Josie refuses to accept a puka shell bracelet as a gift from a member of a Badjao
tribe. What is manifested in the statement?
2. Angela observed and respected a ritual of an indigenous group that she visited.
What is manifested in the statement?
3. Col Tiu found the notion of crumbling whenever she would see fellow Filipinos,
treating each and every Chinese national (including those originally from the
Philippines) with disgust and prejudice because of the sudden mass outbreak of
the Covid-19. What is shown through Col Tiu ‘s idea?
4. The widespread news that bat soup is one of the most popular dishes in Wuhan,
made ugly slurs and comments about how the Chinese prepare their food or what
kind of food they eat. What was manifested through the statement?
5. Aljin, who is a Muslim, keeps silent whenever her Christian classmates pray.
In accounting, sales revenue is the amount of money gained from selling products to customers. It is classified as a revenue and will cause the increase of equity as it will cause the inflow of money to the business. This will increase the amount of cash in asset and the in effect, will also increase the equity of the business.
The correct answer among the listed choices is letter a. Cash is considered the most liquid type of a current asset. This is a resource of a company that is readily available as a converted cash and can pay short-term debts.ASSETS
In accounting, assets are any resources with value owned by the business, company, entity or person. These are legally owned by the business or entity. Assets have two categories, these are:Current AssetsNon-current Assets1. Current Assets
-these are assets that can be readily converted to cash in a normal operating cycle of a business. Normal operating cycle is within 1 year.Some Examples of Current AssetsCash and cash equivalentsAccounts ExpensesMarketable Securities/ Short-term Investments2. Non-current Assets
-these are long-term assets or long-term investments that have a longer useful life that is usually more than 1 year. Not easily convertible to cash.Some Examples of Non-Current AssetsLandProperty, Plant and EquipmentTrademarksLong-term InvestmentsGoodwillOther Assets
All fixed assets and intangible assets fall under the category of non-current assets.
Further related topics about assets and liabilities
What is the opposite of assets
For related topics about fundamental accounting equation
Accordingly, the Mckinsey Global Institute reported that internet speed, particularly faster connections, enable economic growth that leads to more jobs and wealth. This research was made on 13 countries that account for over 70 percent of the global gross domestic product (GDP).