Inventory and property, plant, and equipment are shown as an expense on the income statement and on the balance sheet, respectively.
What is a balance sheet?
A balance sheet is a financial statement that lists an organization's assets, liabilities, and shareholder equity. One of the three important financial statements a company's evaluation will focus on is the balance sheet.
The income statement and balance sheet both directly and indirectly refer to the expenses. You can better understand how an expense is reflected overall by often reading a company's income statement and balance sheet.
As a result, option (b) is correct.
Learn more about on balance sheet, here:
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Answer: C. No, but he is liable for another $2 per share.
Explanation:
A stock is not to be issued below its par value as this is the lowest price that it is to be issued at. If a par value is $4 for instance, the stock cannot be issued for anything less than this $4.
In this scenario, the par value is $8 per share which means that Globule Inc. cannot issue this share for less than $8. Kirby in paying only $6, is still liable for $2 so that he can at least pay for the stock at its par value.
Answer:
The correct answer is A)
Explanation:
There is no good or service that is unlimited.
The concept of the Barter system was simply a method of exchanging value for value.
- It was phased away due to several reasons:
- It was not a good store of value as many of the goods were perishable
- it didn't make for good administration: It was too cumbersome and problematic. Imagine having to store three trailers of eggs awaiting a barter exchange
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C relative price » sub effect & income effect
Answer: b. the minor's parents or guardians are responsible
The minor's parents or guardians are responsible for the financial consequences of a minor's driving, whether the minor has a license or not. It is a law under a legal concept called "vicarious liability" imposed in most states in the U.S
