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3 years ago

11. What are assets?

Business

2 answers:

vampirchik [111]3 years ago

7 0

Financial accounting, an asset is any resource owned by a business or an economic entity. It is anything that can be owned or controlled to produce value and that is held by an economic entity and that could produce positive economic value.
I hope this helps

Brut [27]3 years ago

6 0

Answer:

I believe it's the last option.

Explanation:

An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit. Assets are reported on a company's balance sheet and are bought or created to increase a firm's value or benefit the firm's operations.

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After saving money in her piggy bank for 3 years, Beverly decided to deposit $5,000 of the money in the Millertown Bank. If the

JulijaS [17]

Answer:

$25,000

Explanation:

The computation of the maximum change in money supply is shown below:

= Deposit amount × money multiplier

= $5,000 × 5

= $25,000

Where, money multiplier is

= 1 ÷ required reserve ratio

= 1 ÷ 20%

= 5

So by multiplying with the deposit amount with the money multiplier we can get the maximum change in the money supply

5 0

3 years ago

In france a loaf of bread costs 3 euros. in great britain a loaf of bread costs 4 pounds. if the exchange rate is .9 pounds per

Sedaia [141]

The real exchange rate is 3 euros

3 0

3 years ago

________ is the two-way flow of communication between buyer and a seller that is designed to influence the buyer's purchase deci

vodomira [7]

Answer:

The answer is personal selling

Explanation:

_Personal Selling_______ is the two-way flow of communication between buyer and a seller that is designed to influence the buyer's purchase decision.

7 0

3 years ago

Financial statements can be prepared _____. (select all that apply.) multiple select question.

marysya [2.9K]

Financial statements can be prepared : b. may be prepared more than once a year; c. may have a fiscal year end other than December 31.

<h3>What is financial statement?</h3>

Financial statement help to summarize the financial position of a business and it as well help to show the day to day transaction of a company or day to day activities of a business at a particular period of time.

Financial statement of a company can be prepared more that once in a year and financial statement may tend to have fiscal year end that is other than last month of the year which is 31st December.

Therefore Financial statements can be prepared : b. may be prepared more than once a year; c. may have a fiscal year end other than December 31.

Learn more about financial statement here:brainly.com/question/21307159

#SPJ1

The complete question is:

Financial statements ______. (Select all that apply.)

a. must have a calendar year end of December 31

b. may be prepared more than once a year

c. may have a fiscal year end other than December 31

d. are prepared just once a year

8 0

2 years ago

Mrs. Beld sold marketable securities with a $79,600 tax basis to her daughter for $60,000 cash. Two years later, the daughter so

Ksenya-84 [330]

Answer:

$13,400

Explanation:

Data provided in the question:

Tax basis of marketable securities = $79,600

Amount for which securities sold to daughter = $60,000

Amount for which daughter sold the securities = $93,000

Now,

Mrs. Beld disallowed loss on the related party sale to her daughter

= Tax basis of marketable securities - Amount for which securities sold to daughter

= $79,600 - $60,000

= $19,600

Realized gain by her daughter = $93,000 - $60,000

= $33,000

Therefore,

The daughter's gain recognized on sale

= Realized gain by her daughter - Mrs. Beld disallowed loss

= $33,000 - $19,600

= $13,400

8 0

3 years ago