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Schach [20]
2 years ago
10

Private markets fail to account for externalities because.

Business
1 answer:
Natalka [10]2 years ago
4 0

Answer: Because <u>decision makers in the market fail to include the costs of their behavior to third parties.</u>

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Hope this helps!

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According to Adam Smith and other classical economists, why is the economic theory supporting market economies (or capitalism<span>) </span>much more realistic than theories supporting command economies<span>? ... Americans prefer to have the </span>market<span>, rather </span>than<span> the government, to manage their </span>economy<span>.</span>
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Which of the following warning signs could mean receipts are being pocketed before being deposited? A. missing documents or gaps
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Answer:

D. a difference between daily bank and cash balance

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Mention two ways of using money wisely​
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4 0
3 years ago
Read 2 more answers
During December of Year 1, Nile Co. incurred special insurance costs but did not record these costs until payment was made durin
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Answer:

The omission of this entry understated accrued liabilites. given that the related inventory was sold in year 1, it aslo overstated net income and retained earnings by understating cost of goods sold,  the same effects would occur if the insurance costs were chargeable to expense as a period cost

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Rules specify that contingent liabilities should be recorded in the accounts when it is probable that the future event will occur and the amount of the liability can be reasonably estimated. This means that a loss would be recorded (debit) and a liability established (credit) in advance of the settlement.

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