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raketka [301]
3 years ago
7

State the puropse of liabilities​

Business
1 answer:
Delicious77 [7]3 years ago
8 0
Liabilities are a vital aspect of a company because they are used to finance operations and pay for large expansions. They can also make transactions between businesses more efficient.
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Age, gender, and race are examples of _______information
Dimas [21]

Answer:

I think it's personal info? It's also stuff you shouldn't give out online

4 0
3 years ago
Read 2 more answers
Dividing potential customers into groups of similar people is known as
Sidana [21]

The division of the customers into groups of the similar people is known as market segmentation. Thus correct option is (B).

<h3>What is Market Segmentation?</h3>

Market segmentation is the marketing strategy in which the people are divided into similar groups making the small segments who has the common needs and respond same to the marketing action.

Market segmentation is the process of grouping comparable clients together. Therefore the correct option is (B).

Learn more about Market segmentation here:

brainly.com/question/14781409

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3 0
2 years ago
Suppose that there are two cities that are alike in every way except that one city has significantly better weather than the oth
Lelechka [254]

Answer:

bad weather

good weather

upward

fall

Explanation:

8 0
3 years ago
When inventory costs are rising, a company may prefer to use the __________ method in the perpetual system in order to pay the l
mezya [45]

Answer:

LIFO (Last-in-last-out)

Explanation:

Last in last out is the method of inventory valuation where the unit that was added in inventory last would be sold first. In case, of rising prices, the unit added in inventory would cost more than the one added first. So, if LIFO is used in case of rising prices, cost of goods sold would be higher. If COGS is higher, income will fall, thereby reducing tax liability.

So, if the firm wants to pay lower taxes during price rise, it should opt for LIFO method to value inventory.

8 0
4 years ago
Amble, Inc. exchanged a truck with a carrying amount of $12,000 and a fair value of $20,000 for a truck and $5,000 cash. The fai
katrin [286]

Answer & Explanation:

The fair value of our asset is $20000 and what we receive is a truck with $15000 market value and $5000 cash. So the transaction possesses commercial substance as the fair value and value received are same.

So assume if the transaction lacks the commercial substance (according to question) then the truck received must be recorded at fair value and must be offset against the truck which is exchanged for. The entry would be:

Dr Truck received @ Fair Value $15000

Cr                     Truck Sold                      $12000

Cr                     Profit on Disposal           $8000

The above entry makes it clear that the entry to recognize the truck would be $15000. So the option D is correct.

4 0
3 years ago
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