Answer:
($500) = NA + NA + ($500)
Explanation:
In this question, the following accounting equation is used
Assets = Liability + common stock + retained earnings
As in the transaction, it is given that $500 cash is paid for advertising expense, so this event would be affecting the accounting equation for asset and the retained earning account i.e
($500) = NA + NA + ($500)
As cash is paid which reduces the asset balance plus the retained earning balance is also get reduced by $500
Answer:
Age weighted 529 plan.
Explanation:
This approach of or form of child investment option is said is seen to be of a form of protection to parents who has older children while patents that their wards are younger are seen to cash out on greater returns in future time which is seen to occur by maintaining higher concentration in stocks over time. This is is aid to be of two different types which is the prepaid plan etc. Portfolios of this kind also are seen to possinly include static fund portfolios and age-based portfolios.
Answer:
The correct answer is loyalty.
Explanation:
The fiduciary duty is the legal obligation to act in the interest of another.
The law prohibits the fiduciary from acting in any manner detrimental to the interests of the client, which is entitled to the best efforts of the fiduciary, while the fiduciary must exercise all the care and diligence at his disposal when acting on behalf of the client.
For its part, the breach of the fiduciary duty is when a fiduciary does not fulfill his responsibilities and obligations. In most cases, a third party will handle the claim of the breach of trust to ensure that it is handled correctly. The trustee may also be removed from the position and ordered to pay fines or other forms of compensation to the principal.
Even if a fiduciary claims that he was not aware of his responsibilities, he will still be charged with breach of fiduciary duty if he fails to fulfill his obligations.
Answer: I do not agree with that statement.
Explanation: Auditing is a term used to describe the various processes and activities put in place to review, examine and verify the financial reports and statements of an organisation. When effectively implemented, it has the advantage of ensuring the following.
I. Improved quality of financial statements
II. Reduced chances for fraudulent activities.
III. Proper documentation and reporting of daily Transactions.
IV. Improved monitoring and evaluation of the financial activities of an organisation.
V. It is a statutory requirements and obligation for Business Organisations.
VI. It will help to make the financial records of an organisation to be more accessible and transparent.
Many organisations have continued to Implement periodic audits and make it part of their processes, system and policy as it has benefited them and helped them to comply with statutory regulations and obligations.
The office of vocational and adult education (OVEA) states that almost all high school students take at least 1 CTE course, and 1 in 4 students take 3 or more courses in a singled programmed area.
