The answer to the first part is: There are two performance obligations in this contract. and the answer to the second part is: The journal entry Gold Examiner would record on March 1 is: Cash 169,000 Unearned Revenue 169,000(March 1: Cash received from local bank for delivery of 95 units of certified 1-oz. gold future date)
The journal entry Gold Examiner would record on March 30 is: Unearned Revenue 162,450Revenue 162,450(March 30: Revenue recognized as 90 units of certified 1-oz. gold is delivered to Brink's)The journal entry Gold Examiner would record on April 1 is: Cost of Sales 81,225 Inventory 81,225(April 1: 45 units of certified 1-oz. gold delivered to bank)Explanation: Gold Examiner receives $169,000 from a local bank on March 1, 2021, and promises to deliver 95 units of certified 1-oz. gold on a future date. The contract states that ownership passes to the bank when Gold Examiner delivers the products to Brink's, a third-party carrier. There are two performance obligations in this contract. The first is the delivery of 95 units of certified 1-oz. gold and the second is the promise to replace the products if they are lost. Gold Examiner records the receipt of cash and creates an unearned revenue account. On March 30, when 90 units of gold are delivered to Brink's, Gold Examiner records revenue for the portion of the contract that has been satisfied and reduces unearned revenue. On April 1, when Brink's delivers 45 units of gold to the bank, Gold Examiner records the cost of sales and reduces inventory.
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Jeannine and Ryan, have both been working full-time jobs for many years. They are about to adopt three siblings and are trying to decide if they are both going to keep working. What disadvantage will they likely experience if they choose a single income option?
A.
They will have higher costs for childcare.
B.
They will have a greater amount of financial income.
C.
They will have less time to spend with their new baby.
D.
They will have less disposable income.
Answer: D
Explanation:
Answer: They will have less disposable income.
marcus is applying for a new job. they have asked for copies of his transcripts, a list of personal references, and letters of recommendations from his past employers. he also has to complete a face-to-face interview. which of these is the best indicator of his potential performance at this new job? please choose the correct answer from the following choices, and then select the submit answer button. answer choices the recommendations from his past employers his list of personal references the interview his transcripts
Marcus is putting in a job application. Face-to-face interview is the best indicator of his potential performance at this new job.
Face-to-face interviews are structured interviews carried out by professional interviewers who utilise a standard interview methodology and a standard set of replies to capture the responses of participants.
With the use of this technique, factual data, consumer opinions, attitudes, preferences, and other information that emerges from the respondent's dialogue may be collected. Face-to-face interviewing enhances the accuracy of the data collected and boosts response rates.
Employee development uses the concept of potential vs. performance to distinguish between the sometimes conflated ideas of performance and potential. Performance describes the regular outcomes that individual displays in their present position, but potential forecasts the chance of future success.
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What is the best way to encourage customers to come back to your site?
A.Stalk them.
B.Use direct mail.
C.Post viral videos.
D.Treat them like they're special.
Answer:
D because they will feel like they are being cared about and will come back
An account has a rate of 4.5%. Find the effective annual yield if the interest is compounded serriarnually. Click the icon to view soma finance formulas. The effective annual yield is (Round to the nearest hundrecth as needed)
The effective annual yield, when the interest is compounded semiannually at a rate of 4.5%, is approximately 0.0450 or 4.50%.
To find the effective annual yield when the interest is compounded semiannually, we can use the formula for compound interest:
Effective Annual Yield = (1 + (Annual Interest Rate / Number of Compounding Periods)) ^ Number of Compounding Periods - 1
In this case, the annual interest rate is 4.5% (0.045) and the interest is compounded semiannually, which means there are two compounding periods in a year.
