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djverab [1.8K]
3 years ago
11

National Financial​ Services, Inc. invested $ 24,000 to acquire 5,000 shares of Stonebridge​ Investments, Inc. on March​ 15, 201

5. This investment represents less than 20​% of the​ investee's voting stock. On May​ 7, 2018, National Financial​ Services, Inc. sells 2,000 shares for $ 13,250. When the journal entry to record the sale is​ made, ________.
A. Gain on Disposal will be creditedB. Loss on Disposal will be debitedC. Equity Investments will be debitedD. Cash will be credited
Business
1 answer:
Savatey [412]3 years ago
5 0

Answer:

A. Gain on Disposal will be credited

Explanation:

In this question we have to compare the purchase price and sale price per share which is shown below:

The Purchase price per share would be

= Total amount invested ÷ number of shares acquired

= $24,000 ÷ 5,000 shares

= $4.8 per share

And, the sale price per share would be

= Total amount ÷ number of shares sold

= $13,250 ÷ 2,000 shares

= $6.625 per share

Since the sale price per share is higher than the purchase price per share which reflects the gain.

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Marrrta [24]

Answer:

$2 per hour

Explanation:

<u>Given</u>: Budgeted indirect cost $4000

           Budgeted allocation base ; 2000 hours

           Actual indirect costs incurred: $4200

           Actual allocation base : 2050 hours

Standard rate for allocation of indirect cost = Budgeted indirect cost/Budgeted allocation base

= $4000/2000 hrs

= $2 per hour

Budgeted or standard indirect cost rate refers to the estimated indirect cost rate which is arrived at by dividing budgeted expenses by budgeted allocation base i.e budgeted hours here.

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Answer:

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Explanation:

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On the other hand, the fact that an interaction occurs before a specific human need tells us that we must know what drives it. The need is what marks the nature of the interaction. In other words, the design of an experience changes radically depending on the needs involved.

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Vsevolod [243]
D is correct answer. 

They providing a method for student loans to be forgiven.

Hope it helped you.

-Charlie
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