An oil pump that is capable of delivering a larger amount of oil than a stock oil pump is called a:

The replacement cost of an inventory item is below the net realizable value and above the net realizable value less the normal p

Andrews [41]

Answer:

D. Replacement cost.

Explanation:

As we know that the inventory should be recorded at the cost or market value whichever is lower

Given that

Original cost is less than the net realizable value subtract the profit margin

So we assume the following figures

Original cost $10

Net realizable value 9

Replacement cost 8

NRV less normal profit margin 7

As if we compare the original cost and replacement cost so the lower value is of replacement cost

hence, the same is to be considered

Therefore the correct option is D.

4 0

2 years ago

Buying used cars is a good way to avoid depreciation. <br> a. True <br> b. False

IceJOKER [234]

Your answer should be true

4 0

3 years ago

A local partnership is liquidating and is currently reporting the following capital balances: Barley, capital (50% share of all

lesya692 [45]

Answer:

Barley $29,000; Carter $23,000 ;Desai $0

Explanation:

Calculation to determine How much of this money should each of the partners receive

PARTNER WITH DEFICIT CAPITAL BALANCE

Barley,Capital(50%) Carter,Capital(30%)

Desai,Capital(20%)

Reported balances $44,000 $32,000 $(24,000)

Potential loss from Desai deficit

(split 5/8:3/8)

($15,000)($9,000) $24,000

Barley (5/8*$24,000=$15,000)

Carter (3/8*$24,000=$9,000)

Desai($15,000)($9,000) =$24,000

Cash distributions $29,000 $23,000 $0

Barley ($44,000-$15,000=$29,000)

Carter, ($32,000-$9,000=$23,000)

Desai($24,000-$24,000=0)

Therefore The amount of the money that each of the partners should receive is :

Barley $29,000; Carter $23,000 ;Desai $0

8 0

3 years ago

Judy is a cash basis attorney. This year, she performed services in connection with the formation of a corporation and received

inn [45]

Answer:

Judy must recognize $4,000 of gross income from the stock for the current year.

True

Explanation:

When you receive stock in lieu of cash for payment for services rendered. you'll first owe income tax based on the value of the stock at that time.

5 0

3 years ago

What is the amount of money you still owe to their credit card company called everfi answers?

sukhopar [10]

The answer is credit card balance. A credit card balance is the sum of money payable to the credit card company. A new credit card balance may take up to 24 hours to bring up-to-date after a payment has been administered dependent on the Credit Card Company and technique of compensation engaged. The balance can be negative, positive or zero liable on if money is owed if a compensation more than the balance was made or the balance was compensated in complete.

6 0

3 years ago

Read 2 more answers