<span>they were rich in resources and thinly settled</span>
Answer:
The journal entry is as follows:
Cash A/c Dr. $18,000
Equipment (Fair value) A/c Dr. $9,000
To N's capital $27,000
(To record the investment bought by Nichols)
Workings:
Cash contributed by Nichols = $18,000
Equipment's Book value = $6,300
Fair value of equipment = $9000
Nichols capital = $18,000 + $9,000
= $27,000
Choices/ The way goods and services are produced and provided to consumers, and to used by them.
Answer: d) Dutch auction
Explanation:
Dutch Auction refers to a type of Public Offering in which the issuing company holds a sort of auction and receives bids on the shares that it has in. Using these bids they are able to set a price for the stock which is the highest price received.
However, the bids are based on the amount an investor can buy in terms of quantity and price. The lowest acceptable bid is then charged on all the stock and is called the Uniform auction price which is what Blue Stone paid thereby making this a Dutch Auction.
