Answer:
During Vincent van Gogh's lifetime he sold thousands of artworks. In fact, his brother Theo depended on him for financial support.
False
Explanation:
Vincent van Gogh was one of the most influential and prolific painters of western art. He was a dutch painter born on March 30, 1853 in Zundert, Netherlands. His skill in striking colors, brushwork and forms formed the foundation for modern expressionism. Vincent van Gogh was for the better part of his life not wealthy. After failing in his pursuits, he began taking painting seriously. In 1880, he discovered that he had a true passion for painting, and that he would dedicate the rest of his life as an artist. His major goal as an artist was to console the miserable in the society. “I want to give the wretched a brotherly message,” he mentioned to his bother Theo. Theo was Vincent's brother who an art dealer.
Most of Vincent's work although prolific gained momentum well after his death especially in the late twentieth century. The statement that he sold thousands of artworks during his lifetime and that Theo depended on him for financial support is false since he died penniless.
Answer:
No
Explanation:
Because these two tasks are different one another and probably should be allocate to different account.
<span>In most cases, the company is not simply seeking a sale. rather, it wants to engage the customer over the long haul in a mutually profitable relationship. With this kind of goal, a company will have a higher chance of prosperity and stability in the long run.</span>
1)Create a business plan
2)Research locations
3)Create a business entity
4)Secure financing
5)Obtain a vehicle and commercial spaces
6)Obtain all necessary permits, licenses 6)registrations, etc.
7)Obtain business insurance
8)Prepare to open your food truck for business
Answer:
a. Debit Accounts receivable for $600
Explanation:
As Greasy catering company provided services but had not got the bill from the customer, it increases an asset. According to the revenue recognition principle, revenue has recognized whenever it is provided not when the cash is received. In that case, the journal entry to record the transaction is -
Accounts receivable (Debit) $600
Revenue (Catering) (Credit) $600
Accounts receivable is debit because the company owes the amount from the customers.