As used in government accounting, expenditures are decreases in net assets. Hence, option A is correct.
<h3>What is
net assets?</h3>
The net assets are the total assets of the company minus the liability of the company, which is the basic calculation of the net assets. It is calculated at the time of preparing a company's balance sheet, and for this purpose, the person has to calculate the trading and profit and loss of the company.
Net assets are considered the equity of the company, and it is the retained earnings of the company. The corporation retains its profits and does not disperse them to the owners. Profits are retained in the company to support its expansion.
Thus, option A is correct.
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Answer:
Part A:
Liabilities=$285,000
Part B:
Liabilities=$255,000
Equity=$255,000
Explanation:
General Rule of Assets, liabilities and equity
Assets= Liabilities+Equity
Part A:
Assets=$710,000
Equity=$425,000
Liabilities=?
$710,000=Liabilities+$425,000
Liabilities=$710,000-$425,000
Liabilities=$285,000
Part B:
Liabilities=Equity
Replace Equity by liabilities
Assets=Liabilities+Liabilities
$510,000=2*Liabilities
Liabilities=$255,000
Equity=$255,000
Answer:
The correct answer is letter "A": The unit of product.
Explanation:
A plantwide overhead rate is a single overhead rate given typically in smaller firms to allocate manufacturing overhead costs to products or cost objects. The rate is implemented when services provided by the different units of the company are undifferentiated. Then, <em>the cost object used in the plantwide overhead rate is the unit of product.</em>
Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.