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Dominik [7]
2 years ago
9

Costs are all of the costs associated with an economic exchange?

Business
1 answer:
kodGreya [7K]2 years ago
4 0

Transaction costs are all of the costs associated with economic exchange.

      Economic exchange is a technical term that is used to refer to the economic interaction between different organizations. It refers to the exchange of goods, money, or business ideas.

       Transaction costs refer to the costs that are incurred during the exchange between different organizations. The cost of the goods and services falls under this category.

       The exchange of goods and services is called a transaction, and the costs related to that transaction are called transaction costs.

        Transaction costs can be divided into two types- internal transaction costs and external transaction costs. Internal costs are those that are incurred within the company. Costs incurred outside the company are external costs.

To learn more about the economic exchange,

brainly.com/question/26252058

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Marat540 [252]

Answer:

a. The company recognizes loss on the sale of the equipment $6,000

b. The entry to record the sale of the equipment:

Debit Cash $3,000

Debit Accumulated depreciation account $16,000

Debit Loss on sale equipment  $6,000

Credit Equipment $25,000

Explanation:

To recognize gain or loss on the sale of the equipment:

First, the company calculates the carrying amount of the asset by using the original cost of the asset, minus all accumulated depreciation and any accumulated impairment charges.

Then, subtract this carrying amount from the sale price of the asset. If the remainder is positive, it is a gain and if the remainder is negative, it is a loss

On December ​31, 2019​, the carrying amount of the asset = $25,000 - $16,000 = $9,000

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=> The company recognizes loss on the sale of the equipment $6,000

b. The entry to record the sale should be made:  

Debit Cash $3,000

Debit Accumulated depreciation account $16,000

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Credit Equipment $25,000

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3 years ago
When Moon Star Products Inc. planned to start its operations in United Cadvia, an emerging nation, it realized that it will have
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Answer:

a. Equity alliance

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Equity alliance -

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Due to this ,  the company becomes shareholder and stakeholder of each other .

The share acquired is the minor one , so that the company still have the power of decision making .

Hence , same case is shown in the question ,where the Moon Star Products Inc.buys the 40 % of the stock of Gold Logistics .

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There is no following, you didn’t supply the choices.

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