Answer:
The amount used in the buyer's accounting records to record this acquisition is $60,000.
Explanation:
Amount in the buyer's accounting records to record this acquisition = Cash paid + Note payable
= $20,000 + $40,000
= $60,000
Therefore, The amount used in the buyer's accounting records to record this acquisition is $60,000.
Answer: Symbols
Explanation:
Observable artifacts are symbols, words, languages (they could be slang or jargon), stories of legends, practices. This give those in the future the explanation of what happened in the past or what's currently ongoing with a message to those who come across them.
The observable artifact the organization is using is that of symbols.
Answer:
$2,000
Explanation:
Payment include repayment of Capital Amount and Payment of Interest expense
Therefore the balance in the Instalment Note Payable account after making the first annual payment is
<u>Calculation of the cost of goods sold (cogs) for the month;</u>
It is given that Cafe x bought 20,000 cups for $1,400 when they opened for business last month. At the end of the month, they had 8,000 cups left. It means the Cups sold are (20,000-8000) = 12,000 cups
And the Cost of 12,000 cups sold shall be $1400*12000/20000 = $840
Hence the cost of goods sold (cogs) for the month is <u>$840.</u>
The parents might set up a trust for a child because they want to enure an honest executor is chosen. Thus, the correct answer is B.
<h3>What is trust?</h3>
Trust is refer as association to be formed, to take care of all the wealth and property of an individual. This trust will take care of the property until the new responsibility holder arrives.
Parents set up trust for their children to protect their future, as they do not make their presence all the time. This trust provide financial security to the child if the parents are created trust.
Most parents want the benefits of their time and investment to be passed on to future generations, and setting up a trust is a secure way to ensure that your wishes are honoured when you die away.
Therefore, option B to ensure an honest executor is selected is the appropriate answer.
Learn more about Trust, here:
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