Answer:
The correct answer is letter "B": inefficiencies result when incentives to produce are reduced.
Explanation:
Equity-efficiency tradeoff takes place when attempting to optimize the production efficiency, distribution of wealth is diminished. The concept is always linked to moral philosophy because it implies taking about how people organize themselves in the way to produce and share their goods in a fairly. According to this point of view, when there is not enough motivation to produce inefficiencies arise.
The organizational culture of a pubic agency consists of the relationship it has with the public it serves.
Answer and Explanation:
Partnership can be defined as a form of business which is often carried out by two or more people with the sole aim of making profit.
a) Adam receives only money in the distribution and the distribution exceeds his basis.
Particular Amount
Distribution $16,000
Less: Basis $12,000
Recognized Gain $4,000
b) Adam has $0 remaining basis in his partnership interest due to the fact that all the money or cash he received in the partnership distribution is allocated in outside basis and not within basis.
c) Alyssa has not recognized any gain or loss from the current distribution due to the fact that the cash Alyssa received in distribution is fully adjusted in the outside basis.
d) After adjusting the money received against the outside basis the remaining outside basis of $4,000 will be adjusted by property, which is why Alyssa will assign $4,000 basis to the property.
e)
Particular Amount
Basis $12,000
Less: cash distribution $8,000
Less: Property $4,000
Remaining basis $0
Therefore Alyssa remaining basis in her partnership interest will be $0
Answer:
Adjusted balance of Insurance Expense A/c = $2,800
Explanation:
There is some insurance expense already charged amounting $2,620
Further out of prepaid insurance the expense for the period = $2,800
This shall also be charged to expense as relates to current period.
Therefore, total expense for the period shall be $2,620 + $2,800
For this, entry will be:
Insurance expense A/c Dr. $2,800
To Prepaid Insurance A/c $2,800
Therefore, net adjusted balance of insurance expense = $2,620 + $2,800 = $5,420
Answer:
d. Total assets of the current year.
Explanation:
All accounts of the current year regardless of their nature, what I mean with this is that any account could add or subtract, all that kind of operations at the end give you the total result of the current year, and every account of the respective year could be expressed as a percentage of the total assets of the respective year, for example:
Total assets year A $1000 Total assets year A 100%
cash year A $200 cash year A 20%
equipment year A $600 equipment year A 60%
buildings year A $200 buildings year A 20%
Every account correspond to the same year of the calculation.