Plugging in the values into the formula:
Effective Annual Yield = (1 + (0.045 / 2))^2 - 1
Calculating this expression:
Effective Annual Yield = (1 + 0.0225)^2 - 1
Effective Annual Yield = (1.0225)^2 - 1
Effective Annual Yield = 1.04500625 - 1
Effective Annual Yield = 0.04500625
Rounding this value to the nearest hundredth:
Effective Annual Yield ≈ 0.0450
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In the normal operation of business, you receive a check from a customer and deposit it into your checking account. With your bank statement, you are advised that this check for $775 is "NSF." The bank also informs you that due to the amount of activity on your business account the monthly service charge is $75. During a bank reconciliation, you will a.subtract both values from the cash balance according to the company’s records b.subtract both values from the cash balance according to the bank statement c.add both values to the cash balance according to the bank statement d.add both values to the cash balance according to the company’s records
If I’m reading it correctly, the answer is b. These items are listed on the bank statement and subtracted from the cash balance on the company’s books.
yang company sold merchandise for $2,000 cash. the event is subject to a state sales tax of 9%. recognizing the sale will require yang to
Recognising the sale will require Yang to recognize sales tax liability of $180.
A tax is a form of transfer of wealth from households and businesses to the government.
Types of Taxes
Sales tax: it is a type of consumption tax. It is the tax levied on the sales of products. An example is the value added tax. Excise tax: it is a tax levied on certain goods and services at the point of sale. This tax is usually levied on goods that the government wants to discourage its consumption. e.g. tobaccoIn order to determine the tax liability of Yang, this formula would be used:
sales tax x cost of goods sold
9% x $2000
0.09 x $2000
= $180.
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which of these types of life insurance allows the policyowner to have level premiums and also choose from a selection of investment options?
Variable Life Insurance is a kind of disaster protection that permits the policy owner to have level expenses and to likewise look over a determination of venture choices.
This kind of extra security offers the policy owner a lot of adaptability as far as their speculation choices and the capacity to control their expenses.
With Variable Life Insurance, the policy owner can put a piece of their expenses in various speculation choices. These speculation choices ordinarily incorporate stocks, securities, and shared reserves.
The policy owner can likewise decide to put resources into various choices simultaneously. This permits the policy owner to broaden their speculations and augment their likely returns. Also, policymakers can change their ventures.
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This question is not complete, Here I am attaching the complete question:
which of these types of life insurance allows the policyowner to have level premiums and also choose from a selection of investment options? A life insurance policy that has a level premium but allows the policyowner to choose from a selection of investment options is known as Variable Life.
Type the correct answer in the box. Spell all words correctly.
Ideally, what should more than one member of the family contribute to for a better financial position?
A family can have more than one person contributing to the household _______
for a better financial position.
A family can have more than one person contributing to the household income for a better financial position.
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♥️ \(\large{\underline{\textcolor{red}{\mathcal{SUMIT\:\:ROY\:\:(:\:\:}}}}\)
Income received by households through the lending of their money to corporations and business firms is an example of
income.
Answer:
Interest / Dividend Income
Explanation:
Answer:
Answer for EDGE is C or Interest
Explanation:
what is motivation in business
Answer:
La motivación emprendedora es un factor importante para contribuir con el desarrollo de una sociedad. También es importante el proveer instrumentos para canalizar las acciones de los emprendedores/as potenciales para obtener el exito.
[ Entrepreneurial motivation is an important factor in contributing to the development of a society. It is also important to provide instruments to channel the actions of potential entrepreneurs to achieve success..]
Explanation:
Sorry my English is not very good but I hope you understand and help you with something.
Plz help!!!!!!!!!!!!! giving brainliest for correct answer!!! Which type of degree is earned after a master’s degree?
doctorate
secondary
bachelor’s
associate’s
Answer:
Doctorate. this helps :)
Explanation:
Jordan is living out the american dream; at long last he is ready to purchase his dream home, a two-story house in a modern, happening suburb just outside los angeles. Before he can purchase the house, though, he needs a loan. At the loan office, a credit check is performed on jordan despite the fact that he insists that he is fiscally responsible. The loan office discovers that jordan has bad credit due to unpaid credit card bills and refuses to give him a loan, dashing his dreams of his first home. This credit check is an example of moral hazard. Signaling. Screening. A sin tax
This credit check is an example of screening by the company given that a credit check is being performed on Jordan. Option 3
What is a credit check?A credit check, sometimes referred to as a credit search, is when a business examines data from your credit report to comprehend your spending patterns. Although they don't always require your permission to do this, they must have a good reason (e.g. you applied for a loan with them).
