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3 years ago

Difference between assets and liabilities.

Business

1 answer:

Alinara [238K]3 years ago

8 0

Answer:

see below

Explanation:

Assets are the things a person or a company owns. They are items precious to a business or an individual. Assets are things that can be assigned a monetary value. They are in the form of cash, properties, money market securities, machinery, plants and equipment, intellectual property rights, and many others.

Liabilities are money a business or person owes others. They are loans, debts, and obligations that need to be paid. Common liabilities include bank loans, unpaid utilities, and creditors such as suppliers.

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kondor19780726 [428]

Answer:

no, i wouldn't

Explanation:

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3 years ago

EA5.

katrin [286]

Answer:

$4,500

Explanation:

Given that,

Beginning balance of work in process = $4,000

Ending balance of work in process = $3,000

Direct labor:

= Cost of goods manufactured + Ending balance of work in process - Beginning balance of work in process - Material used - Overhead applied

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Note:

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4 years ago

Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials quantity

Monica [59]

Answer:

$6,000 Unfavorable

Explanation:

Actual Quantity = 243,000 lbs

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Hence,

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= (243,000 - 240,000) × $2

= $6,000 Unfavorable

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3 years ago

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Explanation:

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3 years ago

What is common stock ? in your own words.

vodomira [7]

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3 years ago

Read 2 more answers