Answer:
1.C 2.D 3.A 4.E 5.G 6.A 7.G 8.H 9.E 10.B
Explanation:
Interest expense is classified under expenses in the Income statement.
Assets such as patents, trademarks fall under intangible assets.
Assets such as inventory and prepaid rent fall under current assets, which are assets that are cash already or can easily be converted into cash within a year.
Land held for investment is classified as long term investment, which is investment that a company will hold for more than a year. To make it easier to remember you should think of land as a non current asset which is an asset that takes longer than a year to be converted into cash.
Accumulated depreciation is classified under Property, Plant and Equipment because these are the assets that depreciate.
Your payable accounts will be classified as current liabilities because the amounts are outstanding in other words you owe the amount.
Retained earnings are part of the shareholders' equity because it is the net income from the business operations. In addition the dividends amount is deducted from retained earnings.
Answer:hgjugvycuuhubhbhhb
Explanation:gvrdedbuhgfryyikjngvfvtfvrt
Federal spending that is authorized by permanent laws and does not go through the annual appropriation process is called mandatory spending.
<h3>
What does mandatory spending signify?</h3>
Government spending that is subject to eligibility standards established by Congress is known as mandatory spending. Social Security, Medicare, and unemployment insurance are a few examples. All spending that does not occur through appropriations legislation is referred to as mandatory spending. Spending that is necessary includes contributions to entitlement systems like Social Security and Medicare as well as required interest payments on the national debt. Government expenses for legally required programs are considered mandatory spending. Major fiscal trends are heavily influenced by mandatory spending. Government income decrease and spending increases during economic downturns as more people become eligible for required programs like Income Security and Unemployment Insurance. Deficits thus grow or surpluses decline as a result.
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Answer:
a. H0 : U ≥ 15
Ha : U < 15
b. Type I error is incorrectly conclude that the pain is reduced in less than 15 minutes.
c. Type II error is fail to conclude that time for pain reduction is less than 15 mints when actually its less than 15 minutes.
Explanation:
Null hypothesis is a statement that is to be tested against the alternative hypothesis and then decision is taken whether to accept or reject the null hypothesis.
Type I error is one in which we reject a true null hypothesis.
Type II error is one in which we fail to reject the null hypothesis that is actually false.
Answer: Limited liability company
Explanation: It refers to a hybrid structure for firms which have the characteristics of both company and partnership. The limited liability characteristics is a feature of a company while the tax treatment is done as similar to a partnership.
In the given case, Sally and Alicia are equal general partners and wants to change their unlimited liability structure.
Hence from the above we can conclude that the correct option for them is limited liability company.
