Answer:
$1,100
Explanation:
The computation of the amount realized is shown below:
= Fair market value of exchanged for stock + cash in a transaction - selling expenses incurred
= $850 + $350 - $100
= $1,100
Basically we have added the cash and subtracted the sales expenses to the fair market value so that the correct amount of the realized amount will come in.
Answer:
producers to supply more and consumers to buy less
Explanation:
In market economy a high price is a signal for consumers producers to supply more and consumers to buy less
.
<u>Since a market economy allows the free interplay of supply and demand, it ensures that the most desired goods and services are produced. </u>
<u>Since the market allows the free interplay of supply and demand, then the law of demand holds that </u>'consumers are willing to buy more at a lower price and suppliers are willing to supply more at a higher price.
Answer:
The answer is letter D.
Explanation:
Because it is harder to detect outliers.
Answer:
The answer is D. owner's equity, debit balance
Explanation:
Drawing is the money or goods taken out from business by its owner. This act is usually common in partnership or sole proprietorship.
A drawing is not an expense, rather it is a reduction in owner's equity.
To credit owner's equity means to increase its equity and to debit owner's equity means to decrease or reduce its equity.
Since, drawing is a reduction in owner's equity, we debit owner's equity making option D. the correct answer.
Option A and B are wrong because drawings are not classified as an expense.
Option C is also wrong because a drawing is never a liability.
Answer:
Option b
Explanation:
In simple words, Decreased pay-up insurance program, minus fees and costs, enables the policy holder to obtain a reduced price of fully paying medical insurance. The claimant's hit age will assess the New Policy nominal value. As a consequence, the mortality payment is greater than those of the program which has expired.
The provision can involve restoring a percentage of the gross premiums charged, the plan's cash restitution cost, or a diminished reward dependent on premium collected until the policy has expired.
