<span>A purchase of an asset on
account increases assets. The assets account is increased due to the new
addition of purchased asset. It also increases the liability section because it
was purchased on account. Any purchase, addition or acquisition of assets will
increase the assets account while any removal or disposal of assets decreases
it.</span>
Answer
Food is what we get from agriculture.
To rank the given option from the highest to lowest degree of importance, we need to do a little research on the each of the individual subjects.
these can be arranged in the following order.
(1) Food
(2) agriculture
(3) natural resources careers.
Answer:
$200,000
Explanation:
In the given case, The distribution which is treated as a dividend is equal to the current E&P i.e $200,000 because the distributions are paid first by current E&P and when it is consumed then the balance of accumulated E&P got reduced.
So, it also consider the current E&P as a dividend
All other information which is given is not relevant. Hence, ignored it
Answer:
D. When a desirable product or service is scarce, its value increases.
Explanation:
Demand is the volume of a commodity or service that buyers are willing to purchase in the market at a given price. Supply refers to the quantity of service of a product that suppliers are willing to avail in the market for sale. The law of supply and demand illustrates the interactions between buyers and sellers.
As prices increase, sellers are willing the supply more, but buyers will want to buy fewer quantities. The opposite is also true. Products that provide a higher utility value will always attract high prices. If such products are scarce, their prices are bound to go even higher.
Taxable income is The amount of your income, after it has been reduced by exemptions, deductions, and credits, that is used to calculate the tax you owe.
