber, Bereaucracy is the basis for the systematic formation of an organisation and Bereaucracy is designed to ensure efficiency and economic effectiveness is achieved. According to Max Weber, Bereaucracy is an ideal model for management and its administration to bring an organisation's power structure into focus when executing jobs or activities.
Like Max Weber, Tammy shares the same view that Bereaucracy is a Rational, efficient, ideal organization based on principles of logic.
