Answer:
patent on the consolidated estament: 32,000
Explanation:
45,000 x 80% = 36,000
36,000 / 9 = 4,000 amortization per year
patent of Grand heaven
<u> debit credit </u>
36,000 recognize at purchase
4,000 december 31th amortization
32,000 balance.
<u>Answer:
</u>
This scenario is an example of the principle of economics that says trade can make everyone better off.
<u>Explanation:
</u>
- Devising the financial value of time and activities is critical when it comes to financial management.
- It is preferable to an activity only if it is worth the time that is being allotted to it.
- It the same time can be spent on something that would fetch more returns, continuing to do the same activity is worthless.
Answer:
A) True
Explanation:
Organizing a partnership has several advantages; it is much faster, simpler and easy, start up costs are very low, etc.
But it has one huge disadvantage over a corporation, the partners are completely liable for the partnership's debts and obligations. That means that if the partnership goes bankrupt, the partners must pay all the debts and obligations. While a corporation's stockholders are only liable for the amount they invested in stock, i.e. you buy $10,000 in stock, then all you can lose is $10,000.
Also a corporations stocks are easily traded while a it is very complicated to transfer partnerships' rights.
The amount of interest you are charged on credit card purchases.
