Answer:
($500) = NA + NA + ($500)
Explanation:
In this question, the following accounting equation is used
Assets = Liability + common stock + retained earnings
As in the transaction, it is given that $500 cash is paid for advertising expense, so this event would be affecting the accounting equation for asset and the retained earning account i.e
($500) = NA + NA + ($500)
As cash is paid which reduces the asset balance plus the retained earning balance is also get reduced by $500
Answer:
The correct answer is option A.
Explanation:
The concept of complete specialization in trade is not applicable in the real world. A country can have partial specialization but not complete specialization. This is because not all the goods are produced for trading in foreign markets. Most of the goods are consumed in the domestic market.
The taste and preferences of consumers in different markets differ. Also as a country goes on increasing the quantity produced of a good, the opportunity cost of giving up its second-best alternative goes on increasing. So the countries will not reach complete specialization.
Answer: condition precedent
Explanation: In simple words, a condition precedent refers to the set of affairs or contract that are necessary to happen in a contract or else no contractual duty will arise on both sides of the contract. Thus it can be considered as a contract that must occur.
In the given case, the real estate contract arise on the condition that the buyer sells his current home or otherwise no contract exist. Hence this act could be considered as condition precedent.
D. all of the above are good questions.
Answer:
still like continuing it till this doesn't make sense