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3 years ago

The following transactions occur for the Hamilton Manufacturers.

Business

1 answer:

Radda [10]3 years ago

7 0

Answer:

The answer is stated below:

Explanation:

The accounting equation is as follows:

Assets = Liabilities + Stockholders' Equity

Analyzing the transactions:

1. The service is provided to customer on account, which result in increase in assets and the stockholders' equity

So,

Assets = Liabilities + Stockholders' equity

+ $4,000 = $0 + +$4,000

2. The equipment is purchased by signing a note, which result in increase in liability and also increase in the assets.

So,

Assets = Liabilities + Stockholders' equity

+ $10,500 = +$10,500 + $0

3. Paid for the advertising, which result in decrease in cash as well as decrease in the equity of the company.

So,

Assets = Liabilities + Stockholders' equity

- $1,200 = $0 + -$1,200

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Matulis, Inc., a calendar year C corporation, owns a single asset with a basis of $325,000 and a fair market value of $800,000.

Talja [164]

Answer:

$99,750

Explanation:

Matulis's taxes are = (asset's fair market value - asset's basis) x corporate tax rate = ($800,000 - $325,000) x 21% = $475,000 x 21% = $99,750

Since the C corporation is turning into a S corporation it must recognize the gain on holding the asset. The Tax Cuts and Jobs Act set the corporate tax rate at 21%.

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3 years ago

Imprudential, Inc., has an unfunded pension liability of $800 million that must be paid in 21 years. To assess the value of the

Sunny_sXe [5.5K]

Answer:

PV= $259.89 million

Explanation:

Giving the following information:

Future Value= $800 million

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4 years ago

Cuáles son los procesos que le dan formación los relieves? Explicar cada uno y dar dos ejemplos

VikaD [51]

Answer:

Los procesos que intervienen en la formación del relieve son los procesos endógenos y Exógenos. Los procesos endógenos son los procesos que se dan en el interior de la cortesa terrestre, como son el movimiento de las placas tectónicas, los desplazamientos continentales, entre otros.

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3 years ago

If total spending rises from one year to the next, then Select one: a. either the economy must be producing a larger output of g

DIA [1.3K]

Answer:

a. either the economy must be producing a larger output of goods and services, or goods and services must be selling at higher prices, or both

Explanation:

Total Spending is the total values of goods & services produced & transacted ( bought, sold ) in an economy, during a period of time.

Total Spending = Price of goods,services x Quantity of goods,services

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3 years ago

There is no nation involved in global trade that still maintains a fixed value of their currency relative to a key currency or g

kirza4 [7]

Answer:

a. true

Explanation:

Gold is a currency that is the free market system that will fluctuate tp the form of exchange and no country in international trade can maintain a fixed value of its currency relative to the key currency though they can trade gold in multiple ways and can participate in price movements.

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3 years ago