2042 will be the year the fund drys up, based on its current level.
 
        
             
        
        
        
Solution :
We know that the exchange takes place when the FMV receive is equal to the FMV given up.
Where the FMV = fair market value
The commercial substance means the future cash flows exchange.
The non monetary exchange refers to the cash which is less than 25% of the fair value exchange.
The journal entries for the Santana Corp. when the exchange lack the commercial substance are reported as :
Transaction                                           Debit ($)                 Credit ($)
Asset(new)                                           11,000 
Accumulated depreciation(old)          9,000
Asset (old)                                                                       28,000
Cash                                                                                 2000
The journal entries for Delaware Corp. when the exchange lacks the commercial substance.
Transaction                                           Debit ($)                 Credit ($)
Asset(new)                                            16,000   
Accumulated depreciation (old)          10,000
Loss                                                                                      2500
Assets (old)                                                                           28,000                                  
 
        
             
        
        
        
The worlds most largest national economy in nominal terms. Is the second largest in purchasing power parity (ppp). 
representing 22 percent of nominal global gpd and 17 percent of gross world product (gwd)
        
             
        
        
        
Answer:
Allowance for uncollectible accounts
Explanation:
This account is a contra asset account which says that the account receivable amount is not collected in near future
It is shown in the asset side of the balance sheet
Assets side 
Current Assets
Accounts receivable                           XXXXX
Less: Allowance for doubtful debts   (XXXXX)
Net accounts receivable                       XXXXX
It is an estimated amount which is not to be paid by the customer in respect to goods delivered to them
The journal entry would be
Bad debt expense A/c Dr XXXXX
      To Allowance for uncollectible accounts A/c XXXXX
(Being the uncollected amount is recorded)
 
        
             
        
        
        
Answer: tell them what you observe and sometimes you will have to reward them such as candies in order to show them that they did a splendid job. This will let them realize that they did a great job.
Explanation: