Answer:
C
Explanation:
This balance sheet equation is incorrect, Assets minus Current liabilities = Longminusterm liabilities
Answer:
Bonds are a far more important source of financing than are stocks
Explanation:
There is so much of risk associated with the issue of stock. Though it is essential for any business to issue some stock, but bonds are always favorable as they have a defined maturity, defined amount associated, and defined interest payment.
There is no direct payment of interest in bonds but the expense is to be recorded in books as per the matching and accrual principle.
The discounted value of interest to be paid on maturity is recorded.
Further, there is a tax benefit on bond payments.
Answer:
Survival of the fittest
Explanation:
Survival of the fittest, term made famous in the fifth edition (published in 1869) of On the Origin of Species by British naturalist Charles Darwin, which suggested that organisms best adjusted to their environment are the most successful in surviving and reproducing. Darwin borrowed the term from English sociologist and philosopher Herbert Spencer, who first used it in his 1864 book Principles of Biology. (Spencer came up with the phrase only after reading Darwin’s work.)
Answer:
$17,450
Explanation:
The antique painting that was bought in January 1996 was sold for $21,000
It was sold for 4,200 in January 2021
It received a net auction fee of 650
Therefore the allowable loss can be calculated as follows
= 21,000-4200+650
= 17,450
Hence the allowable loss is $17,450
Answer:
One of the differences between hospital and factory capacity is that a hospital can add capacity easily by adding more staff and beds. A factory is usually technologically limited and therefore must plan well in advance to add capacity.
Explanation:
