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3 years ago

A Statement of Financial Position is a formal statement presenting the three accounting elements which are?

Business

1 answer:

RSB [31]3 years ago

4 0

The financial statement called the Statement of Financial Position is also known as the Balance Sheet.

The three accounting elements that are included on this statement are the Assets, Liabilities and Owner’s Equity.

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Hart, an individual, bought an asset for $500,000 and has claimed $100,000 of depreciation deductions against the asset. Hart ha

katen-ka-za [31]

Answer and Explanation:

The computation is shown below:

a. The amount and the character of the gain or loss is

Sale value of the property $550,000

Less: (Purchase value - depreciation) $400,000

Total gain recognized $150,000

Ordinary income recapture is $100,000

remaining 1231 gain or loss $50,000

Section 1231 Gain = $50,000

, Rate of tax on $100,000 i.e. 32% = $32000

Rate of tax on $50000 i.e. 15% = $7500

So,

The Total tax liability is

= $32,000 + $7,500

= $39,500

5 0

2 years ago

An example of a non-traditional seller can be?

kvv77 [185]

D. all of the above because all are not physical retailers. Non-traditional sellers/retailers do their selling/business over the phone, on the internet, etc.

7 0

3 years ago

Read 2 more answers

An opinion polling firm based in Austin, TX wants to allow its phone survey specialists to use company laptops and networks to c

Yuki888 [10]

Answer:

The strategy that they should use should be that of negotiation.

Explanation:

In order to make the employees understand that they would be allowed to take the company phones and laptops to home but they would be required to carry out certain operations of the company work, it would be necessary to negotiate with them on the offer put forward by the company.
This strategy would help the company even of a few employees agree to the offer as the operation time of the company would increase substantially.

7 0

3 years ago

Compared to a country with an MPS of 0.05, a country with an MPS of 0.2 would have to change government expenditures by ________

const2013 [10]

Answer: Four times.

Explanation:

Based on the information given, the government expenditure multiplier in this case goes thus:

K = ∆Y/∆G = 1/1-MPC = 1/MPS

For the first country with a MPS of 0.05, K = 1/MPS = 1/0.05 = 20

For the first country with a MPS of 0.2, K = 1/MPS = 1/0.2 = 5

Therefore, 20/5 = 4.

Therefore, the answer is four times.

8 0

3 years ago

If the government introduced a guaranteed price floor of $40 and agreed to purchase surplus output, then the government's total

vovikov84 [41]

If the government agreed to purchase the surplus output and introduced a guaranteed price floor of $40, then most likely the government 's total support payments to producers would be $4000 per week. We have a 180 quantity demanded and we have 280 quantity supplied, we will get the surplus by subtracting the supply by demand. So, 280 - 180 = 100 x price of 40 = 4000.

8 0

3 years ago