John Hamilton borrowed $500,000 from Stone Creek Bank to open a new restaurant called Sauce-It-Up. John transferred $450,000 of the cash he borrowed to the restaurant on the first day of the year. This statement includes how many reporting entities?

3 reporting entities

Explanation:

The above statement includes 3 reporting entities. The reporting entities are

John, Sauce-it-up and Stone Creek bank.

The transaction will be between the above 3 entities named above and it will show

For John,

An increase of his account balance by $500,000 first, then later by $50,000. This as a result him transferring $450,000 to sauce-it-up accounts. This leaves his cash increase at $50,000.

For Sauce-it-up,

An increase in account balance of $450,000 will occur in its account which is as a result of the said amount being transferred to the account by John from the $500,000 he borrowed from Stone creek bank.

For Stone creek bank,

A decrease of $500,000 will reflect in its account being tranfer of the loan to John for the startup of sauce-it-up.

I hope this helps.

answer; ///usually the ( irs ) selects returns that are the most likely have errors,based on complex criteria;

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