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2 years ago

You find a printed document marked as 'Confidential' on the desk of your colleague who has left

1 answer:

3 0

Confidential papers are extremely well-protected materials. So, if I come across a document with Confidential scrawled on it, I'll simply tuck it under the door.

<h3>What basically constitutes confidential papers?</h3>

All plans, designs, renderings, reports, analyses, studies, records, agreements, summaries, notes, and other materials and documents relating to the Developer, whether written or given orally, are considered Confidential Documents.

As a result, in the scenario above, I will simply place the confidential paper in the drawer of a coworker.

Learn more about confidential papers:

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16p²-4pq+25q² please I need help

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Answer:

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3 years ago

A high school student working part-time as a shelf stocker had a gross income of $6675 last year. If his federal tax rate was 10

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3 years ago

Read 2 more answers

Gray is a 50% partner in Fabco Partnership. Gray's tax basis in Fabco on January 1, year 4, was $5,000. Fabco made no distributi

arsen [322]

Answer:

$21000

Explanation:

To determine Gray’s tax basis for a 50% interest in the Fabco Partnership, The interest is increased by the partner’s distributive share of all partnership items of income and decreased by the partner’s distributive share of all loss and deduction items.

Gray’s beginning basis = $5,000

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3 years ago

Accounts Receivable. At year-end, the L. Cole Company has completed services of $23,500 for a client, but the client has not yet

Andre45 [30]

Answer and Explanation:

for Accounts Receivable. At year-end, the L. Cole Company has completed services of $23,500 for a client, but the client has not yet been billed for those services:

accounts receivable is debited and service revenue is credited for $23,500 because the company has provided service to customer and so company would recognize revenue by crediting service revenue for increase in revenue and since the payment is not yet made accounts receivable being asset is debited for increase in balance.

for Interest Receivable. At year-end, the company has earned, but not yet recorded, $570 of interest earned from its investments in government bonds:

interest receivable is debited and interest income is credited for $570 because the company has earned interest and so interest is income for the company and so interest income is credited for increase in revenue. The interest is yet to be received by the company and therefore interest receivable being asset is debited for increase in balance.

for Accounts Receivable. A painting company bills customers when jobs are complete. The work for one job is now complete. The customer has not yet been billed for the $1,660 of work.:

accounts receivable is debited and service revenue is credited for $1,660 because the company has provided service to customer and so company would recognize revenue by crediting service revenue for increase in revenue and since the payment is not yet made accounts receivable being asset is debited for increase in balance.

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3 years ago

In January 2017, Domingo, Inc., acquired 20 percent of the outstanding common stock of Martes, Inc., for $889,000. This investme

jasenka [17]

Answer:

$923,450

Explanation:

The question is to calculate the equity method balance of Domingo's investment in Martes. Inc at December 31,2015

Step 1: Determine the amortization of patents

Particulars Amount

Martes Inc Assets' Book Value $4,808,000

Subtract: Liabilities ($968,000)

Martes Inc Net Assets Book Value $3,840,000

20% Voting Stock Book Value $768,000

(20% of $3,840,000)

Subtract: Purchase cost of the 20% ($889,000)

Excess of Cost over book value $121,000

Patent (the excess above) $121,000

Amortization of the patent in 10 years = $121,000/10 years = $12,100

Step 2: Calculate the Equity Investment of Domingo Inc

Particulars Amount

Cost of Investment $889,000

Income accrued 2017 (0.2 x $225,000) $45,000

Subtract: Declared dividend (0.2 x $104,000) ($20,800)

Income Accrued 2018 (0.2 x $276,250) $55,250

Subtract: Patent Amortization ($12,100)

Subtract: Dividend declared 2018 (0.2 x $104,000) ($20,800)

Subtract: Patent Amortization ($12,100)

Domingo Inc's Investment in Martes Inc $923,450

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4 years ago