Expert answer:business, balance sheets and assets, Accounting Qu
Answer & Explanation:Please answer the following questions.A business is considered to as a diversified business or a conglomerate if it works ina) many unrelated industriesb) one single major industryc) many related industriesd) many and varied locations throughout the worldWhich of the following should be deducted in the balance sheet of a company from the share capital to find out paid up capital?a) Discount on issue of sharesb) Calls – in advancec) Calls-in arrearsWhich of the following items would not fall under the definition of an asset?a) Owner’s equityb) Machineryc) LandCreate and answer one Accounting question of your own.Ask a question and develop 4 multiple choice responses, 1 correct and 3 incorrect.
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