Answer:
Revenue is basically the income produced by business operations, and assets are resources with economic value owned by people or organizations which would provide future benefits.
Therefore, when analyzing income statement accounts, the base is usually revenue, and for balance sheet accounts, the base is usually total assets.
Answer:
The answer is c) expenditure approach.
Explanation:
This approach assumes that the final amount of products and services equals the amount spent on them. It is the most common way to measure a country's GDP, and as the passage explains, takes different factors into account (e.g. consumer and government spending). These factors are then added up, and the result indicates the general expenses in a period of timme.
Answer:
Proximity - nearness to something
Patron- a wealthy person who supports an artist or writer
secular- worldly,not religious
Classical- relating to the civilization of ancient Greece and Rome
Renaissance- a period of tremendous change that lasted from about 1300 to 1600
Sugar and Tobacco and Indigo
