Answer:
B. Full disclosure principle
Explanation:
Full disclosure principle ensures that all relevant financial information is reported
Danger Mouse Inc. sells $1,300 worth of equipment to Matador Company. The effect of cash on the elements of the Matador Company's fundamental accounting equation is that the total assets remain unchanged.
How much are total assets?
- Current assets and non-current assets, often known as fixed assets, are divided up into total assets.
- Short-term assets known as current assets are utilised to cover current liabilities.
- Long-term assets known as fixed assets are employed by businesses to produce revenue and profits.
- This transaction results in a $1,300 drop in the cash balance and a $1,300 rise in fixed assets, leaving the total assets unchanged.
- The entry is as follows:
General Journal Debit Credit
Equipment $XX
Cash $XX
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<span>An individual can become a part of a current. When that person becomes a part of that electrical current than that person will have electricity running through them which can result in the individual being shocked. It is unwise and very deadly unless the current is very minute.</span>
Answer and Explanation:
a. The net long term capital loss would be $7,000
And, the net short term capital gain would be $14,000 ($21,000 - $7,000)
So as a result the overall net short term capital gain is $7,000
b. Since there is a loss arise from the personal residence of $28,000 so the blank would be filled by the amount i.e. $28,000 and the rest of the things would be alright.
Answer:
The answer is personal selling
Explanation:
_Personal Selling_______ is the two-way flow of communication between buyer and a seller that is designed to influence the buyer's purchase decision.
