Answer: $47,900
Explanation:
From the question, we are told that part of the initial investment, Ray Blake contributes equipment that had originally cost $96,100 and on which accumulated depreciation of $72,075 has been recorded.
We are further told that assuming similar equipment would cost $164,400 to replace and the partners agree on a valuation of $47,900 for the contributed equipment, we are told to calculate the amount that would be debited to the equipment account.
It should be noted that in a partnership, when the partners contribute an asset, during the recording of the asset in the partnership book, it is recorded based on the agreed valuation price.
In this case, the partners agree on a valuation of $47,900 for the contributed equipment. Therefore, the amount that should be debited to the equipment account will be $47,900.
Answer: False: Flotation costs need to be taken into account when calculating the cost of issuing new common stock, but they do not need to be taken into account when raising capital from retained earnings.
Explanation:
When issuing common stock, the firm will need to pay certain floatation costs such as underwriting fees, legal fees, and registration fees. These will reduce the net amount received from the floatation of new securities.
When raising capital from the retained earnings however, the company can avoid flotation costs because they would be acquiring funds internally and so do not have to worry about paying other entities to access it.
I believe the answer is: D. expanding quickly
Small businesses make a hasty decision to expand their operation by obtaining loan to buy new assets that help them fund their increasing operation.
When they do this, there is a really high risk that the additional income that they get from increasing the operation cannot cover the amount of debt they had to pay along with its additional interest, which would most likely force them into bankruptcy.
Answer:
B) False
Explanation:
A US company might follow all the cultural norms of a foreign country and might still be breaking the law, at least US laws. Since compliance with the law is referred to as moral minimum, you cannot be ethical if your behavior is not moral.
For example, handing out gifts to government officials may be consider normal in other countries, but the Foreign Corrupt Practices Act of 1977 (FCPA) states that you can go to jail for it.
Net cash used by financing activities is C) $60100.
Financing activities encompass transactions regarding debt, fairness, and dividends. Debt and fairness financing are pondered in the cash float from the financing section, which varies with the different capital systems, dividend guidelines, or debt terms that agencies may additionally have.
Financing activities encompass cash sports related to noncurrent liabilities and proprietors' equity. Noncurrent liabilities and owners' fairness items consist of (1) the essential quantity of lengthy-term debt, (2) stock sales and repurchases, and (3) dividend bills.
Financing activities examples consist of the issuance of shares and bonds, borrowing a loan, servicing debt, shopping for returned shares, and so on. due to the fact those sports directly have an effect on an organization's capital shape, analysts and investors use this as a crucial indicator of a business enterprise's monetary health.
Learn more about Financing activities here: brainly.com/question/28014026
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