Question 9 of 10

1 answer:

Colt1911 [192]2 years ago

6 0

The correct option is OA. Selling to another company the right to make and market a product line is called spinning off.

Create a new corporation that is independent of the previous organization by spinning off something, like a company. [Firm] He saved the organization and eventually separated its textile sector into a different business.

A corporate spin-off, often referred to as a spin-out, starburst, or hive-off, is a sort of corporate activity in which a corporation "splits off" a segment as a different business or establishes a second incarnation, even if the first is still operating.

Learn more about spinning off here

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Rauch Incorporated leases a piece of equipment to Donahue Corporation on January 1, 2017. The lease agreement called for annual

Likurg_2 [28]

Answer:

PART-1)

Fair value of leased asset to lessor = 25,000

Minus: PV of un-guaranteed residual value $8,250 X 0.82270 = 6,787

Amount to be recovered through lease payments = 18,213

Four periodic lease payments ($18,213 /3.72325) = 4,892

PART-2)

01/01/2017

Debit: Cash = 4,892

Credit: Unearned Lease Revenue = 4,892

12/31/2017

Debit: Unearned Lease Revenue = 4,892

Credit: Lease Revenue = 4,892

12/31/2017

Debit: Depreciation Expense = 3,333

Credit: Accumulated Depreciation – Equipment = 3,333

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3 years ago

Martin and Carl own properties that are adjacent to one another, and Carl’s property abuts a public pond and grazing area for an

Eddi Din [679]

Answer:

appurtenant

Explanation:

This is like the right over someone's land for a specific reason or purpose.

It is legal and it is an easement where the right of use is attached to the land itself. The property that benefits from the easement is known as the dominant estate (which is Martin), while the property that is burdened by the easement is known as the servient estate (which is Carl) because it serves the dominant estate.

3 0

3 years ago

Read 2 more answers

On January 1, Year 1 Residence Company issued bonds with a $50,000 face value. The bonds were issued at face value. They had a 2

DENIUS [597]

Answer:

Dr Cash account 50,000

Cr Bonds Payable account 50,000

Explanation:

The company received $50,000 in cash. Since cash is an asset and it increased when the bonds were issued, it should be debited.

The company has to pay bonds worth $50,000. Since bonds payable is a liability and it increased when the bonds were issued, it should be credited.

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