Answer:
Cash account balance $5,680
- bank service fees ($47)
- NSF check ($190)
+ customer's note receivable $560
<u>+ interest earned $66 </u>
adjusted cash account balance $6,069
Dr Bank fees expense 47
Cr Cash 47
Dr Accounts receivable 190
Cr Cash 190
Dr Cash 560
Cr Notes receivable 560
Dr Cash 66
Cr Interest revenue 66
Answer:
Kipp would NOT deduct any losses from the the partnership assuming he owns no other investments and does not participate in the partnership's operations
Explanation:
Kipp would not deduct any losses from the the partnership assuming he owns no other investments and does not participate in the partnership's operations because NO losses are deductible in either of the year due to the fact that activity is passive and he owns no passive income- producing investments because had it been the passive loss rules not applied, the at-risk rules would have limited the deduction to $65,000 over the two-year period.
The market environments made up of consumers and companies is the traditional marketplace, and the other is the marketspace.
<h3 /><h3>What is the marketplace?</h3>
Corresponds to the market where exchanges, transactions and negotiations of products and services between individuals and organizations are carried out.
Therefore, through the marketplace and marketspace, economic transactions are carried out and determined by the law of supply and demand.
Find out more about marketplace here:
brainly.com/question/25689913
<span>D is the correct answer. The business benefits because the owners can share responsibilities, in most cases. However, some people may be silent partners - for example, they may invest in a business, but not have any say in how it is run.</span>
