Answer:
the ending balance of the investment account is $870,000
Explanation:
The computation of the ending balance of the investment account is shown below:
= Beginning balane + [(earns - dividend) × (owns shares ÷total shares)]
= $750,000 + [($1,200,000 - $960,000) × (20,000 ÷ 40,000)]
= $750,000 + $120,000
= $870,000
Hence, the ending balance of the investment account is $870,000
Answer:
$32,300
Explanation:
With regards to the above, the amount of total assets is the addition of current assets + Fixed assets.
= Accounts receivables + Cash + Truck equipment
= $7,000 + $7,300+ $8,000 + $10,000
= $32,300
Therefore ,
Total assets = $32,300
A disadvantage to joining a family business is that: c. one individual must take on all of the financing responsibilities.
Another disadvantage are you can feel trapped, you have no oppurtunity to advancement.
hope this help