Answer:
The new truck will enter the account with the invoice value.
new truck 122,000
ac dep old truck 44,000
loss on trade 22,000
Cash 110,000
Old Truck 78,000
Explanation:
Old truck 78,000
acc depreciation 44,000
net-book value 34,000
trade-in allowance 12,000
loss on trade 22,000
The new truck will enter the account with the invoice value.
Answer:
yes
Explanation:
he's been said to do with this was also like
Answer:
TRUE
Explanation:
The statement is True. Economists believe that social regulation is an exception to the MB=MC rule. The social regulation is an important aspect for a company as a repsonsibility towards the society. There must be awareness among the customers about the products offered to them and advantages of its utilisation to them. This includes the efforts of the companies to advertise the product ina proper manner. It also requires the company to be fair with their customers with respect to the ingredients or the raw material to be used by the manufacturers of the products. The working conditions of the manufacturing firms must be adequate for the employees to deliver an efficient product.
Thanks
Answer:
d. may be exchanged for equity securities.
Explanation:
Convertible bonds
It is a debt security , which is fixed and which yields the interest payments , but it can be converted to a predetermined number of the equity shares or common stock .
The bond to stock conversion can be done at a number of times during the life of the bond .
These bonds are mostly issued by the companies which have low credit ratings and have potential of higher growth .
Answer:
equity = $19500
Explanation:
Given data:
current assets $3900
net fixed assets $26,500
current liabilities $3400
debt = $7500
Total liabilities = current liabilities + long term debt
= 3400 + 7500 = $ 10,900
Total assets = current assets + net fixed assets
= 3900 + 26,500 = $30,400
We know
total assets = total liabilities + equity
30400 = 10900+ equity
equity = $19500
