Answer:
Explanation:
I would go to work on Saturday as it has been agreed upon before my friend invited me to the beach.
Answer:
$54,000
Explanation:
The opportunity cost is that cost which can be given the benefit out of the given options. In another way, it would be select the best alternative option which gives you the best results or benefits.
In the given case, Allison earns $54,000 in her first year of employment and if she works with her father she earns an annual salary of $38,000. So, the opportunity cost, in this case, would be $54,000
No. They are not the same.
Pls mark brainliest.
Answer:
$2000 (Debit)
Explanation:
Opening balance = $22000 (Credit)
LESS: Actual Bad debt = 24000 (Debit)
Closing Balance = 2000 (Debit)
Answer and Explanation:
Partnership can be defined as a form of business which is often carried out by two or more people with the sole aim of making profit.
a) Adam receives only money in the distribution and the distribution exceeds his basis.
Particular Amount
Distribution $16,000
Less: Basis $12,000
Recognized Gain $4,000
b) Adam has $0 remaining basis in his partnership interest due to the fact that all the money or cash he received in the partnership distribution is allocated in outside basis and not within basis.
c) Alyssa has not recognized any gain or loss from the current distribution due to the fact that the cash Alyssa received in distribution is fully adjusted in the outside basis.
d) After adjusting the money received against the outside basis the remaining outside basis of $4,000 will be adjusted by property, which is why Alyssa will assign $4,000 basis to the property.
e)
Particular Amount
Basis $12,000
Less: cash distribution $8,000
Less: Property $4,000
Remaining basis $0
Therefore Alyssa remaining basis in her partnership interest will be $0
