The answer is
$0.
<span>$0 is the bakers
recognized gain because a taxpayer is allowed to the exclusion of up to
$250,000 and $500,000 for tax payers who are married, of capital gain
attributed to the sale of<span> a personal residence. One requirement a
baker met here for exclusion that tax payer must occupy the residence for two
to five years before sale.</span></span>
The technology associated with the manufacturing computers has advanced tremendously. This change has led to the price of a computer <u>falling</u> and the quantity <u>increasing</u>.
Lower prices most likely results in a higher demand for the product in question, which will increase the production rate of that product.
The leadership is still important in today’s flatter, team-based organizations to make sure that the team members are working on the right track. The organization has a vision and a mission to achieve in order to reach its goal. The team leader assures that every team members understand and remember this vision and mission.
Answer:
The correct answer is d.no effect on the accounting equation
Explanation:
The accounting equation is = Assets = Liabilities - Owner's Equity
The sale for $5,000 is recorded in a Profit and Loss Statement not in a Balance Sheet because is not an Assets or Liabilities nor Owner's Equity
By the use of Lifo in a period where the prices rise, companies avoid to report paper profit, also called phantom profit, as economic gain. Have in mind that in periods of changing prices, the cost flow assumption can have a significant impact onincome and on evaluations based on income. That is why when Lifo is used the companies tend to <span>report the lowest net income </span>
