Having a good credit score
Answer:
Randolph's basis in the distributed investment and land are as follows:
Investment = $10,000
Land = $23,000
Explanation:
The first step is that Randolph's basis in his RD Partnership interest of $48,000 is allocated to the distributed assets in an amount equal to the basis RD Partnership.
After this, Randolph will allocate remaining basis to assets which are not cash, hot assets and investment with unrealized appreciation.
Based on the above explanation, Randolph's basis in the distributed are as follows:
Cash = $15,000
Investment = Investment's Inside basis = $10,000
Land = Randolph's basis in his RD Partnership interest - Cash - Investment = $48,000 - $15,000 - $10,000 = $23,000
Answer:
$5100
Explanation:
The cost of the inventory in $25000 and the cost of shipping it to the consignee, $500.
The cost of marketing brochures an comissions are recognized as expense and do not affect inventory. If 80% of the inventory was sold, 20% remains, which will have a carrying value of $25,500 X 20% = $5100
Answer:
Notes Payable - Balance sheet
Advertising expense - Income statement
Common stock - balance sheet
Cash - balance sheet
Service revenue - income statement
Dividends - Statement of Retained Earnings
Explanation:
A. Notes payable will appear on Balance sheet(Under Liability)
B. Advertising expense will appear on Income statement(Under expense)
C. Common stock will appear on Balance sheet(Under Equity)
D. Cash will appear on Balance sheet(Under Asset)
E. Service Revenue will appear on Income statement(Under revenue or sales or income)
F. Dividends will appear on Statement of Retained Earnings which is the same thing as Statement of Owner's Equity
Answer:
a. 9,000; 10,000
Explanation:
The computation is shown below:
The money multiplier is
= 1 ÷ 0.10
= 10
Now If $1,000 are deposited in banks and the expected reserve ratio is 0.10 ration so the lending amount is $900.
And now if we considered the money multiplier, so it would be increased by
= $900 × $10
= $9,000
And, the increase in money supply is
= $9,000 + $1,000
= $10,000
Hence, the correct option is a.
