Answer:
The correct answer is letter "D": Closing purchase.
Explanation:
Traders buy back an asset that was previously purchased to close that position. In such cases, traders have a short position of the asset, which implies they are expecting the price of the asset to go down to make a profit. When talking about options, the option buyback allows the trader to exit the position closing the purchase.
Answer:
Most likely
Explanation:
Artesian or spring waters come from a natural source but are bottled off-site and are processed and purified. Mineral water could be natural spring water or artesian water, comes from an underground source, and contains at least 250 parts per million (ppm) of dissolved solids, including minerals and trace elements.
Artesian water is just water that naturally flows out of the ground, usually through a well. Springwater is also water than naturally flows out of the ground. ... Most drillers and laymen label waters as 'artesian' if they rise naturally to a level above the ground surface, and if unrestricted, flow freely out.
Answer:
None of these is correct
Explanation:
None of these is correct. The correct answer is that; it should be minimax
Answer:
b) No, the correct entry would be a debit to Maintenance and Repairs Expense and a credit to Cash.
Explanation:
Any expense will be capitalized when it increases the capacity and efficiency of the asset. A routine repair cost is incurred in order to keep the asset operational to generate income for the business.
To record the repair cost we need to debit the Maintenance and Repairs Expense and crediting cash ( assumed cash payment is made for the repairs ). We should not capitalize this cost by debiting the asset cost account.
