Tangible assets are first recorded at costs to acquire them for use.
- Tangible assets are fixed assets which is referred to as the physical assets which a company/Buisness owns to carry out its daily activities in order to create profit .
- They include<em> investments, cash, inventory, vehicles, office equipment, buildings,machines, </em>etc
Tangible assets are very important to businesses as they
- Help in business operations to provide goods and services
- Serve as collateral for loans
- In case of emergency, they can generate cash
Tangible assets are first recorded in the balance sheet as costs to acquire them for use.
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Companies outsource to save costs or improve the value of their goods. There are several options when deciding whether to outsource a business' operations or production.
The use of outsourcing has increased as a way for businesses to cut expenses and concentrate on what they do best. A business precise known as outsourcing involves a corporation hiring a third party to carry out duties, manage operations, or offer services on their behalf.
Reduce and manage operating expenses. Enhance the company's focus. liberate internal resources for fresh endeavors. Increase output for some time-consuming tasks for which the organization may lack the resources.
The finest examples of outsourcing include website creation, office and warehouse cleaning, and advertising.
To learn more about outsourcing
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A. Sounding your horn to have fun is just absurd, and could cause an issue. Either leading to other drivers to have a scare and wonder what was the problem, or they would get angry because they'd think you're trying to be rude. So, answer A. is incorrect.
B. Sound your horn to demand the right-of-way is extremely wrong, and incorrect. So, answer B. is incorrect.
C. You must sound your horn when necessary in order to avoid any collisions. You must do this to help warn and prevent another driver from getting into an accident with you. Therefore, C is correct.
D. Sound your horn to give other driver a piece of your mind. This is also known as road rage, it's not worth doing since you could get distracted while driving, and could lead to serious (sometimes fatal) issues. So, answer D. is incorrect.
So, as I said above, the correct answer is: C. W<span>hen necessary to avoid collisions
Good luck with your studies, and I truly hope this helps!~</span>
Answer:
The correct answer is a.Owner capital is where the period's net income or loss is transferred.
Explanation:
The income and expense accounts are canceled and closed at the end of each accounting period, transferring their balances to a summary bridge account entitled "profit and loss", where the balances are summarized. The amounts of the profit and loss account, which reflect the net profit or loss for the period, are transferred to the owner's capital account. These operations are necessary because:
- Revenues really increase stockholders' equity, while expenses decrease it.
- Through the accounting period these increases and decreases are accumulated in income and expense accounts, not within the owner's capital account.
- Closing entries at the end of each accounting period transfer the net effect of these increases and decreases, from the income and expense accounts to the owner's capital account.
In addition, closing entries allow income and expense accounts to start each of the new accounting periods with zero balances. This is also necessary because:
- The income statement reflects the income and expenses incurred during an accounting period and is prepared based on the information recorded in the income and expense accounts.
- These accounts must begin each new accounting period with a zero balance, if it is desired that the end-of-period balances accurately reflect the income and expenses of said period.
