Answer & Explanation:
The fair value of our asset is $20000 and what we receive is a truck with $15000 market value and $5000 cash. So the transaction possesses commercial substance as the fair value and value received are same.
So assume if the transaction lacks the commercial substance (according to question) then the truck received must be recorded at fair value and must be offset against the truck which is exchanged for. The entry would be:
Dr Truck received @ Fair Value $15000
Cr Truck Sold $12000
Cr Profit on Disposal $8000
The above entry makes it clear that the entry to recognize the truck would be $15000. So the option D is correct.
Answer:
The Interest should be posted as an Income as Other Income in the Income Statement.
Explanation:
Interest income is the amount received by an entity from another usually a Bank for the use of its funds.
The recognition of Interest Income will be determined by the type of business of the entity. For income to be identified as under Business Operation income, it means it must be a huge source of revenue or part of its daily operations. A healthcare business is not in the business of loaning funds neither does it earns it major revenue from Bank deposits.
Answer: one key indicator that Carla could look at is the inflation rate.
Explanation:
The inflation rate is a really important factor when economists want to assess the economic state of a nation.
Answer:
ewanI think The answer is in the teacher HAHAHAHSA
Answer:
A. Level 5.
Explanation:
The description stands for the top of the pyramid.
The term of the pramyde of leadership along with their definition were created by Jim Collins in his good "Good to Great"
Being:
Level 1 Leadership: Highly Capable Individual
Level 2 Leadership: Contributing Team Member
Level 3 Leadership: Competent Manager
Level 4 Leadership: Effective Leader
Level 5 Leadership: Great Leader
The great leader has all the expertise of the previous but, also a combination of being <em><u>strong-willed yet humble</u></em>. It is this combination of will and humility that makes them great. It also sets them apart from all the other levels of leadership.
According to the author those are the lider which attain greatness for teh company