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yKpoI14uk [10]
3 years ago
5

13. Average clients change their interiors every _______ years. A.2 C. 15

Business
2 answers:
Dmitriy789 [7]3 years ago
7 0
If seven is an answer it would be 7
vichka [17]3 years ago
6 0
Lacking details maybe, but since it's A or C, I'd go for C. 15 years
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Shale Oil Corporation combines its assets and debts with those of Tierra Frakking Company to form Unified Resources, Inc. Shale
andriy [413]

Answer:

1. c. a consolidation

2. a. all of Shale's and Tierra's assets

3. c. all of Shale's and Tierra's debts

Explanation:

1. When multiple companies join up together to form a new company, this is called a Consolidation which is what Shale Shale Oil Corporation and Tierra Frakking Company did when they formed Unified Resources, Inc.

2. In a Consolidation, the previously separate companies move in with all their debt and assets to form the new company. As such, Unified Resources acquires all of Shale's and Tierra's assets.

3. As previously stated, in a Consolidation, the previously separate companies move in with all their debt and assets to form the new company. As such, Unified Resources assumes all of Shale's and Tierra's debts as well.

7 0
3 years ago
Beckett, Inc. reports the following cost information for​ March: Cost of Goods Manufactured $ 73 comma 000 Manufacturing Overhea
pentagon [3]

Answer:

Beckett, Inc.

Cost of Goods Manufactured Statement

Direct Materials Used      25, 140

Direct Labor $ 20,280

Manufacturing Overhead 18 ,900

Total Manufacturing Costs  $ 64,320

March 1 ​Work-in-Process Inventory,  9, 680

Cost of Goods Available for  Manufacture $ 74,000 ​

March 31 Work-in-Process Inventory, 1, 000

Cost of Goods Manufactured $ 73,000

March 1 Finished Goods​ Inventory, 8, 000

Cost of Goods available for sale $81,000

March 31 Finished Goods​ Inventory,  2, 000

Cost of Goods Sold $ 79,000

7 0
3 years ago
Select TWO Mitchell, a calendar year taxpayer, is the sole proprietor of a fast-food restaurant. His adjusted basis for the buil
Advocard [28]

Answer:

a. The earliest date that Mitchell can acquire a new restaurant and qualify for  § 1033 postponement is March 12

b. On June 30

Mitchell purchases land and a building for $610,000

Recognized gain = Condemnation proceed - Adjusted basis

= $625,000 - $450,000

= $175,000

Mitchell's recognized gain is limited to $625,000 - $610,000 = $15,000

Thus, Mitchell's recognized gain is $15,000

c. Adjusted basis for the new land and building = Cost of land and building - Postponed gain = $610,000 - $160,000 = $150,000. Thus, adjusted basis for the new land and building purchase by Mitchell is $450,000

d. Realized gain = $625,000 - $450,000 = $175,000. Thus, the unrealized gain by not option for section §  loss = $175,000 and the adjusted basis for new land and building is $610,000

e. Under the section § 1033 , as no replacement property to purchased. Mitchell's recognized gain = $175,000

6 0
3 years ago
Journalize the adjusting entry needed on December 31 for each situation. Use the letters to label the journal entries. ​(Record
slava [35]

Answer:

a.

Dr Depreciation expenses                             2,200

Cr Accumulated depreciation - Equipment  2,200

( to record the depreciation expenses of equipment during the year)

b.

Dr Wages expenses            4,800

Cr Wages payable               4,800

( to record wages payable as at 31 December; calculated as Daily salary expenses x Number of working days from the last time the wages expenses is recorded ( that is, Sunday) to 31 December ( given as Thursday)  which is 4 days or 8,400/7 * 4 = $4,800.

c.

Dr Supplies expenses             4,300

Cr Office supplies                   4,300

( to record office supplies consumed during the year calculated as Opening Balance of Office supplies + Purchase during the year - Ending balance of Office supplies = 2,100 + 3,400 - 1,200 = $4,300)

d.

Dr Insurance expenses          2,250

Cr Prepaid insurance            2,250

(to record 09-month insurance expenses calculated as 6,000/24 * 9 = $2,250)

e.

Dr Unearned Revenue      2,900

Cr Revenue                       2,900

(to record revenue earned )

f.

Dr Interest expenses      140

Cr Interest payable        140

( to record interest expenses incurred but not paid)

g.

Dr Account Receivable   5,500

Cr Revenue                      5,500

( to record revenue earned but not yet received)

Explanation:

3 0
3 years ago
Predict how the price of athletic shorts would change if schools banned their use
stira [4]

Not enough info given about the situation but the best guess would be the price would decrees.


When the demand for a product drops (i.e being banned) the price drops

4 0
3 years ago
Read 2 more answers
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