Answer:
A) loses some of the benefits of market efficiency.
Explanation:
Taxes always result in deadweight losses. Deadweight loss refers to allocative inefficiencies resulting from an alteration in the equilibrium quantities and economic surplus.
Taxes always increase the price of goods or services, and that increase reduces the equilibrium quantity, therefore resulting in lower economic surplus (lower consumer surplus and lower supplier surplus). The price of a good or service is higher, decreasing the quantity demanded, but the net amount received by the supplier is lower, decreasing the quantity supplied.
Answer:
a.Contingency
Explanation:
The Contingency theory of leadership is a theory that establishes that a leader is successful when the style used fits the situation. This theory states that the best leadership style is the one that best adapts to the context. So, the Gore company more than likely adheres to the contingency theory of leadership because their leaders are not chosen but emerge according to the project they are working on and by other employees.
The correct option is D.
Subtract the loss from net income.
<h3>What is Cash Flow?</h3>
The volume of money a business brings in and expends is known as cash flow. Revenues from sales are used by businesses to pay expenses.
- In accounting, the initial net cash flow that is recorded during all firm operational operations is calculated using the indirect technique of estimating or computing cash flow.
- Under the indirect technique of completing the cash flow from operating activities, any initial net income or net loss is recorded at the beginning.
- The initial level of net income includes all non-cash expenditures and expenses such as amortization and depreciation of tangible personal property and equipment.
- The cash flow of operating activities is now calculated by deducting any profits or losses from the sale of long-term assets from net income.
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I understand that the question you are looking for is:
When using the indirect method to complete the cash flows from operating activities section of the statement of cash flows, what is the proper disposition of a loss on disposal of equipment? Multiple Choice
A. Add the loss to net income.
B. Disregard the loss because it relates to a financing activity.
C. Disregard the loss because it relates to an investing activity.
D. Subtract the loss from net income.
Answer:
a. $288,000
b. $190,000
Explanation:
The Accounting equation: Assets = Liabilities + Equity
a. Assets = Liabilities + Equity
382,000 = 94,000 + Equity
Equity = 382,000 - 94,000
= $288,000
b. Equity as of December 20Y9.
Account for the changes in assets and equity:
Assets = Liabilities + Equity
(382,000 - 63,000) = (94,000 + 35,000) + Equity
319,000 = 129,000 + Equity
Equity = 319,000 - 129,000
= $190,000
