Answer and Explanation:
The financial statement effects template to reflect the following events is shown below:-
Balance Sheet
Transaction Cash assets + Non Cash = Liabilities+Contributed assets capital Earned Capital
a. $400,000 $400,000
b. -$18,000
-$18,000
c. -$202,000 -$202,000
Income statement
Transaction Revenue - Expense = Net income
b. $18,000 -$18,000
c. $2,000 -$2,000
Explanation:
Basic research
This research is conducted largely for the enhancement of knowledge and is research which does not have immediate commercial potential.
Explanation:
Accounts receivable is money owed to a company by its debtors.
Account payable amounts due to vendors or suppliers for goods or services received that have not been yet paid for.
Answer:
D.unemployment that is due to normal turnover in the labor market.
Explanation:
Frictional unemployment occurs as as result of normal movement of workers in an economy due to changing of jobs. It is also called transitional employment.
This type of employment can occur even when there is full employment in the economy and people want to move from one job to the other.
Frictional unemployment could be due to quitting, termination, seasonal employment, or term employment.