Answer:
A. True
Explanation:
In the starting of the twentieth century, the only stock in which an individual invest is the stocks and the bonds but today there is a lot of different type of investment choices who provides the better return. Accprding to the demand of the investor there are various options available for invest
Hence, the given statement is true
When proprietors decide to combine their business and form a partnership, gaap usually requires that non cash assets be taken over at : C. fair market vale
The data will be used to calculate the percentages of ownership of each combined companies
hope this helps
Answer:
$63,000
Explanation:
The computation of cases of cola were completed and transferred to Finished Goods Inventory during January is shown below:-
Completed and transferred to finished goods inventory is
= Case of cola as on Jan 1 work in process + completed & transferred out - ending work in process as on Jan 31
= $5,000 + $65,000 - $7,000
= $63,000
Hence, the number of cases of cola is $63,000
Answer:
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Explanation:
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Answer:
B) $16,000
Explanation:
Current liabilities are debt that must be paid within a 12 month period.
The total value of the notes payable is $355,000, but only $16,000 is due within 12 months. The $175,000 of short term debt has been refinanced and reclassified as long term debt. The $25,000 of deferred tax liability is also non current.
