Answer:
a) Assets and expenses
Explanation:
As we know that
The debit portion report assets and expenditures side while sales revenue, stockholder equity, and the liability side are reported in the credit portion.
So by above information, we can conclude that the assets and expenses have a normal debit balance, while other options involves both accounts credit balance or one account has a debit balance and the other account has a credit balance
Answer:
a.
Cash 16500 Dr
Common Stock 16500 Cr
b.
Cash 13500 Dr
Notes Payable 13500 Cr
c.
Equipment account 1450 Dr
Accounts Payable 1450 Cr
d.
Land 25000 Dr
Cash 2300 Cr
Notes Payable 22700 Cr
e.
Equipment account 9500 Dr
Cash 2300 Cr
Accounts Payable 7200 Cr
Explanation:
a.
The issuance of common stock against cash will increase the cash and the capital. So cash will be debited and capital (common stock) will be credited.
b.
The issuance of notes payable against cash increases liability and asset. The asset increase in cash will be debited and liability increase in notes payable will be credited.
c.
The purchase of equipment on account will increase liability and asset. The asset increase in form of equipment will be debited and the liability increase in form of accounts payable will be credited.
d.
The purchase of land will increase land and result in a debit to the land account. It is purchased for cash and a liability of notes payable. So both cash and the notes payable account will be credited as cash decreases (asset decrease in credited) and liability increases (liability increase is credited).
e.
The purchase of equipment will increase equipment account and result in a debit to the equipment account. It is purchased for cash and a liability of accounts payable. So both cash and the accounts payable account will be credited as cash decreases (asset decrease in credited) and liability increases (liability increase is credited).
Answer: The correct answer is "a. the bulk of the public debt is owned by U.S. citizens and institutions.".
Explanation: To say that "the U.S. public debt is mostly held internally" is to say that:<u> the bulk of the public debt is owned by U.S. citizens and institutions.</u>
Answer:
Public sector provides many services such as; education, health and social care.
Answer:
d. explicit forecast period and a terminal value
Explanation:
The concept involves giving the current values to the expected future cash flows of a project. Discounted cash flows seek to assign a present value to the projected future income of a company. The discount cash flow techniques use an appropriate discount rate in evaluating forecasted revenues.
Discounted cash flow valuation methods are used in capital budgeting. They are decision-making tools that help managers and shareholders determine whether to invest in a project or not. Discounted future revenues communicate the profitability potential of a project.
