Answer:
b. Enterprise fund and depreciation on the capital assets should be recorded.
Explanation:
Cash flow can be defined as the net amount of cash and cash- equivalents that is flowing into (received) and out (given) of a business. There are three components of the cash flow;
1. Operating cash flow: all cash generated from the business activities of an organization.
2. Financing cash flow: all payments made by an organization and profits from issuance of debts and equity.
3. Investing cash flow: costs associated with purchasing of capital assets and investments of cash resources in other businesses.
Capital assets used by an enterprise fund should be accounted for in the enterprise fund and depreciation on the capital assets should be recorded.
Additionally, depreciation can be defined as the reduction of cost of a fixed asset systematically until the value of the asset becomes zero.
A public enterprise is an industrial or commercial undertaking which the government owns and manages. Also, the primary objective of such an enterprise is social welfare and upholding the interest of the general public
It is a well-known fact that water is a basic need of a human being in order to survived. Generally, a person is known to survive for only 3 days without water. Thus, the best thing that I would send to a person who bought a house with no water is any amount of water which will allow them to survive until they procure their own supply.
The answer you are looking for is a planned economy
Answer:
The solution to the following problem is done below.
Explanation:
a) Journalize the entries to record the admission of adam to the partnership.
Account Title Dr Cr
Kala, Capital 20,000
Adam, Capital 20,000
Cash 10,000
Kala, Capital 8,000
Leah, Capital 6,000
Adam, Capital 24,000
b) Immediately after adam's admission to the partnership, leah sells one-fourth of her interest to denton for $35,000. journalize the entry to record the transaction.
Account Title Dr Cr
Leah, Capital 13,500
Denton, Capital 13,500
