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IceJOKER [234]
3 years ago
5

Individual A sells a rental building, its office equipment, furniture and fixtures, and its land to Individual B. Individual A r

ealizes a gain on the sale of the building, equipment, furniture and fixtures, and land. Individual A rented the building to commercial tenants. What is the character of the gain realized?
Business
1 answer:
Alexandra [31]3 years ago
5 0

Answer:

Recognized gain

Explanation:

The character of the gain is Recognized gain. A recognized gain is a gain/profit that is gotten from the sale of one's asset when the asset is sold above the price that was initially paid for the assets. Therefore individual A after selling the Rental buildings, office equipment, Furniture and Land to Individual B, still rents the Building to commercial tenants in other to realize the remaining gain, from the sale of the assets.

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aliina [53]

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  • It will help tp Uncomplicate some processes that may arise due to the use of Foreign PR.

<h3>What does it mean to work local consultancy ?</h3>

When you work with a local consultancy, it means that you are using the local police, or firm to aid the sales of your product or services.

Note that the use of , local consultancy will help get your product faster to the people as they know more about the market than foreign PR department.

Learn more about consultancy  from

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6 0
3 years ago
_____ is the process of planning and controlling the development of a system within a specified time frame at a minimum cost wit
Ilia_Sergeevich [38]

Answer:

A. Project management

Explanation:

It helps by identifying the plans and estimating the minimal possible time and cost needed to complete a project or development

8 0
4 years ago
Ajax, Inc., issued callable bonds with a par value of $1,000,000 that require the payment of a call premium of $10,000. The bond
ivann1987 [24]

Answer:

Explanation:

The journal entry is shown below:

On September 30

Bonds payable A/c Dr $1,000,000

Loss on bond retirement A/c Dr $20,000

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          To Cash A/c $1,010,000

(Being the callable bond is recorded)

The computation is shown below:

For cash

= Par value of bond + Premium

= $1,000,000 + $10,000

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= $1,010,000 - $990,000

= $20,000

And, the remaining amount would be transferred to discount on bond

7 0
4 years ago
What is the definition of quality according to Deming?
SCORPION-xisa [38]
According to deming, Good quality means a predictable
degree of uniformity and dependability with
a quality standard suited to the customer.
5 0
2 years ago
On the balance sheet, if ending inventory is overstated, then total assets will be __________ and stockholders' equity will be _
gizmo_the_mogwai [7]
Overstated; overstated
3 0
3 years ago
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