For each choices, please provide an explanation why they are rather correct or wrong. Thank you! The development economics is concernedwitha. economic, social, and politicalinstitutionsb. efficient allocation of scarce resourcesc. imperfect resource and commoditymarketsd. none of the abovee. first and second choice only

To explain the correct option as,

Answered: conomics is concerned

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Required information [The following information applies to the questions displayed below.] Stark company has the following adjusted accounts with normal balances at its December 31 year-end. $ 28,000 Accumulated depreciation-Buildings 4,200 Accounts receivable Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Services revenue 840 Utilities expense 10,000 Interest payable 2,100 Unearned revenue 44,000 Supplies expense 9,200 Buildings 3,500 Dividends 27,000 Depreciation expense-Buildings 105,000 Income Statement Complete this question by entering your answers in the tabs below. Expenses Use the adjusted accounts for Stark Company to prepare the (1) income statement and (2) statement of retained earnings for the ye ended December 31 and (3) balance sheet at December 31. The Retained Earnings account balance was $99,800 on December 31 the prior year. Supplies Retained earnings Statement of Retained Balance…
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