Answer:
The correct answer is: Liability.
Explanation:
A liability is an obligation that arises during the course of business. It represents a third party's claim in the company's assets usually from lenders or other creditors. Liability can arise in many different ways. Liabilities can be borrowing or a promise to pay later or any other type of obligation because of past transactions.
Answer:
$478,000
Explanation:
Purchase inventory = cost of goods sold + ending inventory - beginning inventory
Purchase = (445,000 + 76,000) - 43,000 = $478,000
C. Revising is always required or at least advised
Answer:
Theory of Efficient markets
Explanation:
According to this theory stock prices react instantaneously to new information