Answer:
The correct answer to the following question is option A) $0
Explanation:
Given information -
House bought 15 years ago by Jerry at - $60,000
Jerry and her wife Debbie sold the house for - $340,000
The realized gain for Jerry and Debbie on the sale of house - $280,000 ( $340,000 - $60,000 )
Jerry and Debbie wants to file joint tax return , and they are allowed an exclusion up to $500,000. Which means if the amount of gain doesn't exceed $500,000, then they won't have to pay tax on this gain.
Answer: common stockholders
Explanation: Stockholders are in essence the owners of a business. The difference between common stockholders and preferred stockholders when it comes to deciding the fate of the company is that preferred stockholders do not have voting rights while common stockholders do. So, common stockholders elect the board of directors.
Bondholders do not have any say in the running of a business, whatsoever.
Answer:
unearned service revenue 7,500 DEBIT
service revenue 7,500 CREDIT
Explanation:
the job is complete on July 31th
so <em>we write-off the unearned service reveue</em>
and <em>we recognize the service revenue </em>for the whole amount of the contract
The cash receipt occurs on March 1st so w edon't haveto post anythign related to cash on July 31th.
the unearned revenue account is used first because the business has the obligation of perform the job or return the cash. So it is a liablity until the job is completed
The best description of the definition given above is Related diversification because it entails when a firm enters a different business in which it can benefit from leveraging core competencies, sharing activities, or building market power.
<h3>What is Related diversification?</h3>
Related diversification refer to a situation when a firm change into another new industry that is very similar with the firm's existing industry or industries
The benefit of related diversification is it allow the sharing of related resources and ensures profit of real diversification.
Therefore, Related diversification is when a firm enters a different business in which it can benefit from leveraging core competencies, sharing activities, or building market power.
Learn more on diversification from the link below.
brainly.com/question/417234
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