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tekilochka [14]
2 years ago
12

a company purchased supplies for cash, which will be consumed during future months. which of the following correctly describes t

he impact of the supplies purchase on the financial statements?
Business
1 answer:
harina [27]2 years ago
4 0

The answer choice that correctly describes the impact of the supplies purchase on the financial statements is A. total assets will remain unchanged.

<h3>What is an Asset? </h3>

This refers to financial property owned by a company or individual that has some degree of value.

Hence, we can see that given the fact that a company purchased supplies for cash that would be used in a few months, this would leave the total assets unchanged.

Read more about assets here:

brainly.com/question/11209470

#SPJ11

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To handle products in the decline stage of the product life cycle, companies often use either a ________ strategy or a ________
quester [9]

To handle products in the decline stage of the product life cycle, companies often use either a <u>divesting </u>strategy or a <u>harvesting </u>strategy.

The rate of decline is governed by means of two factors: the charge of alternate customer tastes and the fee at which new products are input into the market. Sony VCRs is an instance of a product within the decline degree. The call for VCRs has now been surpassed through the demand for DVDs and online streaming of content material.

Decline techniques are also known as protective techniques and are pursued when a business enterprise finds itself in an inclined position as a result of negative management, inefficiency, and ineffectiveness.

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5 0
1 year ago
He United States–Mexico–Canada Agreement (USMCA) includes new guidelines for digital trade and regulatory practices between the
frutty [35]

It is a true statement that the United States–Mexico–Canada Agreement includes new guidelines for digital trade and regulatory practices between the three nations.

<h3>What is the United States–Mexico–Canada Agreement?</h3>

It a trade deal negotiated by Donald Trump between the three nations which was signed on November 30, 2018.

It replaced the North American Free Trade Agreement which had been in effect since January of 1994.

The USMCA does includes new guidelines for digital trade and regulatory practices between the three nations.

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4 0
2 years ago
Paper Clip Company sells office supplies. The following information summarizes the​ company's operating activities for the​ year
nydimaria [60]

Answer:ummarizes the​ company's operating activities for the​ year: Utilities for the store ​$ 10 comma 300 Sales commissions 10 comma

Paper Clip Company sells office supplies. The following information summarizes the​ company's o

Explanation:ies for the store ​$ 10 comma 300 Sales commissions 10 comma 300 Sa

ies. The following information summarizes the​ company's operating activities for the​ year: Utilities for the store ​$ 10 comma 300 Sales commissions 10 comma 300 Sales revenue 164 comma 100 Purchases of merchandise 89 comma 000 January 1 inventory 27 comma 400 Rent for st

4 0
3 years ago
Force Corporation is owned equally by Luke and his sister Leia, each of whom own 200 shares in the company. Force redeemed 100 s
murzikaleks [220]

Complete question:

Force Corporation is owned equally by Luke and his sister Leia, each of whom own 200 shares in the company. Force redeemed 100 shares of Luke’s stock in the company on December 31 of this year paying Luke $1,000 per share. Luke’s income tax basis in each share is $500. Force has total E&P of $800,000. What are the tax consequences to Luke as a result of the stock redemption?

a)$50,000 capital gain and a tax basis in each of his remaining shares of $500.

b)$50,000 capital gain and a tax basis in each of his remaining shares of $1,000.

c)$100,000 dividend and a tax basis in each of his remaining shares of $500.

d)$100,000 dividend and a tax basis in each of his remaining shares of $1,000.

Answer:

$50,000 capital gain and a tax basis in each of his remaining shares of $500.

Solution:

The sale should be viewed as an swap as Luke decreases the shareholding from 50 per cent (200/400) to 33 per cent (100/300).

Luke is not regarded as the shareholder of any property held by his dad.

Luke records a capital benefit of $50,000, measured as $100,000 – $50,000.

∴ $50,000 capital gain and a tax basis in each of his remaining shares of $500.

7 0
3 years ago
When joan got transferred to a new city, she went there ahead of the rest of her family and independently shopped for and purcha
d1i1m1o1n [39]
Joan's decision would be described as a "heuristic decision"
8 0
3 years ago
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