Answer: Assets are listed in descending order of liquidity
Explanation:
According to accountant principles, the assets are always listed starting with the most liquid asset. It has the special purpose of helping to the shareholders and company owners to know what assets are easily sold and become in cash flow. The most liquid asset is always the cash, it is the first in the list. Commonly the second asset listed is the inventory, then we have ththe realizable value ( it includes bonds, stocks and other stock market elements), followed by the elements available for sell, at the end we can find listed long term resources including fixed assets and intangible assets.
The answer to this question is: overdraft fee
Overdraft fee is a fee that charged by the Banks everytime you make a transaction through your account.
Unlike any other option above, overdraft fee could happen more than once a day depending on how the owner use it, so it will be most likely to be the highest
Answer:
Net decrease in prepaid expenses of $30,000 will be added to the net income in adjustments to net income because it will be considered that working capital (inventory or any other expense) has been generated by the operations.
Net decrease in Accounts payable of $20,000 will be deducted from net income in adjustments to net income because decrease in accounts payable means that cash has been paid to the outstanding payables.
Net effect of the above transactions is $30,000 - $20,000 = $10,000
So, net income will be increased by $10,000 as net effect of the above adjustments.
Answer:
On her way to work, Emma reaches an intersection without signs or signals. After stopping completely, she should look around all the sides for the traffic. She should make sure there is no traffic coming, then she look for the Zebra Crossing, if there is any, then she should try crossing it, when the traffic allows her doing so, otherwise, she needs to make sure when it is safe to cross the junction in all ways, making sure that traffic stops for her when she cross the road. She needs to demonstrate the patience which is the main key here.
