Answer:
The Arlington's recognized gain or loss on the exchange is $2,000
Explanation:
For computing the recognize loss or gain, the following treatment is to be done.
The lower of
1. Amount received
2. Realized gain
The amount received is $2,000 and the realized gain is the difference between the purchase cost and the fair market value i.e
= $35,000 - $28,000
= $7,000
So, the lower would be $2,000
Answer: Management Skill
Explanation: Management skill is the ability to make right decisions while managing the overall performance of a company. Management skills are needed in order to be able to manage employees, workplace issues, team work and general business communication.
There are different management skills and they include:
Planning
Communication
Delegation
Decision making
Problem solving
Motivation
Human and interpersonal communication.
From the above details, we can say that Management skill is the ability to combine marketing knowledge with operations knowledge of a business to bring out the best management result.
Answer: Operating Activities
Explanation: The cash flow statement lists 3 activities: The operating activities which is the most important 1. It lists cash receipts, adjustments to net income plus depreciation, gain or loss on a fixed asset and changes in current assets and liabilities. The investing activities lists the purchase and sale of fixed assets. Finally, the finance activities focuses on paying its liabilities which can be issuing shares of stock, paying dividends, and receiving a long-term note payable.
Hope this info helps.
Answer:
$210,000
Explanation:
Calculation of how much cost, in total that would be allocated in the first-stage allocation to the Other activity cost pool will be;
The Total Other Cost will be;
Wages and salaries $75,000
(25% × $300,000)
Depreciation $63,000
(35% × $180,000)
Utilities 72,000
(30% × $240,000)
Total cost =Wages and salaries $75,000+Depreciation $63,000 +Utilities 72,000 =$210,000
Therefore how much cost, in total that would be allocated in the first-stage allocation to the Other activity cost pool will be $210,000
Voluntary exchange is the actions of buyers and sellers freely coming together in the marketplace to buy and sell goods. They are not restricted or told what to buy, how to buy it, or how much, by the government or any other regulator.