Your credit reports detail the kinds of credit accounts you've had, your payment history, and other details including your credit limitations.
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Which examples demonstrate common Production work environments? Check all that apply.
Craig is a self-employed Jeweler who works in his own shop.
Rashida works in a factory making parts for machinery.
Antonio works in a quiet office filing paperwork.
Mei spends most of her time on the telephone.
Norm stands for long periods while welding in a workshop.
Carolyn performs tests on materials in a laboratory.
((answer: A, B, E))
Answer:
The answer is A,B,E
Explanation:
Jus took the test and got a 100
The examples that demonstrate common production work environment are:
Craig is a self-employed jeweler who works in his own shop. works in a factory making parts for machinery.Norm stands for long periods while welding in a workshopWhat is Production work environment?Production work environment is a workplace environment where employees conduct their work. It is where one work, including the workspace and common work areas shared with others.
The above means that production work environment is where people carry out assembling work, production work, etc.
Hence, the examples that demonstrate common production work environment are:
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
In the nation of Wiknam, the money supply is $80,000 and reserves are $18,000. Assuming that people hold only deposits and no currency, and that banks hold no excess reserves, then the reserve requirement is
In the nation of Wiknam, when the money supply is $80,000 and reserves are $18,000, then the Required reserve ratio is 22.5%.
What is money supply?The money supply is the term that is used in the macroeconomics. It refers to the total amount of currency held by the public at any given time.
There are a variety of methods to define “money,” but the most common indicators are currency in circulation and demand deposits. People hold no currency and bank holds no excess reserve.
Computation of Required reserve ratio:
According to the given information,
Money Supply = $80,000
Reserves = $18,000
Firstly, apply the formula of money supply:
\(\text{Money Supply}= \text{Money Multiplier} \times \text{Reserve}\\\\ \text{Money Multiplier}= \dfrac{\text{Money Supply}}{\text{Reserve}}\\\\\text{Money Multiplier}= \dfrac{\$80,000}{\$18,000}\\\\\text{Money Multiplier}=4.44\)
Now, as we know that:
\(\text{Money Multiplier} = \dfrac{1}{\text{Required Reserve Ratio}}\\\\\text{Required Reserve Ratio} = \frac{1}{\text{Money Multiplier}}\\\\\text{Required Reserve Ratio} =\dfrac{1}{4.44}\\\\\text{Required Reserve Ratio}= 0.225\\\\\text{Required Reserve Ratio}= 0.225 \times 100\\\\\text{Required Reserve Ratio} = 22.5\%\)
Therefore, required reserve ratio is 22.5%.
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Binz Company provides cleaning services and sells garbage bins to office clients. On June 1st, Binz delivered 100 garbage bins to a client, and also entered into a 5-year contract for Binz to provide cleaning services to that client. Which of the following is most likely to be true?
a. Revenue for the garbage bins and the cleaning services must be recognized on June 1st.
b. Revenue for the garbage bins is recognized on June 1stand no revenue will be recognized for the cleaning services until the end of the 5thyear.
c. Revenue for the garbage bins is recognized on June 1stand revenue for the cleaning service is recognized over the 5 years as those services are performed.
d. Binz Company should not recognize any revenue until the end of the 5thyear
Revenue for the garbage bins is recognized on June 1st, and revenue for the cleaning service is recognized over the 5 years as those services are performed. Binz Company provides cleaning services and sells garbage bins to office clients. Here option C is the correct answer.
On June 1st, Binz delivered 100 garbage bins to a client and also entered into a 5-year contract for Binz to provide cleaning services to that client.
As per accounting standards, Binz should recognize revenue from the sale of garbage bins and from cleaning services separately. The revenue from the sale of garbage bins should be recognized on June 1st, as this is the date on which the client receives the bins.
