When the price of a good increases, the quantity demanded decreases. When the price of a good decreases, the quantity demanded increases.
Answer:
b. No journal entry is required
Explanation:
Given that
Estimated percentage of losing = 40%
Estimated amount = $800,000
By considering the above information, we concluded that
As in the case of the litigation, there is no journal entry is recorded as the possibility of the event is not certain with respect to the entity's economic resources.
Therefore in the given case, the correct option is b.
Answer:
you are able to make better informed decisions
Explanation:
by being well informed on a product you are able to make decisions and see potential problems ahead of the actual problem