Danger Mouse Inc. sells $1,300 worth of equipment to Matador Company. The effect of cash on the elements of the Matador Company's fundamental accounting equation is that the total assets remain unchanged.
How much are total assets?
- Current assets and non-current assets, often known as fixed assets, are divided up into total assets.
- Short-term assets known as current assets are utilised to cover current liabilities.
- Long-term assets known as fixed assets are employed by businesses to produce revenue and profits.
- This transaction results in a $1,300 drop in the cash balance and a $1,300 rise in fixed assets, leaving the total assets unchanged.
- The entry is as follows:
General Journal Debit Credit
Equipment $XX
Cash $XX
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The answer to your question is junk bond
We as mobile notary loan signing agent are limited on what we are capable of answer on real estate loan package.
We can tell the buyer about the payment and interest. Anything else the buyer will have to call who the loan originator for more detail info.
A: they generally take in more premiums than they pay out
Answer:
employees
Explanation:
This is because employees are classified as labor not capital
