"C is correct answer." Gloria's flower shop is an example of a proprietorship. "Hope it helped you!" "Have a great day!" "Thank you so much!"
A savings account you can redraw from, while a certificate of deposite has to be left alone for a certain while, and it ussually gains more interest.
Answer: Investing Activities
Explanation: The investing activities lists all of the purchases and sales of long-term fixed assets, such as equipment, building, land, and the purchase of shares.
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Answer:
Is the process of allocating to expense the cost of plant asset.
Explanation:
Depreciation is an expense indicating a decline in the value of the capital assets due to tear and wear, obsolescence, consumption, time span, etc. It's shown on the income statement debit side. It is a non-cash item which has no effect on the cash balance.
Moreover, it is to charged over the specified number of useful life so that proper amount of the depreciation should be recorded in the books of accounts
