Answer:
Balance sheet is the correct answer because it tells about the worth of company, its assets, shareholders funds (Equity) and amount borrowed by the company (Liability). Balance sheet is also known as Statement of Financial Position (SOFP)
All the other options tells about the earnings and costs of the company not about the assets and liabilities of the company.
Country ABC shows that it has ABSOLUTE ADVANTAGE over Country XYZ.
The absolute advantages is proven when Country ABC was able to produce a unit of good 1 with fewer resources than Country XYZ.
Absolute advantage is different from comparative advantage.
Comparative advantage deals with opportunity cost. If a country is able to produce goods at lower opportunity cost than its trading country, then, it has comparative advantage.
Answer:
If Aquataste sticks to the agreement, Waterland has an incentive to renege on the agreement by producing 350 gallons because Waterland’s profits would then increase from $375 to $525.
Explanation:
If Waterland and Aquataste both produce 250 gallons each and charge $1.50 per gallon.
There would be 500 gallons in total, and the total revenue would be
$1.50 × 500 = $750
which when shared equally between Waterland and Aquataste would result in each of them getting $375 each.
But if Aquataste sticks to the agreement, Waterland has an incentive to renege on the agreement by producing 350 gallons, still charging $1.50 and Waterland’s profits would then be
$1.50 × 350 = $525
Hope this Helps!!!
Answer and Explanation:
Magnus Co should refer to FAS 160/ARB-51-9
Retained earnings are profits of the business after deduction of dividend. It is located in the equity section of the statement of financial position/balance sheet of the reporting entity
Calculated retained earnings +profit/loss for the year - dividends
A
A subsidiary must be consolidated and reported by an entity with an interest in it if it has a majority stake in the company of over 50 percent voting shares
FAS 160 has replaced ARB 51
The revision that eliminates the pronoun shift in the sentence below is If a student wishes to go on the field trip, he or she must bring in a permission slip. This is further explained below.
<h3>What is a permission slip?</h3>
Generally, A permission slip is simply defined as a form that another institution sends home with a pupil and a parent in which the parent authorizes minors.
In conclusion, a permission slip is required as consent from the guardian.
Read more about permission
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