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ladessa [460]
2 years ago
5

The Balance Sheet Identity is:

Business
1 answer:
olganol [36]2 years ago
5 0

Answer: D

Explanation: Assets = Liabilities + Owners Equity

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Mackie Services operates a website that links experienced statisticians with businesses that need data analyzed. Statisticians p
jasenka [17]

Answer:

d. Revenue of $375

Explanation:

The amount paid by the Vetmed associates is an expense for associates

The amount received by statisticians is a revenue for them

Mackie Services an intermediate between the two and so, the percentage amount received by Mackie Services is a revenue

Mackie's income statement would include a revenue of:

= Amount paid to statisticians * % Received

= $1,500 * 25%

= $375

6 0
3 years ago
Art likes to invest his spare cash in the stock market. In the past, he has focused on growth stocks and long-term value to take
atroni [7]

Answer:

Explanation:

a

8 0
2 years ago
Subprime lending means lending to borrowers and charging interest that is below the current prime interest rate.
STALIN [3.7K]

Answer:

<em>False</em>

Explanation:

<em>Subprime lending means lending to borrowers and charging interest that is </em><u><em>above</em></u><em> the current prime interest rate. </em>

The <em>current prime interest</em> refers to the rate offered to the best credit rated customers based on their credit history. This rate is lower as it is meant to be an attraction for the customers who are good credit payers and takers.

The <em>sub-prime lending</em> refers to giving loans at a rate higher than current prime interest rate to the borrowers who are lower on credit rating. This lending takes on higher risk and hence thereby charges higher interest from the borrowers.

8 0
2 years ago
PLEASE HELP!!!!
-BARSIC- [3]

Answer:

legal contract

Explanation:

should be it or currency

6 0
3 years ago
Read 2 more answers
The purpose of the Splish Brothers Division is to develop a nuclear-powered aircraft. If successful, traveling delays associated
Ber [7]

Answer: Please refer to Explanation.

Explanation:

Your question was incomplete so I attached the missing details.

The Carrying Amount of the Division has to be ascertained to move forward as it is needed in calculating the loss on Impairment. It is calculated by subtracting Goodwill from the Net Assets.

= 496 - 214

= $282 million

Calculating the Loss on impairment is done by the following formula,

= Market Price - Carrying Amount of the Division (net of Goodwill) - carrying value of Goodwill

= 335 - 282 - 214

= -$161 million.

Journal Entry

DR Loss on Impairment $161 million

CR Goodwill $161 million

(To record the loss on Impairment)

8 0
2 years ago
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