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o-na [289]
4 years ago
5

Trend Decorations Company provides decorating services for store displays. Trend sold equipment that it had been using to create

decorations. Of the following choices, which will Trend report on its income statement when it sells the equipment?
A) Operating revenue: Sales revenue

B) Operating expenses: Loss on disposal of equipment

C) Other items: Loss on sale of equipment

D) General and administrative expenses: Sale of decorating equipment
Business
1 answer:
Lana71 [14]4 years ago
8 0

Answer:

Option "C" is the correct answer to the following statement.

Explanation:

We know that the sale of a machine is not included in operating items for an organization.

in this situation trend Decorations sale a machine, that is used by them to create the decoration.

In general, the term sale of this type of machine is not considered as revenue income or revenue loss.

So, this is counted as Other items (Loss or gain).

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Which country has a comparative advantage in the production of baseballs? explain.
bazaltina [42]

The US has a comparative advantage in the production of baseballs.

A baseball is a ball utilized in the sport of the identical call. The ball consists of a rubber or cork center wrapped in yarn and blanketed with white herbal horsehide or cowhide, or a synthetic composite leather-based. A law baseball is nine to 9¼ inches (229 to 235 mm) in circumference (just slightly under 3 inches (7.6 cm) in diameter), with a weight of 5 to five¼ oz. (142 to 149 g).[1] A baseball is sure together by using 108 hand-woven stitches through the cowhide leather-based.

The leather cover is generally formed from saddle-fashioned portions stitched together, normally with red-dyed thread. That stitching performs a giant position inside the trajectory of a thrown baseball due to the drag as a result of the interaction between the sewing and the air. Controlling the orientation of the stitches and the rate of the ball's rotation lets in a pitcher affect the conduct of the pitched ball in unique ways. normally hired pitches to consist of the curveball, the slider, the 2-seam fastball, the four-seam fastball, the sinker, the cutter, and the changeup.

Learn more about Baseball here:- brainly.com/question/857914

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5 0
2 years ago
Your friend is looking to find scholarly articles about online education. Which of the following groups of sources would you rec
kipiarov [429]

Answer:

B. journals and books (and e-journals or e-books on the web)

Explanation:

magazines are usually opinions

7 0
3 years ago
Coffer Co. is analyzing two potential investments.
MakcuM [25]

Answer:

d. Project X

Explanation:

For Project X

Year       Net cash outflow             Net cash inflow Balance

0              -$77,000                        -$77,000

1               $28,000                        -$49,000

2               $28,000                       -$21,000

3                $28,000                        $7,000

4                    0                               $7,000

Payback period = 2 + $21,000 ÷ $28,000

= 2 + 0.75

= 2.75 years

For Project Y

Year       Net cash outflow          Net cash inflow Balance

0              -$55,000                       -$55,000

1                $2,000                         -$53,000

2               $25,000                       -$28000

3                $25,000                       -$3,000

4                $20,000                       $17,000

Payback period = 3 +3,000 ÷ 20,000

= 3 + 0.15

= 3.15 years

Project X has a lesser than 3 year payback period. So, the correct option is D

4 0
4 years ago
Mark and Addison formed a partnership. Mark received a 25% interest in partnership capital and profits in exchange for land with
nevsk [136]

Answer:

$24,000

Explanation:

Calculation to determine How much taxable gain will Mark recognize from the sale

Mark allocated precontribution gain $20,000

($40,000-$60,000)

Add Post contribution gain $4,000

($60,000-$76,000*25%]

Taxable gain $24,000

($20,000+$4,000)

Therefore How much taxable gain will Mark recognize from the sale is $24,000

7 0
3 years ago
At the beginning of the year, Carson Company reported total current assets of $658,000 and total assets of $2,450,000. Carson re
Nady [450]

Answer:

The total asset turnover is 2.14 times

Explanation:

Total asset turnover = Sales / Total Assets

                                  = $6,000,000 / $2,800,000

                                  = 2.14 times

Consider year end balances only as this ratio is culculated at end of the financial period

Conclusion :

The total asset turnover is 2.14 times

6 0
4 years ago
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