C. $7,000 capital gain
First, we need to find Net value of Cynthia's share
Net value of Cynthia's share = Value of share - Liabilities
Net value of Cynthia's share = $28,500 - $14,000
Net value of Cynthia's share = $14,500
The next step is to compute Cynthia's net value of her shares sold to Roger.
Then,
Cynthia's gain = Selling value - Net value of share
Cynthia's gain = $21,500 - $14,500
Cynthia's gain = $7,000
Therefore, the amount and character of Cynthia's recognized gain or loss on the sale is $7,000 capital gain.
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Answer:
question
1. how much amortization expense on the goodwill can Ingrid deduct in year 1, year 2, year 3?
2. In lieu of the original facts, assume that Ingrid purchase only a phone list with a useful life of 5 years for $16,500.
How much amortization expense on the phone list can Ingrid deduct in year 1, year 2 and year 3?
Explanation:
The explanation is shown in the file attached. Thank you i hope it helps
Answer:
broke people
Explanation:
if you broke then maybe they help
Answer:
Justice
Explanation:
The Belmont Report has the full name Ethical Principles and Guidelines for Protection of Human Subjects of Research, Report of the National Commission for the Protection of Human Subjects of Biological and Behavioural Research.
The report outlines the ethical guidelines for involving humans in a research. There are 3 primary considerations:
- Respect for persons and getting their consent. Researcher must be transparent to the participants.
- Beneficence is the philosophy of doing no harm. Risks are minimised for participants of the research.
- Justice ensure that all participants recieve equal costs and benefits and the procedure is non exploitative.
In the given scenario where Students may use either their personal smartphone or computer to participate in the program.
The type of device used by the students may not give them the full benefit of the research. For example a computer may give a better experience than a smartphone.
Also some may not use a smart phone or computer. This violates the principle of Justice.
To remedy this the researcher can provide a device for all students to use during the programme.
Answer:
to explain any difference between the depositor’s balance per books with the balance per bank
Explanation:
The goal of this process is to ascertain the differences between the banks records and the depositor’s records and make accounting changes as deemed appropriate. There is a general flow that is used to make the correcting entries:
1. The process flow starts with the bank’s ending cash balance
2. Add any deposits made by the company to the bank that are in transit
3. Deduct any cheques that are uncleared by he bank
4. Add or deduct any other items available as necessary
5. In the company bank records, once again start with the ending balance
6. Deduct any bank service fees, penalties and NSF (Non-Sufficient Funds) cheques.
7. Add interests earned
At the end of this process, it is likely that both accounts would be equal and tally.