Answer:
true
Explanation:
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Answer:
The second year’s depreciation for this equipment using the straight line method is 8,500
Explanation:
Depreciation: Depreciation is a decreasing value of the assets due to the tear & wear, obsolescence, usage,etc.
The formula to compute the depreciation under straight lie method is shown below:
= 
= 
= $8,500
The depreciation amount under straight line method should remain same over the estimated useful life
So, the second year’s depreciation for this equipment is $8,500
Answer:
A. $50 increase
Explanation:
Basically there are three types of activities:
1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.
2. Investing activities: It records those activities which include purchase and sale of the fixed assets
3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.
The change in net cash provided by operation is shown below:
= Investment made - purchased goods on credit - paid amount
= $300 - $150 - $100
= $50
Answer:
a Interest paid to partners based on the amount of invested capital.
Explanation:
A partnership is formed between two parties that agree to go into a venture for mutual gain. The parties share ownership of the business entity and as such are entitled to profit from their equity holdings.
Interest paid based on invested capital is considered a distribution of profit by the business and not an expense. This is similar to sharing profit to shareholders in a company.
Legitimate expenses include: cost of sales, staff cost, administrative costs, advertising costs, and professional expenses like hiring an accountant.
The business executives were further complicating a situation that was even that complicated to begin with. Tribal elder or not, the business executives were informed that the man was a tribal elder, thus following through with the gift giving customs. This type of act walks hand and hand with the philosophy behind sending something a card. This act should be seen as an act of respect and continued growth, nothing more. This gift should not have been foreseen as an unethical compromise of any <span>kind, but rather a token of appreciation.
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