Answer:
B. Remeasurement.
Explanation:
Remeasurement -
It is the process in which the values of a physical asset or company;s financial statements or the foreign currency , are re - evaluated .
It is the method to of reestablishing the value of the item , in a few situation ,
The first is the land , as the value of the land changes a lot and and can not be reflected in the balance sheet correctly .
The advantage of Remeasurement is to maintain accuracy in the record data .
Hence ,
from the question ,
The correct term for the given data is ( b ).
Answer:
A. Accounts receivable will be debited by $7,200.
Explanation:
Accounts receivable is the payments that customers owe to a business. It arises when a business sells goods to customers of credit. Accounts receivables are current assets as they represent money that the business expects to receive in the short term.
Recording the transaction for accounts receivable follows the principle for recording assets transactions. An increase in assets is debited. The accountant will debit accounts receivable by an amount of $7200.
In economics an externality is the cost or benefit that affects someone who did not choose this. It is the true cost of a product that can be both positive or negative. Pollution can be an example of this. An educated labor force producing more is a positive example of this. The government rewards positive externality and punishes negative externality. Rewards can be surpluses and taxes can be punishments.
They are protected by the used of a firewall.
