Answer: Assets are listed in descending order of liquidity
Explanation:
According to accountant principles, the assets are always listed starting with the most liquid asset. It has the special purpose of helping to the shareholders and company owners to know what assets are easily sold and become in cash flow. The most liquid asset is always the cash, it is the first in the list. Commonly the second asset listed is the inventory, then we have ththe realizable value ( it includes bonds, stocks and other stock market elements), followed by the elements available for sell, at the end we can find listed long term resources including fixed assets and intangible assets.
Answer:
b. False
Explanation:
Merging or acquiring American corporations by foreign firms helps them consolidating businesses or assets with a view to increasing productivity, maintaining a competitive edge, growing market share, or controlling supply and distribution networks. It gives them a reputation at the international stage as the United States has a dominant capitalist stand and merging with it ensures a promising future in the business market.
<span>anonymous 2 years ago</span><span>A company launched four new products. The market price, in dollars, of the four products after different number of years is shown below:
The price of which product will eventually exceed all others?</span>
Answer:
Explanation:
The journal entries are shown below:
a. Artwork A/c Dr $85,500
To Cash A/c $85,500
(Being work is reported on the government-wide financial statements)
Depreciation Expense A/c Dr $5,700
To Accumulated Depreciation A/c $5,700
(Being depreciation expense is recorded)
The depreciation expense is shown below:
= Original cost ÷ useful life
= $85,500 ÷ 15 years
= $5,700
b. Artwork expenditure A/c Dr $85,500
To Cash A/c $85,500
(Being work is reported on the fund financial statements
