<span>The point of the long-run aggregate supply curve.
I hope this helps!
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Answer: A. stay outta debt
<span>This means shareholders own the corporation, but it is controlled by managers.</span>
Answer:
The answer is: C) $62,000
Explanation:
The partnership had a total ordinary income of $200,000. It made guaranteed payments to its three partners (Molly, Amber and Pat) of $20,000 each ($60,000 in total).
So the partnership adjusted income is reduced to $140,000, out of that amount, 30% belongs to Molly. Molly's share of the partnership adjusted income is $42,000.
Molly's total earnings from the partnership are $62,000 ($20,000 + $42,000)
Answer:
b. No journal entry is required
Explanation:
Given that
Estimated percentage of losing = 40%
Estimated amount = $800,000
By considering the above information, we concluded that
As in the case of the litigation, there is no journal entry is recorded as the possibility of the event is not certain with respect to the entity's economic resources.
Therefore in the given case, the correct option is b.
