Answer:
Liabilities of foreignness is the correct answer.
Explanation:
Answer:
Tiered brand
Explanation:
Tiered branding is a strategy used to leverage a company's reputation for a product line. This develops a distinct identity for the product line.
In the given scenario Sony brand I being leveraged to promote the Sony Walkman.
Usually the common tiered branding is two tiered branding. The top tier is the parent brand while the second tier is the sub brand.
So Walkman is the sub brand that uses the reputation of Sony to boost awareness and sales of the new product.
Retained Earnings = $86,000
Accounting Equation…Assets= Liabilities + Owners Equity
Assets (Cash, acct rec, equipment, building, land) = $421,000
Liabilities (Notes payable, accounts payable)= $260,000
Equity (capital stock) = $75,000
Liabilities + Equity= $335,000
Retained Earnings flows into equity
$421,000-$335,000= $86,000
$335,000+86,000= $421,000
So the equation balances.
Answer:
The answer is given below:
Explanation:
a.
1.Yes
2.Yes
3.Yes
4.Yes
5.Yes
6. Yes
b.
7.No
8.Yes
9.Yes
10.No
11.No
12.No
As a rule of thumb,those costs which increase the value or useful life of asset should be capitalized where as those costs that are incurred to maintain the usage of asset are revenue expenditure and should be charged to income statement not the asset.
