DQ 2 Essay Example | Topics and Well Written Essays - 250 words

DQ 2 - Essay Example There are three main financial statements that are usually affected when a company makes any transaction. Purchase of an asset does not qualify as an expense, since it is a financing activity, which means that the income statement is not affected or changed. The balance sheet is used to record the final balances in the asset, liability and equity accounts of a firm, which means that this transaction will affect the balance sheet. When the company takes the loan, the cash account (current asset) increases by $150,000, and the loan account (Liability) also increases by $150,000. When the company purchases the asset, the cash account (current asset) reduces by $150,000, and the equipment account (Long-term asset) increases by $150,000. The other financial statement that is affected is the cash flow statement, since the transaction of purchasing the asset is a cash flow for an investing activity. In this case, the cash flow for investing activities will be increased by

Just answer the Question Essay Example | Topics and Well Written Essays - 250 words

Just answer the Question - Essay Example It is undoubted that human beings have played a significant role in climate change leading to depredation of the biosphere and extinction of vast species of flora and fauna. With no qualm, the earth’s biodiversity faces constant threats that would merit some intervention. However, time is a healing factor. Let the earth be for the next one million years and the current tribulations it faces will be past tense, safely buried in the world of history. If the world needs no saving, what does? Humanity is obviously under threat. Human beings are headed for extinction taking many more species with them besides the ones that have already disappeared. The human race population is fast skyrocketing and will soon surpass the carrying capacity of the earth (Cobb Para 5). Human activities such as burning of fossil fuels releasing excess carbon dioxide into the atmosphere, thus accentuating global warming can only do more harm to humans and other species essential for the continuity of humanity. Consequently, man’s efforts to curb adverse phenomena such as global warming are focused more on saving humanity rather than the world. Therefore, the world needs no saving as does humanity because it can cope with its tribulations over