Answer:
Limited liability means the business owners' liability for debts is restricted to the amount they put into the business. With unlimited liability, the business owner is personally responsible for any loss the business makes.
Explanation:
Answer:
$5,472
Explanation:
Calculation for Alison record of purchase :
First step
Invoice price ×Percentage of payment term
Where:
Invoice price =$5,700
Percentage of payment term =96%
(100%-4%)
Second step
$5,700×96%
=$5,472
Therefore Alison should record the purchase at: $5,472
" There is an unequal distribution of power in the company " best explains this situation
Explanation:
Inequity is the almost inevitable result of two strong forces:
human bias and socioeconomic injustice.
One may debate whether or not power imbalances and other social inequalities induce bias.
(Even though the notion of a single variable approach to these debates encourages most of us, the truth is more complex; each one strengthens the other and this always results in a chicken and egg debate.)
Unfairness and discrimination can also be found interchangeably with everyday terminology.
I presumption a difference here: the definition of the word 'inequality' and the control of the expression 'inequity.' Inequality contributes to the allocation of such products, some of which earn more than others. Inequity stretches into this: not just unequal allocation; disproportionate and unjust allocation.
Answer and Explanation:
The journal entries are shown below:
For 2021
Research and development expense $2,310,000
To Cash $2,310,000
(Being expenses incurred on R&D is recorded)
Here expenses are debited as it increased the expense and credited the cash as it decreased the assets
For 2022
Research and development expense $910,000
Software development expense $510,000
To Cash $1,420,000
(Being expenses incurred is recorded)
Here expenses are debited as it increased the expense and credited the cash as it decreased the assets