The revenue for the cleaning service should be recognized over the 5 years as those services are performed. This is because the client has not yet received the cleaning services, so Binz cannot recognize the revenue in advance. Therefore option C is the correct answer.
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carl's company was able to gain economic advantage over all of its competition when it premiered the digital camera into south america before them. this is an example of a_____.
Carl's company was able to gain an economic advantage over all of its competition when it premiered the digital camera in South America before them. This is an example of a first-mover advantage.
The first-mover advantage refers to the competitive edge that a company gains by being the first to enter a particular market or industry. In this case, Carl's company was the first to introduce the digital camera to the South American market. By doing so, they were able to establish their brand and product as the go-to option for consumers, potentially capturing a large share of the market and building customer loyalty.
To maintain this advantage, Carl's company should focus on continuously improving and updating their product offering, ensuring that they stay ahead of competitors in terms of technology and innovation. Additionally, they can invest in marketing efforts to further solidify their position in the market and continue to build brand awareness.
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complete question
Carl's company was able to gain economic advantage over all of its competition when it premiered the digital camera into South America before them. This is an example of a _________
QUESTION 3 of 10: A business plan is useful to:
a) Think through all aspects of the business
b) Secure financing
c) Set specific objectives
d) All of the above
Submit
Answer:
its D All the above
Explanation:
A business plan is useful to think through all aspects of the business, secure financing, and set specific objectives. Thus, the correct answer is option d, all of the above.
What is a business plan?A business plan is a formal written document that contains the goals of a company, the methods for achieving those goals, and the time frame for achieving those goals. A business plan is a written roadmap for the company's marketing, financial, and operational goals.
A business plan explains the concept behind your company and details how your product or service will be manufactured or sold. A business plan establishes specific goals and describes how your company intends to achieve them. A business plan also secures funding sources.
Therefore, for all the given options, a business plan is useful.
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The title of this talk is “Profit’s Not Always the Point.” But do you think profit is an added perk for companies that make the effort to promote positive social change? Explain.
yes, no matter what company say, they need money for funding for "social change"
SECTION B Paraphrase the following excerpt. Differentiation as an instructional approach promotes a balance between a student's style and a student's ability.
Differentiation, as a teaching method, is characterized by equal emphasis on a student's style and ability to ensure balance. The approach requires instructors to use a range of instructional techniques to cater to diverse student needs and learning styles.
With differentiated instruction, the teacher's primary goal is to create a classroom environment where every student's unique talents, skills, abilities, and experiences are celebrated, and they are motivated to achieve their full potential. By emphasizing student abilities, differentiation focuses on the positive attributes that learners bring to the classroom, thereby fostering a growth mindset that promotes learning and development.
Similarly, by catering to student styles, instructors can ensure that learners are engaged and motivated in the learning process. Therefore, differentiated instruction acknowledges that students learn differently, and instructors should create a flexible learning environment that meets diverse student needs. Ultimately, the approach leads to improved student performance, increased engagement, and a more inclusive learning environment.
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assume a project has an initial cash outflow followed by seven years of cash inflows. if the discount rate increases, the present value will: multiple choice change, but the direction of the change is unknown. decrease. remain unchanged, but the timing of the cash flows must change. increase. remain unchanged.
There is inverse relationship between present value and discount rate. It means that increase in discount rate will result in decrease in present value.
What is discount rate?
The interest rate charged to commercial banks and other financial institutions for short-term loans they obtain from the Federal Reserve Bank is referred to as the "discount rate."
The Fed's lending facility, known as the discount window, uses the discount rate. The interest rate used in discounted cash flow analysis (DCF) to calculate the present value of future cash flows can also be referred to as a discount rate.
In this situation, firms and investors can utilize the discount rate to plan potential investments. The discount rate determines whether an investment project is financially viable or not by expressing the time value of money in DCF.
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Which person's unemployment is an example of frictional unemployment?
