Objects that represent the different types of economic resources owned or controlled by the business entity are
Question:
Objects that represent the different types of economic resources owned or controlled by the business entity are referred to as:
A. Revenue
B. Cash inflows
C. Assets
D. Equity
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
C is correct An asset r...View the full answer
Answered By
Mehwish Aziz
What I have learnt in my 8 years experience of tutoring is that you really need to have a friendly relationship with your students so they can come to you with their queries without any hesitation. I am quite hardworking and I have strong work ethics. Since I had never been one of those who always top in the class and always get A* no matter what, I can understand the fear of failure and can relate with my students at so many levels. I had always been one of those who had to work really hard to get decent grades. I am forever grateful to some of the amazing teachers that I have had who made learning one, and owing to whom I was able to get some extraordinary grades and get into one of the most prestigious universities of the country. Inspired by those same teachers, I am to be like one of them - who never gives up on her students and always believe in them!
5.00+
3+ Reviews
10+ Question Solved
Related Book For
Accounting For Financial Instruments A Guide To Valuation And Risk Management
ISBN: 9781138237599
1st Edition
Authors: Emanuel Camilleri, Roxanne Camilleri
Question Posted:
Students also viewed these Business questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Match the following components with the best description below and indicate if the component is reported on the balance sheet (BS) or income statement (IS). 1. Assets 2. Liabilities 3. Owner's Equity...
-
Objects that represent the various types of economic obligations by a business entity are referred to as: A. Losses B. Liabilities C. Cash outflows D. Gains
-
For the given values, determine the quadrant(s) in which the terminal side of the angle lies. cos = 0.5000
-
The income statement of Vincus Distribution follows Additional Information 1. Account Receivable increased by $350,000 during the year 2. Prepaid Expenses increase by $170,000 during the year 3....
-
You're the CFO of the Overseas Sprocket Company, which imports a great deal of product from Europe and the Far East and is continually faced with exchange rate exposure on unfilled contracts. Harry...
-
Discuss the primary economic indicators used to determine the functional currency of an entity?
-
The Lake Placid Town Council decided to build a new community center to be used for conventions, concerts, and other public events, but considerable controversy surrounds the appropriate size. Many...
-
Elternteil Corporation owns 70 percent of Schwester Corporation's common stock and 45 percent of Bruder Corporation's common stock. In addition, Schwester owns 40 percent of Bruder's stock. In 20X6,...
-
An accountant has collected the following information in advance of his companys year-end earnings declaration: The accountants estimate of ending retained earnings (in millions) would be: A. 760...
-
Objects that represent the outflows of economic resources from the company or increases in the liabilities are referred to as: A. Assets B. Gains C. Appropriations D. Expenses
-
Solve the absolute value equation. |3-3x - 2 = 2
-
Carlos has worked very hard through his career as a teacher and is contemplating an early retirement. He already has a pension in place commencing at retirement age but wants to cut back on his...
-
About 4% of homes have solar panels to produce electricity. A certain city has 2,400 homes. 13. Show that it is acceptable to use a Normal model for this situation. 14. What are the mean and standard...
-
Water at ground level is moving in a pipe with diameter 12 cm, a speed of 2.2 m/sec, and a pressure of 450 kPa. The pipe goes up to the fourth floor of a building where its elevation is 16 meters...
-
Acme Packing Company is evaluating whether its new equipment should be purchased for $491,699 or leased for $125,805 for 5 years with payments made at the beginning of each year. If purchased, the...
-
What impact on Jamie Lees income would the gift of $1,000 from her great aunt have on her adjusted gross income? Would there be an impact on the adjusted gross income with her $2,000 raffle prize...
-
Categorize each of the following activities as to which management responsibility it fulfills: planning, directing, controlling, or decision making. Some activities may fulfill more than one...
-
What is the difference between the straight-line method of depreciation and the written down value method? Which method is more appropriate for reporting earnings?
-
Assume the same facts as in Problem 38, except that the cash distribution to Lizzie amounts to $40,000. Determine Lizzies stock basis at the end of the year, and the treatment of her cash...
-
Maple, Inc., is an S corporation with a single shareholder, Bob Maple. Bob believes that his stock basis in the entity is $50,000, but he has lost some of the records to substantiate this amount....
-
In Problem 44, how much of the Whitman loss belongs to Ann and Becky? Beckys stock basis is $41,300. In problem At the beginning of the year, Ann and Becky own equally all of the stock of Whitman,...
-
Using The information below prepare an income statement and statement of retained earnings Retained earnings, January $67,000 Advertising $6,500 1, 2022 expense Dividends 6,000 Rent expense 9,500...
-
If a systems memory is 32GB (1 GB = 230 B) and each memory location stores 1B. How many address bits are needed if we need to address each byte?
-
What multifaceted purposes does an introduction traditionally encompass in a business call, and to what extent is each purpose realized in the provided introduction in the case iQmetrix and Straker...
Study smarter with the SolutionInn App