Answer:
C
A
Explanation:
1. c. To inform a customer about a recall
2. a. To retain the customer’s goodwill
Answer:
D
Explanation:
D is the answer sjkrkdrir
Answer:
gain of $5,000
Explanation:
Wolf's gain = fair market value - book value = $45,000 - $40,000 = $5,000
a company must determine the gain or loss of an exchange transaction using the asset's book value and comparing it against its fair market value. If the FMV is higher than the book value, the company will recognize a gain. If the FMV is lower than the book value, then the company will recognize a loss.
C makes more sense than the others :((. Hope it helps
Debit Advertising expense $400, credit accounts payable 400.
