The reason as to why some communities such as grasslands, may never really reach F.E. Clement's concept of climax stage because of the fact that the people living in those communities have adapted to periodic interruption. In which allowed them to be further away from Clement's concept of climax stage. In which the periodic interruption is the one responsible for making the ecological equilibrium from being vulnerable to change that it is impossible for them to adapt to the concept of the climax stage in which is very rare.
Answer: $1644
Explanation:
The corporation's tax basis will be the addition of the tax basis of Tristan and the gain that is recognized on the exchange by Tristan.
Gain realized = 1750 - 1245 = 505
Boot received = 399
The gain recognized on the exchange will the value that's lower between the gain realized which is $505 and the boot received which is $399. Therefore, gain recognized = $399.
The corporation's tax basis will then be:
= Tristan Tax basis + Gain recognized
= 1245 + 399
= 1644
Answer:
D. Debit a Stockholders' account for $800
Explanation:
In this question we use the accounting equation i.e shown below:
Total assets = Total liabilities + Total stockholder equity
where,
Debited Total assets = $1,300
Credited Total liabilities = $500
So, the total stockholder equity is
= $1,300 - $500
= $800
So, the incorrect way is to debit a stockholder equity for $800
Typical performances of the entire “Messiah” are usually around 2 1/2 to 3 hours long
Answer:
Skysong Corporation
Statement of Retained Earnings
Retained earnings balance January 1, 2020 $691,300
Add:
Adjustments to 2019 Income Statement $88,390
Net profits 2020 $1,552,100
Less:
<u>Dividends declared and distributed ($82,000) </u>
Retained earnings balance December 31, 2020 $2,249,790
Since the land purchase was recorded as maintenance expense by error, the 2019 income statement must be adjusted by adding that amount.
