Answer: a.Dr. Gain on Sale 9,600
Dr. Equipment 8,400
Cr. Accumulated Depreciation 18,000
Explanation:
Difference between following entries gives the elimination entry:
Actual: Equipment as actually recorded in the financial statements (Equipment Dr. 91600, Gain on sale Cr. 9600)
As if: Equipment as recorded in the financial statements as if it had not been transferred (Equipment Dr. 100000, Accumulated Depreciation Cr. 18000)
Difference of the above recorded entries would be: Equipment Dr. 8400, Gain on sale Dr. 9600, Accumulated Depreciation Cr. 18000
Thus, entry needed to eliminate Buzz’s gain on the sale of equipment to Woody would be:
.Dr. Gain on Sale 9,600
Dr. Equipment 8,400
Cr. Accumulated Depreciation 18,000
Because of PERCEPTUAL FILTERS, people exposed to the same information will often disagree about what they saw or heard.
Perceptual filtering is the process of taking in new information and interpreting it based on personal prior experiences and cultural norms.
venture capital would not be considered
<h3>What is
venture capital?</h3>
Venture capital is a type of private equity financing provided by venture capital firms or funds to startups, early-stage, and emerging companies with high growth potential or that have demonstrated high growth.
Venture capital is money put into startups and small businesses that are high risk but have the potential for exponential growth. A venture capital investment seeks a high return for the venture capital firm, typically in the form of a startup acquisition or an IPO.
To know more about venture capital follow the link:
brainly.com/question/18776651
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