1. In 2016, a wholly-owned subsidiary sold land costing $100,000 to its parent for $140,000. In 2020, the parent sold the land to an outside company for $150,000. On a working paper prepared to consolidate the accounts of the parent and its subsidiary in 2020, the eliminating entry connected with this land sale includes A. no entry; the land is no longer in the consolidated entity B. a $40,000 debit to the investment in subsidiary account C. a $50,000 debit to beginning retained earnings D. a $40,000 credit to gain on sale of land

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

i would prefer to go with the news article for nate, its recent and updated and stores a lot of information

answer; decentralized;

answerprotecting competitors;