Answer and Explanation:
The adjusting entry is as followS:
Rent expense $2,500
To Prepaid rent $2,500
(Being rent expense is recorded)
Here the rent expense is debited as it increased the expenses and credited the prepaid rent as it decreased the assets
The rent for one month is
= $15,000 ÷ 6 months × 1 month
= $2,500
An increase in government spending raises income (B) in the short run, but leaves it unchanged in the long run, while lowering investment.
<h3>
What is government spending?</h3>
- All government purchases, investments, and transfer payments are included in what is known as government spending or expenditure.
- Government final consumption spending is defined in national income accounting as the purchase by governments of goods and services for immediate consumption, to primarily meet the individual or collective needs of the community.
- Government investment is defined as the purchase of goods and services by the government with the intention of generating future benefits, such as infrastructure investment or research spending (government gross capital formation).
- Together, these two categories of government spending—on final consumption and gross capital formation—make up one of the primary parts of the GDP.
Therefore, an increase in government spending raises income (B) in the short run, but leaves it unchanged in the long run, while lowering investment.
Know more about investments here:
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the answer i prefer is either A OR E ...cause without identifying the costs of a business u can't really run a bs successfully
Answer:i would say weakness if its a choice
Explanation:
Answer:
No adjustment in records can be made until the asset is sold.
Explanation:
This is an example of cost concept. Assets are generally recorded at cost and remain on the accounting records at cost until they are disposed of. Future economic condition may change this appraised value, and therefore no adjustment in records can be made until the asset is sold.