А
a rocont collogo graduato who is sooking to enter the workforce for the first timo
B
a factory worker who was laid off during a recession in order to cut operating costs
a retail salesperson who is looking for work after a period of seasonal employment at a departmen
D
an inexperienced computer programmer who lacks the human capital sought after by employers in
A. Multiple Choice: Choose the correct 1. Many farmers may forget to check the troubleshooting section, which can cost them even more time out of the field. a. Not reading the Operator's Manual b. Improper Maintenance c. Poor electrical connection d. Overrunning machines capability e. Not replacing wom out when needed
Answer:
E.Not replacing whom out when Needed
3. ______ are defined as goods or services that are required for health and safety.
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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A defining characteristic of a natural monopoly is that
A. it exists because of legal barriers to entry.
B. it has no close substitutes.
C. its average total cost curve slopes downward as it intersects the demand curve.
D. its demand curve slopes downward.
A defining characteristic of a natural monopoly is that it has no close substitutes. A natural monopoly occurs when a single firm can efficiently serve an entire market due to various factors such as economies of scale or network effects.
The absence of close substitutes is a key feature of a natural monopoly. This means that the goods or services provided by the monopolistic firm have unique qualities or are difficult to replicate by other competitors in the market.
The lack of close substitutes gives the monopolistic firm significant market power and control over pricing. Since consumers do not have viable alternatives, the firm can set prices at levels higher than in a competitive market. This can lead to higher profits for the monopolistic firm but can also result in reduced consumer welfare due to the lack of price competition.
It is important to note that the other options listed in the question (A, C, and D) do not represent defining characteristics of a natural monopoly. Legal barriers to entry (option A) may contribute to the establishment or persistence of a monopoly, but they are not inherent to the concept. The downward-sloping average total cost curve intersecting the demand curve (option C) and a downward-sloping demand curve (option D) are not specific to natural monopolies and can be present in other market structures as well.
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Newly produced goods and services that households buy are considered with one very important exception:
In the context of the circular flow of the economy, where money moves from households to businesses in exchange for products and services, newly generated goods and services that households purchase are taken into account.
Newly created items and services that consumers purchase are typically essential to the flow of economic activity, boosting output and generating wealth.
One notable exception, though, is when used or secondhand goods are bought. Unlike new purchases, used purchases involve redistributing existing products without contributing to their creation, therefore they do not directly help current production and income development.
Thus, although transactions for used items involve financial exchanges, they are not part of the present economic production cycle, indicating a unique component within the larger context of consumption.
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Frank Meram attended a presentation by Robert MacDonald, who was promoting his new book, Cheat to Win. MacDonald was a multimillionaire who had started as an insurance agent and built his company, LifeUSA, to a worth of more than a billion dollars at the time of the presentation. Meram attended along with approximately 100 other people. At the beginning of the presentation, MacDonald announced that one of the attendees would leave that day with $1 million. All that was required was to place a business card in the basket that he passed around and to stay until the end of the presentation. MacDonald pulled Meram’s business card from the basket. He congratulated Meram and then explained "how this works." MacDonald said Meram would receive one dollar per year for a million years. He gave Meram $100 in cash for the first 100 years. According to MacDonald, all Meram had to do was attend a presentation once a year to claim the rest of the million dollars. MacDonald laughed and thanked everyone for coming. Meram, on the other hand, filed suit against MacDonald and his company’s parent, Allianz Sales, seeking the remainder of the promised $1 million. Did MacDonald make a valid offer that Meram accepted by placing his business card in the basket and staying until the end of the presentation?
No, MacDonald did not make a valid offer that Meram accepted by placing his business card in the basket and staying until the end of the presentation.
In order for a valid contract to be formed, there must be an offer, acceptance of that offer, consideration (something of value exchanged between the parties), and an intention to create a legal relationship.
In this case, while MacDonald made an announcement stating that one of the attendees would leave with $1 million, there was no clear offer made to Meram individually. It was a general statement to all attendees.
Additionally, the terms of the so-called offer were not reasonable or feasible. MacDonald stated that Meram would receive one dollar per year for a million years, starting with $100 in cash.
