Answer:
b. They are treated differently because the loss in value of Carol's stock is the result of a sale, while the loss in value of Dave's stock is simply a decline in value.
Explanation:
Although the stock owned by Carol and by Dave declines in value by $2,000, however Carol only has a realized and recognized loss of $2,000. The main factor in determining whether a disposition has taken place often whether an identifiable event has occurred. In the current scenario, Carol’s stock sale qualifies as a disposition and the Dave’s stock value decline does not qualify as a disposition and is simply a decline in value.
Answer:
C. revenues, gains, expenses and losses.
Explanation:
Income statement only reports the Income, Expenses, Gain or losses for the period. Assets, Equities and Liabilities are reported in balance sheet. Income statement only deals with temporary accounts and permanent accounts are dealt in balance sheet, So Revenue, Expenses, gains and losses are temporary account whereas the assets, Equity and liabilities are permanent accounts..
Sorry I don’t know how to solve these type of questions i just wanted to try out business questions
Answer:
$170
Explanation:
If the goal is to achieve a 15% return on sales, Blanchard Inc., can afford to spend at most 85% of the estimated price ($200) on the production of the new product. Therefore, the target cost is:
The target cost is $170.
