Answer:
(B) debits Land and Building and credits Common Stock.
Explanation:
As with the acquisition of land and building, there is an increase in asset called land and building and for this the land and building account will be debited.
Further, after this since the assets are acquired in exchange of common stock, there is issue of common stock, which shall be credited, as increase in common stock is credited.
Therefore, assets land and building will be debited and common stock will be credited.
Soft skills : attitude, communication,
creative thinking, work ethic teamwork,
networking, decision making, positivity, time management, motivation, flexibility,
problem-solving, critical thinking, and conflict resolution.
The governmental action which would eliminate some or all of the inefficiencies that results from monopoly pricing is; Choice B; Prohibiting the monopoly from price discrimination.
Discussion:
Price discrimination is a microeconomic pricing strategy where identical or largely similar goods or services are sold at different prices by the same provider(monopoly) in different markets.
In essence, when the government prohibits the monopoly from price discriminating, some of the inefficiencies of monopoly are eliminated.
Read more on monopoly;
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Answer: Unit of account
Store of value
Medium of exchange
Explanation: Money has three functions:
Unit of account
Store of value
Medium of exchange
Unit of Account- Money can be used as a measure in determining value of goods and services. Norah compared the price of the dress to determine the dress costs less.
Store of value- money retains it value over periods of time, therefore it can be used to store value. Norah is saving money in a piggy bank.
Medium of exchange - money is used to facilitate transactions: it can be used to exchange for goods and services. Norah exchanged money for a dress.
I hope my answer helps.
Measuring performance relative to planned objectives and standards is part of controlling.
<h3>What is controlling?</h3>
Controlling helps to manage, supervise or oversee a given task or assignment.
It helps to measure how far or well a given task has been done relative to the target.
Therefore, Measuring performance relative to planned objectives and standards is part of controlling.
Learn more on controlling here,
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