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Lana71 [14]
3 years ago
7

All of the following are examples of capital except: (A) the robot used to help produce your car.(B) a computer used by your pro

fessor to write this exam.(C) the factory that produces the costume jewelry you buy.(D) the inventory of unsold goods at your local hardware store.(E) an uncut diamond that you discover in your backyard.
Business
1 answer:
tiny-mole [99]3 years ago
6 0

Answer:

E. An uncut diamond that you discover in your backyard.

Explanation:

Generally, the term ‘capital’ refers to any financial resources or assets owned by a business that are useful in furthering development and generating income.

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You can buy at a low price for a stock and sell it for a higher price.
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Tablet Tailors sells tablet PCs combined with Internet service, which permits the tablet to connect to the Internet anywhere and
Mrac [35]

Answer:

Please find solutions in the attached images

Explanation:

I have attached images of my journal entry solutions to this question as required.

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How many people do online school here...? Because I see a lot of the same questions here...?
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Read 2 more answers
At the end of the prior year, Doubtful Inc. had a deferred tax asset of $18,500,000 attributable to its only timing difference,
iren [92.7K]

Answer:

Journal entries to record Doubtful's income tax expense for the current year.

No   Account titles and Explanation             Debit'$    Credit'$

1       Income tax expense                             8,945,000

                  Deferred tax asset                                     3,800,000

                  [(42,000,000*35%) - 18,500,000]

                   Income taxes payable                               5,145,000

                   [(14,700,000*35%)]

         (To record tax expenses)

2        Income tax expense                            1,270,000

                 Valuation allowance - deferred tax asset  1,270,000

                   (3,730,000 - 5,000,000

          (To record valuation allowance)

7 0
3 years ago
Brian Cartwright is a single taxpayer who itemizes deductions and has no dependents. Since Year 1, Brian has owned a 50% interes
ankoles [38]

Answer:

Following are the solution to the given points:

Explanation:

For point 1:

=\$22500\times 50\%\\\\=\$22500\times \frac{50}{100}\\\\=\$112500

For point 2:

=\$48000\times 50\%\\\\=\$48000\times \frac{50}{100}\\\\=\$24000

For point 3:

=\$5000\times 50\%\\\\=\$5000\times \frac{50}{100}\\\\=\$2500

For point 4:

=\$20000\times 50\%\\\\=\$20000\times \frac{50}{100}\\\\=\$10000

For point 5:

=\$40000\times 50\%\\\\=\$40000\times \frac{50}{100}\\\\=\$20000

For point 6:

=\$3000 \times 50\%\\\\=\$3000 \times \frac{50}{100}\\\\=\$1500

For point 7:

=\$6000\times 50\%\\\\=\$6000\times \frac{50}{100}\\\\=\$3000

For point 8:

=\$1000 \times 50\%\\\\=\$1000 \times \frac{50}{100}\\\\=\$500

8 0
3 years ago
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