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Brilliant_brown [7]
3 years ago
8

A colonial advantage at the beginning of the American Revolution was

Social Studies
1 answer:
natulia [17]3 years ago
7 0
A colonial advantage at the beginning of the American revolution was that they had no fixed social hierarchies which were developed in Europe at the time. This left the colonials feeling much more motivated because of which they were trying very hard to succeed. This enabled a good growth of capitalism. 
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Exchanged a land with an adjusted basis of 65,000 for 5,000 shares of corporation stock and 10,000 cash the corporation stock ha
Hoochie [10]

Answer:

Sr. No                Particulars                      Debit                    Credit

                  Land                                 $ 65000

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             Corporation Stock                                                 $ 80,000

              Cash                                                                       $ 10,000

Explanation:

Recording of purchase of land for stock of $ 80,000 and cash $ 10,000 . As the  value of land is $ 65,000 the loss is debited to the profit and loss account. the stock is recorded at the fair market value on the date.

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