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julsineya [31]
3 years ago
8

Terra Corporation purchased equipment with a 10-year useful life and zero residual value for $100,000. At the end of the fourth

year, the equipment is exchanged for new equipment worth $110,000. Terra gets a trade-in allowance of $70,000 on the exchange, with the remaining $40,000 paid in cash. Which of the following is true of the net effect of this transaction? Assume the straight-line depreciation method is used.Select all that apply:Assets decrease by $10,000Assets increase by $10,000Liabilities increase by $10,000Total stockholders' equity decreases by $10,000Total stockholders' equity increases by $10,000
Business
1 answer:
vazorg [7]3 years ago
3 0

Answer:

Assets increase by $10,000

Total stockholders' equity increases by $10,000

Explanation:

Since in the question, it is given that, the purchase value of equipment is $100,000 and the exchanged value is $110,000

So, the difference of $10,000 ($110,000 - $100,000) would reflect that the assets would increase by $10,000 and the total stockholders' equity is also increased by $10,000

The exchange value is a combination of $70,000 in trade allowance and $40,000 was paid in cash

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saveliy_v [14]
Had to look for the rest of the details and here is my answer.

Based on the given table of data attached to this question, the best estimate for Korey to quote as expected profits in the next year for his business plan next year would be <span>$19,386.97. Here is the given information of his net year profits.
</span>Year
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4 0
3 years ago
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1. Which design style resembles a half-moon?
masya89 [10]
The correct answer for the question that is being presented above is this one: 
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(5) <span>B. Ikebana
</span>(6) <span>A. allow designers the opportunity to work with better flowers.
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7 0
3 years ago
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The government of Junta took Fuel Safe Corp., a domestic energy firm, into state ownership to save the company from bankruptcy.
goblinko [34]

The government of Junta took Fuel Safe Corp., a domestic energy firm, into state ownership to save the company from bankruptcy. However, the other private competitors in the energy industry were enraged by this decision. As a result, the government had to reduce the tax burden on all private energy firms so that both the state-owned enterprise and private firms could coexist.It portrays Mixed economy

<h2>Option (E) is correct</h2>

<u>Explanation:</u>

It is an example of Mixed economy.Mixed economy is one in which both public and private enterprises exist. It combines the features of free economy,planned economy as well as private and public enterprise.

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7 0
3 years ago
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Fittoniya [83]

Answer:

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