<span>External users are people outside the business entity (organization) who use accounting information. Examples of external users are suppliers, banks, customers, investors, potential investors, and tax authorities.</span>
Answer:
False
Explanation:
A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on periodic basis.
The first step of the budgeting process is to prepare a list of each type of income and expense that will be part of the budget.
A lifestyle can be defined as the way and manner an individual chooses to live his or her life. Similarly, a lifestyle budget comprises the cost of goods and services an individual has chosen to spend his or her money on.
Basically, completely eliminating an item isn't the only way to decrease a lifestyle budget because there could be similar items that even cost way more than the eliminated item.
Some of the benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.
Answer:
1. Record the transaction assuming Clothing Frontiers has no-par common stock.
January 1, issuance of 600 stocks
Dr Cash 24,000
Cr Common stock 24,000
April 1, issuance of 100 stocks
Dr Cash 4,400
Cr Common stock 4,400
2. Record the transactions, assuming Clothing Frontiers has either $1 par value or 41 stated value common stock.
January 1, issuance of 600 stocks
Dr Cash 24,000
Cr Common stock 600
Cr Additional paid in capital 23,400
April 1, issuance of 100 stocks
Dr Cash 100
Cr Common stock 100
Cr Additional paid in capital 4,300
<span>The
gap in ease of access to technology is known as the digital divide. This is the
gap of the access to modern information and communications technology of the
different regions and countries. Some countries even have restricted access to
some information.</span><span />
