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polet [3.4K]
3 years ago
8

The following information for "2019" pertains to Bartley Corporation: Capital contributions by shareholders $50,000 Realized los

s on sale of treasury stock (10,500) Income from rental property in a sinking fund (in the hands of a trustee) 5,500 Rent paid directly to a bond holder on a lease of corporate property 8,000 What is the amount of gross income to Bartley Corporation for 2019?
Business
1 answer:
Nadusha1986 [10]3 years ago
7 0

Answer:

$13,500

Explanation:

Bartley's gross income should include only two items:

  1. income from rent paid directly to a bond holder
  2. income from rental property in a sinking fund

2019 gross income = $8,000 + $5,500 = $13,500

The net gains or losses associated to the selling or rebuying of stocks are considered capital gains or losses, and they are taxed differently than gross income.

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Volgvan

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Explanation:

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6 0
3 years ago
A key limitation of balance sheets in financial analysis is that: A) liquidity and solvency ratios require information from othe
tatyana61 [14]

Answer: Option (B) is correct.

Explanation:

The three limitations to balance sheets are as follow:  

1.) Assets are being noted or stored at a historical cost,  

2.) There is a thorough use of the estimates,

3.) There's also omission of several precious non-monetary assets.  

Therefore from the given options, we can state that the key limitation of using a balance sheets under the constraints of financial analysis is that different items in a balance sheet are or may be evaluated differently.

8 0
3 years ago
Magnira Inc. is trying to promote its cosmetics. It offers discounts to customers who post about its products' benefits in their
Assoli18 [71]

Answer:

Word of Mouth.

Explanation:

As Magnira Inc. is trying to promote its cosmetics. It offers discounts to customers who post about its products' benefits in their social media accounts. This enables others to know about the company's products. In this case, customers of Magnira Inc. are involved in word of mouth. Word of mouth is considered as more authentic, valid and reliable source of information for the customers. Customers truly believe that its more genuine kind of information which is coming from the customers not the company itself, therefore, customer pay more attention to it and give more weightage to it. Customers do not believe much on the advertisement because they know that ads are being aired by the company itself and it is the paid from but word of mouth are the true and genuine comments and feedback of the customers who have used the brand by themselves.

3 0
3 years ago
Trade barriers: Group of answer choices are still used by nations as a means of rewarding their friends and punishing their enem
elixir [45]

Answer:

are still used by nations as a means of rewarding their friends and punishing their enemies

Explanation:

Trade barriers "are still used by nations as a means of rewarding their friends and punishing their enemies."

The above statement is based on the fact that trade barriers have been analyzed to be damaging and reduce the total economic advantage of the affected countries.

For example, the imposition of taxes on food imports and subsidies for farmers in advanced countries leads to overproduction and eventually dumping on world markets, thereby reducing the prices and affecting the developing countries' farmers.

8 0
3 years ago
Consider the following items: • Land • Accounts Receivable • Notes Payable (due in three years) • Accounts Payable • Retained Ea
sashaice [31]

Answer:

Land, Building and equipment

Explanation:

As we know that

Total assets include current assets, fixed assets and intangible assets Current assets involve cash, stock, account receivables, etc. Fixed assets comprise plant & machinery, property, equipment, furniture & fittings, etc.

So according to the given situation, the land, building and the equipment is considered generally as a long term asset

4 0
4 years ago
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