Answer:
c. (i) and (ii) only
Explanation:
Monopolistic competition characterizes an industry in which many firms offer products or services that are similar, but not perfect substitutes. Barriers to entry and exit in a monopolistic competitive industry are low, and the decisions of any one firm do not directly affect those of its competitors.
A monopoly is a market situation in which there is only one seller of a product which has no close substitute. It is a market in which one firm has the prevailing power in the industry.
A firm in a monopolistically competitive market is similar to a monopoly in the sense that (i) they both face downward-sloping demand curves. (ii) they both charge a price that exceeds marginal cost.
Answer:I’m looking for the same one
Explanation:
?
Answer:
$90,000
Explanation:
As per the historical cost principle, the assets should be recognized at the purchase price or the historical cost. In this, no other cost should be recognized such as assessed value, land improvements, etc
Since in the given question the Snap Repair Service accepted the seller counter offer i.e. $90,000 so the same is to be presented in the financial statements
hence, the land should be recorded at $90,000
International businesses need to understand the nature of the globalization debate and observe how their own practices may act in support of, or against globalization.
a. True
b. False
It’s false I hope
Bankruptcy. Hope this helps.
