Answer:
Gain $72,480
Explanation:
Calculation for the amount of gain or loss that Sheffield should recognize on the exchange
Using this formula
Gain/Loss= Book value – Fair value
Let plug in the formula
Gain/Loss= $978,480 – $906,000
Gain=$72,480
Therefore the amount of gain or loss that Sheffield should recognize on the exchange will be $72,480
The par value of an inventory is the fee in line with proportion assigned by way of the enterprise that problems it, regularly set at a totally low amount which includes 1 cent. Stocks are issued without a particular minimum price. Neither form has something to do with the real price of marketplace proportion.
Shares include stocks wherein the possession of a organisation or business has been divided. One share represents a partial ownership interest in the organisation over the total variety of shares.
A stock is a shape of safety that represents the holder's proportional hobby within the issuing employer and is typically bought on a inventory exchange.
Learn more about stock here:brainly.com/question/25818989
#SPJ4
Loan investment account.. can be either side of the account depending on how the accountant set up the system
Answer:
Correct option is (a)
Explanation:
Unearned revenue are revenue earned against services that have not been performed yet. In accrual system, revenue is recognized when service is performed against it.
Revenue earned without service being discharged is treated as liability till the period service is performed. It is recognized as income only after service is performed. For example unearned rent revenue is an unearned revenue which is reported as a liability till the rent period for which revenue was received is over.
Answer:
<em>Span of control
</em>
Explanation:
The definition of "<em>Span of control
</em>," also recognized as management ratio, refers to the amount of directly superior-controlled subordinates.
Comprehending small business owners is an especially important principle since small businesses often find themselves in trouble when the entrepreneur ends up with far too large a span of command.
Span of control is a subject taught in schools of management and commonly used in big organizations such as the military, government agencies and academic institutions.