Answer:
$26,200
Explanation:
Current gain = Fair market value of the property - Basis of qualified property = $26,200 - $21,833 = $4367. Thus, the amount of Grady current gain is $4,367
We now determine the basis that Gredy takes for the share of Eadie stock
Basis = Original basis of qualified property + Current gain
Basis = $21,833 + $4,367
Basis = $26,200
Thus, basis that Gredy takes for the share of Eadie stock is $26,200
Answer:
D) debit Supplies, $1,500; credit Supplies Expense, $1,500.
Explanation:
The first journal entry was:
Dr Supplies expense 4,000
Cr Cash 4,000
If at the end of the year the supplies inventory equals $1,500, then the supplies expense must decrease. Expenses have a debit balance, if we want to decrease them, we must credit them.
The adjusting entry would be:
Dr Supplies 1,500
Cr Supplies expense 1,500
This way the supplies account (asset) increases, while the expenses decrease.
IRA deductions and payments to self-employed SEP, SIMPLE, Keogh, and other eligible plans from IRS Form 1040 Schedule 1 - total of lines 15 + 19.
<h3>Student's 2020 Untaxed Income</h3>
- Payments to tax-deferred pension and retirement savings programs (paid directly or withheld from revenues), including, but not limited to, amounts noted on the W-2 forms in Boxes 12a via 12d, codes D, F, G E,, H, and S.
- Child support is obtained for any of your offspring. Don't include foster care or adoption expenses.
- Tax-exempt interest payment from IRS Form 1040–line 2.
- Untaxed amounts of IRA distributions from IRS Document 1040–lines (lines 4a + 5a) minus (lines 4b + 5b).
To learn more about IRA deductions visit the link
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Answer:
the correct answer to the following question is - Unrestricted - Expenses, and Temporary restricted - Revenues.
Explanation:
NPO ( Not for profit organization ) is that type of organization which can be formed by charities , cooperatives or other voluntary organizations, for the purpose of serving the public service objective or any other educational or professional objective. Here the trustees of these organizations don't expect a repayment on the investment that they have made in the NPO . When a NPO receives donations which are temporary to use , there expenses would be coming under unrestricted category of net assets and revenues would come under Temporary restricted category of net assets.
Answer:
curvilinear relationship
Explanation:
Based on the information provided within the question it can be said that this is an example of a curvilinear relationship. This term refers to a type of relationship between two variables in which, when one increases the other one does as well, up until a set point. Once the first variable hits that point it can continue to increase but the second variable will begin to decrease. In this scenario the market can continue to grow and will cause the new product to grow as well, but once the market becomes saturated with similar products, the sales of the product will start to decline even though the market is still growing.
