Answer: Both Arianna and Alexander
Explanation: This is a general partnership. In a general partnership, all partners are personally liable for all business debts. They do not need to have any agreement to be partners or register their partnership formally to enter into a general partnership. The fact that they share an office, have a joint sign and an account is sufficient to establish this form of partnership.
Also, in a general partnership, each partner is held severally liable, that is if one of them is liable to pay a business debt and cannot afford to pay, the other partner has to.
<span>The shosoin is an existent record of the trades along the Silk Road between the east and the west. It has items like Persian bowls, lutes, and Chinese silks. The shosoin has over nine thousand items that show the culture of the people that traded on the Silk Road.</span>
Answer:
The correct answer would be Command Economic System.
Explanation:
Economic systems define the control of the government on the economic resources and the institutions of the country. There are four major economic systems. One is Traditional Economic System, other is Command Economic System, third one is Market Economic System and the fourth one is Mixed Economic System.
Command Economic System is an economic system in which the central powers are with the government. Government regulate the decisions of economy as well as of the institutions. In this type of economy, the government dictates the companies to do whatever the government says and thinks is the best for the country's economy.
So in this question, government thinks that the best way to overcome the trade deficit is to increase the exports of the Sedan cars at a competitive price in the international market without seeking any advice from the automobile manufacturers. This type of economic system is called the Command Economic System.
Answer:
Following are the solution to this question:
Explanation:
By IAS 1 — Annual Report presentation, 3 concepts were all first consideration, its second consistency as well as the third reporting framework related to investment based that can be define as follows:
- Full accrual basis: its IAS 1 allows an organization to compile all financial reports through an accounting standards basis, with exception of working capital details. Even more cash accounting is a method to record profit or expenditure account balances when they are made.
- All financial statements throughout the United States were repayment-based. Any cost will not be reported underneath the accrual system once it is accruing. It implies that recognition is irrelevant whenever a company pays cash to pay an expense.
- Thus the allocation of 2 million to the year that the Pleasant Corp. was created must be listed as just an expense. As well as the remaining payment amount must be listed as expenses once it is paid. Future interventions throughout the current FY should not be published.
- Also, notice the payment incoming to ensure that you will be prepared when due, but just don't join the way of supporting using the cash method. It simply reports an expense of what you are pay if you make a payment when you choose to use the cash method. Consequently, until the next date, you would not modify your reporting, which is also known as journal entries.