However, the concept of paying someone over such an extended period of time goes against the principle of "certainty of terms" required in contract formation. It would be practically impossible to guarantee payment for a million years, making the offer illusory.
Since there was no individual offer made to Meram, and the terms of the supposed offer were not reasonable or feasible, Meram cannot claim the remainder of the promised $1 million from MacDonald or his company.
The lawsuit filed by Meram against MacDonald and Allianz Sales is unlikely to succeed based on the lack of a valid contract.
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how did the once-ler create a ""demand"" for his thneeds?
In "The Lorax," the Once-ler created a "demand" for his Thneeds by marketing them as a versatile and necessary item.
The Once-ler used persuasive language to convince people that Thneeds were a must-have item for their everyday lives. He created commercials, and billboards, and even went door-to-door to advertise the product.
He also made the product scarce, increasing its perceived value and driving up demand. Through these tactics, the Once-ler was able to create a frenzy around the Thneed, ultimately leading to the destruction of the Truffula trees and the surrounding environment.
This serves as a cautionary tale about the dangers of unchecked consumerism and the importance of environmental conservation.
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HURRY!! Sarah is working at a daycare center. She just thought of a way to streamline the way parents drop off and pick up their children. When she mentions her idea to the director, he asks her to present it at the next staff meeting. What aspect of a good professional relationship is the director demonstrating?
Group of answer choices
Trust
Respect
Boundaries
Diversity
Answer:
Explanation:
Trust
A number of transactions of Claypool Construction are described below in terms of accounts debited and credited:
1. Debit Wages Expense; credit Wages Payable.
2. Debit Accounts Receivable; credit Construction Revenue.
3. Debit Dividends; credit Cash.
4. Debit Office Supplies; credit Accounts Payable.
5. Debit Repairs Expense; credit Cash.
6. Debit Cash; credit Accounts Receivable.
7. Debit Tools and Equipment; credit Cash and Notes Payable.
8. Debit Accounts Payable; credit Cash.
Indicate the effects of each transaction upon the elements of the income statement and the balance sheet. Select I for increase, D for decrease, and NE for no effect in the column headings below to show the effects of the above transactions.
The Transaction 3 (Dividends) decreases equity as it involves distributing cash to the owners/shareholders. Other transactions do not directly impact equity.
Here is a table illustrating the effects of each transaction on the elements of the income statement (revenue and expenses) and the balance sheet (assets, liabilities, and equity):
| Transaction | Revenue | Expenses | Assets | Liabilities | Equity |
|-------------------|-----------|-----------|--------------|-------------|--------|
| 1. Wages | NE | I | NE | I | NE |
| 2. Construction | I | NE | I | NE | NE |
| 3. Dividends | NE | NE | D | NE | D |
| 4. Office Supplies| NE | NE | I | I | NE |
| 5. Repairs | NE | I | NE | NE | NE |
| 6. Accounts Rec. | I | NE | I | NE | NE |
| 7. Tools & Equip. | NE | NE | I | I | NE |
| 8. Accounts Pay. | NE | NE | NE | I | NE |
I - Increase
D - Decrease
NE - No Effect
- Revenue: Transaction 2 (Construction) and transaction 6 (Accounts Receivable) both increase revenue. Other transactions do not directly impact revenue.
- Expenses: Transaction 1 (Wages) and transaction 5 (Repairs) increase expenses. Other transactions do not directly impact expenses.
- Assets: Various transactions impact assets. For example, transaction 2 (Construction) and transaction 6 (Accounts Receivable) increase assets, while transaction 7 (Tools and Equipment) increases assets but also increases liabilities through the Notes Payable credit.
- Liabilities: Transaction 1 (Wages) and transaction 4 (Office Supplies) increase liabilities. Transaction 7 (Tools and Equipment) increases liabilities through the Notes Payable credit.
- Equity: Transaction 3 (Dividends) decreases equity as it involves distributing cash to the owners/shareholders. Other transactions do not directly impact equity.
It's important to note that the effects on specific accounts within the income statement and balance sheet may vary based on the specific amounts and account balances involved in each transaction.
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