Answer:
Mutual assent.
Explanation:
Since Linda is not yet 18 years old her parents should give assent on the contract of sales trainee.
Answer:
Dr Cash 16,000
Dr Loss on Sale of Stock investment 6,000
Cr Stock Investments 22,000
Explanation:
Preparation of the Journal entry to record the sale
Based on the information given we were told that the Corporation sells shares of 400 common stock which is being held as a short-term investment in which the shares were been acquired 6 months ago at the amount of $55 per share which means that if Cooke sold the shares for the cost of $40 per share. The entry to record the sale will be :
Dr Cash 16,000
(400*40 shares)
Dr Loss on Sale of Stock investment 6,000
(22,000-16,000)
Cr Stock Investments 22,000
(400*55 shares)
(Being to record sales)
Answer:
<h2>To find the missing angle: Label each angle in the triangle with a letter. The unknown letter will be to the left of the =. In the image above, A is the unknown angle. Choose the equation with A to the left of the =. Insert the values of the known letters into the right hand side of the equation.</h2>
Explanation:
I hope this helps
Answer:
Recognized gain (loss) on the exchange = $0
Basis in the land = $75,000
Explanation:
Apartment Fair market value = $80,000
Land's value = $60,000
Cash received = $20,000
So Gain/(Loss) = $80,000 - ($60,000+$20,000) = $0
Basis in Land = $95,000-$20,000 = $75,000