Answer:
Monopolies are not allowed. They are illegal because they stunt competition in the market. The United States government does not allow it.
It goes to the stockholders
Answer:
Calculation of the amount of cash to report in the balance sheet
Particulars Amount
Currency located at the company $800
Short-term investments that mature $1,700
within three months
Balance in savings account $7,500
Checks received from customers $400
but not yet deposited
Coins located at the company $100
Balance in checking account <u>$5,200</u>
Cash at the end of the year <u>$15,700</u>
Thus, the amount of cash to report in the balance sheet is $15,700,
Note: Supplies ,account receivables and prepaid rent are current asset of the company other than cash. Equipment are non cash