Answer:
Dr Equipment $60,000
Cr. Horton, capital $60,000
Explanation:
Based on the information given we were told that Both of the partners agree that the fair value of the equipment was the amount of $60,000 which means that The appropiate journal entry made by the partnership to record Horton's investment should be:
Dr Equipment $60,000
Cr. Horton, capital $60,000
All of the benefits for <em>non-personal injury</em> cases must be reported as gross income for tax purposes. Since defamation isn't a personal injury claim, all of the award must be reported and is subject to taxation.
Answer:
10%
Explanation:
Since there is no residual value, the full amount invested should be used to calculate the average rate of return. The average rate of return is determined as the average income divided by the invested amount.
If the total income was $10,980,000 over 20 years, the average income is:
If the invested amount was $5,490,000, the average rate of return is:
Answer:
Dividend per share $ 2.16
Explanation:
Return = Dividend yield + Capital gains yield = 0.08
Dividend yield = Capital gains yield
Div yield 0.08 / 2 = 0.04
Next year dividend:
share Price x dividend yield
$ 55 x 0.04 = $2.2
<u>Current dividend:</u>
We remove the grow factor from next year dividend:
2.2 / (1+0.04) = 2,11538
Answer:
c
Explanation:
purchasing ships to transport goods oversees
