BUSN 11 Introduction to Business Student Edition
11th Edition
ISBN: 9781337407137
Author: Kelly
Publisher: Cengage Learning
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Question
Chapter 2, Problem 1LO
Summary Introduction
To discuss: Economics and the global economic crisis.
Expert Solution & Answer
Explanation of Solution
The study on the choices that are made by the people, governments, and companies for the allocation of the society’s resources is known as economics. The significant global economic crisis are as follows:
- A slowdown in the economy of country C and the parallel instability financial growth in the shadow banking system.
- A collapse in the currencies of the emerging market and an economic slowdown.
- A drift towards the deflation of the economies in country E and problems of economic stagnation.
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Kindly help me with accounting questions
FOOD BLON
NVASIONTH
a)
b)
A-27
Give journal entries, ledger accounts and Balance Sheets under the
following methods of treatment of goodwill:-
If goodwill is raised and written off.
If goodwill is brought in cash and withdrawn from the business.
(B.Com., Osm) (Ans. Balance Sheet total (under both methods of treatment
85,000)
16. C and D carrying on business in partnership and sharing profits 5/8 &
3/8th require a partner when their Balance Sheet stood as follows.
Balance Sheet
Liabilities
Assets
Creditors
10,000 Cash
Reserve Fund
20,000
Debtors
Capitals:
Stock
C
40,000
Investment
D
20,000
60,000 Plant
90,000
2,400
20,000
10,000
7,600
50,000
90,000
They admit E into partnership giving him 1/8th share on the following terms:
Stock to be depreciated by 20 per cent, a provision of 5 percent on debtors is
to be made for doubtful debts, investments are to be brought in the new firm
at an agreed value of 6,000 and Plant to be appreciated by 20 per cent.
E brings in 16,000 as his share of…
General Accounting Question solution please fast
Chapter 2 Solutions
BUSN 11 Introduction to Business Student Edition
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