Answer:
Net Income = $45000
Explanation:
The basic accounting equation states that the value of assets is always equal to the sum of the values of liabilities and equity.
Total Assets = Total Liabilities + Total equity
At the beginning of the year:
295000 = 190000 + Total equity
Total Equity = 295000 - 190000
Total Equity = $105000
The net income earned during the year is appropriated in two ways. It is either retained in the business and transferred to retained earning or paid out as dividends or both. Transfer to retained earnings from net income increases equity.
At the end of the year:
355000 = 220000 + Total Equity
Total Equity = 355000 - 220000
Total Equity = $135000
Ending balance of equity = Opening balance of Equity + issuance of equity(Common stock) + Net Income - Dividends
135000 = 105000 + 35000 + Net Income - 50000
135000 = 90000 + Net Income
Net Income = 135000 - 90000
Net Income = $45000
Answer:
quantity
Explanation:
An import quota is a restriction on the quantity of products that can be import to a country. This measure protects domestic production and assure a bigger share of it in the market for local companies
Answer:
the farm would face trade offs in production of apples or oranges
Explanation:
i have a brain and I used it
Christmas day was viewed differently by various country around the world. For example in the united kingdom a law often quoted regarding Christmas is holy days and fasting days acts of 1551 which stated that everyone must attend church on Christmas day without using any means of transport and therefore people would walk to church. However the law was repealed in 1969. Hence, the correct answer is Great Britain.
