Answer:
On the sale of this building, the company should recognize:_______
c. A gain of $600,000
Explanation:
a) Data and Calculations:
The cost for the Purchase of building on January 1, 2010 = $850,000
Accumulated depreciation as of December 31, 2014 = 200,000
Book value of building as of December 31, 2014 = $650,000
Sale proceeds on January 1, 2015 = $1,250,000
Gain from the sale of the building = $600,000
$39,000 was Quentin's retained earnings balance on December 31, 2013.
Retained Earnings in the Beginning (December 31, 2013) =
2014 Retained Earnings - Net income =44,000-5,000 =39,000(Answer)
current Ratio = Current Assets / Current Liabilites =90,000 /72,000= 1.25
Calculating the outstanding balance is very simple. Simply divide the company's current assets by its current liabilities. Current Ratios are assets that can be converted into cash within one year, and current liabilities are liabilities expected to be repaid within one year.
current Ratio relate to the company's financial obligations to be paid within one year. A higher liquidity ratio is clearly advantageous for business. A good cash ratio is between 1.2 and 2. This means that the company has liquid assets twice as much as its liabilities to cover its liabilities.
Learn more about the current Ratio here: brainly.com/question/2686492
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Answer:
Stable prices
Explanation:
Stable prices created a structured economy without residents having to constantly adapt to deflation, inflation etc.
Answer:
$5,700
Explanation:
Purchased of a commercial dishwasher + Incurred transportation costs+ Installation fees= Total recorded amounts
$5,000 + $400 + $300 = $5,700.
Therefore the amount that the company will record the dishwasher is $5,700 because the parking ticket should be expensed as incurred due to the fact that it is not a cost necessary to get the asset ready for use.
Answer: Equivalent forms
Explanation:
Parallel forms reliability which is also referred to as a equivalent forms reliability that tends to use a set of questions which is further divided in two equivalent forms, under which both sets tends to contain the questions that measure or evaluate the similar construct, skill or knowledge. These sets of question are then given to same individual from the sample within short time period and thus estimate of the reliability is then evaluated from these sets.
