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Molodets [167]
3 years ago
5

In 2014, Iris King bought a diamond necklace for her own use, at a cost of $10,000. In 2019, when the fair market value was $12,

000, Iris gave this necklace to her daughter, Ruth. No gift tax was due. This diamond necklace is a _________
Business
1 answer:
Ivanshal [37]3 years ago
7 0

Answer:

Capital asset

Explanation:

Capital asset are classified as the  property which are expected to generate some value over the duration of time.

Capital assets includes,

Buildings

Computer equipment

Jewelry

Machinery, and vehicles etc.

The capital assets has an expected useful life of more than one year

It can be sold as a normal part of business operations.

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The ratio of all resources to the goods and services produced is referred as
Sergio039 [100]
Multifactor productivity is the ratio of all resources to the goods and services produced. It is also known as total factor productivity and is a measure of economic performance that compares the amount of goods and services produced to the amount of combined inputs used to produce those goods and services. The inputs may include labor, capital, energy, materials, and purchased services.
8 0
3 years ago
Why must a monopoly supply a good or service that has no close substitute
butalik [34]

Answer:

Because a monopoly is when one person or buisness provides a good or service that people can't get anywhere else so they can continue to make money.

Explanation:

5 0
2 years ago
At year-end (December 31), Chan Company estimates its bad debts as 0.80% of its annual credit sales of $831,000.
pychu [463]

Answer:At year-end (December 31), Chan Company estimates its bad debts as 0.80% of its annual credit sales of $831,000. Chan records its Bad Debts Expense for that estimate. On the following February 1, Chan decides that the $416 account of P. Park is uncollectible and writes it off as a bad debt. On June 5, Park unexpectedly pays the amount previously written off. Prepare the journal entries for these transactions. View transaction list 1 Record the estimated bad debts expense. 2 Wrote off P. Park's account as uncollectible. 3 Reinstated Park's previously written off account 4 Record the cash received on account. Credit Note :· journal entry has been entered Record entry Clear entry View general journal

7 0
1 year ago
For the entries below, identify the account to be debited and the account to be credited. Indicate which of the accounts is the
Ksju [112]

I do not Know this answer hey hey

8 0
2 years ago
Suppose in a recent quarter, Alliance Atlantis Communications Inc. reported net cash provided by operating activities of $45,600
GaryK [48]

Answer:

Free cash flow = $44,000,000.

Explanation:

<em>Free cash flow represents the amount that is left to all the providers of  capital after the payment of all all operating expenses, working capital and investment in fixed asset expenditures.</em>

It is computed as cash flow made from operation less capital expenditures

For Atlantic Communications

Free cash flow = $45,600,00 - $1,600,000

                        =  $44,000,000.

Free cash flow = $44,000,000.

5 0
3 years ago
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