Answer:
Lake Co.
Current Liability for Advances from Customers in Dec. 31, 2021 balance sheet:
Amount to report as current liability for advances from customers:
= $127
Explanation:
Advances from Customers:
Dec. 31, 2020 balance $120
Cash received 189
Total liability $309
Earned Revenue 182
Current liability $127
Advances, which Lake Co., received from customers for orders not yet fulfilled are recorded as deferred revenue or liabilities because Lake Co. is still owing the respective customers until the services or goods are provided. Earned Revenue is the value of revenue that would be reported in the income summary for which exchange of value or promises had been completed.
It’s mainly talking about money and workers and how businesses increase the focus on the task soo i think the answer is “The economy”
Answer:
$730,000
Explanation:
In the given question, the building was purchased and it repairs also. Plus, annual taxes are applicable to the property. The current market value and the book value of the building is also given in the question
For including the amount in the initial cash flow for the building project we consider the current market value of the building i.e $730,000. No other cost should be recognized
Charitable donations or giving from a corporate entity is frequently described as genuine altruism. This is because they are giving without expecting something in return.
