Answer:
assets = liabilities + equity
a) NA - $6,400 AP
<u>+ $6,400 NP</u>
net effect $0
b) NA + $128 interest - $128 retained
payable earnings
c) -$6,528 cash -$6,400 NP NA
-$128 interest p.
revenue - expenses = income
a) NA NA NA
b) $0 $128 -$128
c) NA NA NA
2/ About two thirds of the discretionary spending is spent on defense.
Matches is the correct term
Answer:
$7,500
Explanation:
A few points must be considered in order to calculate ther realized gain.
1. Although Robert's stock in Lebec Corporation was $15,000 at cost, it was sold to Karen (his sister and related party) for $8000. Since it is related party transaction, the loss of $7000 ($15,000-$8,000) cannot be reported as a loss.
2. Karen's basis for the stock is $8000 (the amount she bought it from her brother).
3. Karen sold the stock to Dana for $15,500. The realized gain since Dana is not related is $15,500-$8,000= $7,500. This becomes the realized gain since it is an unrelated party transaction.
Workers in an industry join together to form an industrial union, regardless of their trade or level of expertise. They now have stronger negotiating and strike power as a result.
Welders, electricians, factory line workers, and stock loaders and unloaders are just a few of the workers who are represented by the United Auto Workers, making it an industrial union.All of the workers are employed by the automobile industry.One of the biggest and most varied unions in North America is the UAW. Each economic sector is represented among its members.The UAW represents a variety of workplaces, including large, diverse enterprises, small manufacturers, state and local governments, as well as hospitals, private non-profit organizations, and institutions of higher education.
Both active and retired members of the UAW are united. Retirees are highly interested in the union and contribute greatly to its community outreach initiatives.The UAW has constantly formed creative alliances with companies and achieved pay raises and member benefits. The following are some of the bargaining advances used by the UAW:The first industrial worker health insurance program sponsored by an enterprise.The initial cost-of-living adjustments.Contributing to advances in product quality.
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