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lutik1710 [3]
3 years ago
11

Matt and alicia created a firm that is a separate legal entity and will share ownership of that firm on a 75/25 basis. which typ

e of entity did they create if they have no personal liability for the firm's debts?
Business
1 answer:
Wittaler [7]3 years ago
5 0
The type of <span>entity that they created if they have no personal liability for the firm's debts would be: Corporation
In case of bankruptcy, a corporation must sell all of its assets to pay up the debt. But after all assets are liquidated, the debtor couldn't seek the payment further to the corporation's owner and have to accept the residual debt as a loss.</span>
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Sears Corporation, which has a calendar year accounting period, purchased a new machine for $40,000 on April 1, 2007. At that ti
Irina-Kira [14]

Answer:

$1,000

Explanation:

The computation of gain on sales is given below:-

Depreciation per year = $40,000 - $10,000 ÷ 10

= $3,000

Life of equipment = 5.5 years

Accumulated Depreciation on equipment = 5.5 × $3,000

= $16,500

Book value of equipment = $40,000 - $16,500

= $23,500

Gain = Proceed from sale - Book value at the time of sale

= $24,500 - $23,500

= $1,000

5 0
3 years ago
An advantage of magazine advertising is that:
earnstyle [38]

Answer:

A suitable advantage of magazine advertisement is option C.

Explanation:

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In the 21st century, promoting in print or in computerized magazines may appear to be silly. TV arrives at millions additional customers. Publicizing on your site costs not exactly on television. Furthermore, aren't magazines collapsing left and right?

In actuality, the magazine business, even in printed copy, is progressing nicely. New magazines are continually showing up, and various them succeed and flourish. Purchasing promotion space may not be modest, however it tends to be compelling.

Slender Focal point of Interests

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4 0
3 years ago
Read 2 more answers
Jacob Corcoran bought 10,000 shares of Grebe Corporation stock two years ago for $24,000. Last year, Jacob received a nontaxable
dezoksy [38]

Answer:

Jacob purchased 10000 shares form Grebe corporation two years ago for $24000

last year Jacob received a non taxable stock dividend of 2000 shares from Grebe corporation

In the current year tax year Jacob sold all stock received as dividend that's 2000 shares for $18000

The gain of the sale of 2000 shares can be calculated by subtracting the basis in the shares from the cost price. the cost of shares = ( $24000 / 12000 ) = $2 per share

profit made from the sales of 2000 shares is calculated as follows ; selling price ( $18000 ) - cost price of 2000 shares ( $2 * 2000) , the profit is $14000 and it is in the long term because the original shares bought has been held for at least 1 year

Explanation:

Jacob purchased 10000 shares form Grebe corporation two years ago for $24000

last year Jacob received a non taxable stock dividend of 2000 shares from Grebe corporation

In the current year tax year Jacob sold all stock received as dividend that's 2000 shares for $18000

The gain of the sale of 2000 shares can be calculated by subtracting the basis in the shares from the cost price. the cost of shares = ( $24000 / 12000 ) = $2 per share

profit made from the sales of 2000 shares is calculated as follows ; selling price ( $18000 ) - cost price of 2000 shares ( $2 * 2000) , the profit is $14000 and it is in the long term because the original shares bought has been held for at least 1 year

8 0
3 years ago
I need nitro gold. plz, donate to nitro type user DeckertheBEAST. don't answer for the points. GUYS I'M IN NEED. Thanks for thos
katrin2010 [14]

Answer:

whats that? ._.

Explanation:

8 0
2 years ago
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Answer:

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Net cash flow from Financing activities -$135,310

Explanation:

Please refer to the attached for detailed prssentation

5 0
3 years ago
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