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astra-53 [7]
3 years ago
5

Grady exchanges qualified property, basis of $20,667 and fair market value of $24,800, for 60% of the stock of Eadie Corporation

. The other 40% of the stock is owned by Pedro, who acquired it five years ago.
Business
1 answer:
Marina86 [1]3 years ago
3 0

Answer:

Built in gain is $4,133

Explanation:

FMV of property $24,800

Grady's tax basis in his property $20,667

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Franklin Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of b
N76 [4]

Answer:

Adjusted balance = $23,387

Explanation:

                    Franklin Company

        Bank Reconciliation statement

Bank balance as of August 31                 $21,837

Add: Deposit in transit          <u>                   $ 7,350</u>

                                                                 $29,187

<u>Less: Outstanding check                        $(5,800)</u>

Adjusted cash balance                          $23,387

Cash balance as of August 31                $22,662

Add: Collection of Note receivable     <u>   $     870</u>

                                                                 $23,532

<u>Less: Bank service charge                      $(    145)</u>

Adjusted cash balance                          $23,387

6 0
3 years ago
Use the___icon to delete a record ?<br><br> A.*<br> B.=<br> C.X<br> D.&amp;
Ghella [55]

Answer:

X

Explanation:

Crt +X to delete some thing in computer

8 0
3 years ago
flextime means that the employee has complete control over their work hours and can work anytime of the day or night for as many
xxMikexx [17]

A work arrangement known as "flextime," or "flexible time," gives employees control over when they begin and end their workdays.Flextime gives workers a chance to better manage their time as they strive for a better work-life balance.

Flexible scheduling, also known as flextime, is a type of work schedule that lets employees set their own hours of operation within predetermined parameters. Periodic basis; negotiated the times of start and finish. shortened workweek.

What policy governs flextime?

A schedule known as flex time, flextime, or flexible time allows employees to alter the beginning and end times of their workdays. An employee can adjust their schedule in response to life events like doctor's appointments with flextime. The employer is entirely in charge of flextime.

Learn more flextime here:

brainly.com/question/26614549

#SPJ4

6 0
1 year ago
In considering NBAC’s analytic approach, an otherwise competent person who is acutely ill might be considered at especially high
xxMikexx [17]

Answer:

c. Situational cognitive vulnerability.

Explanation:

Situational cognitive vulnerability -

It is the cognitive vulnerability in the field of cognitive psychology , it is the belief of cognitive bias .

It is the situation that does not allow to exercise the capabilities effectively .

hence , from the question ,

The correct term according to the statement of the question is  - c. Situational cognitive vulnerability.

5 0
3 years ago
Peterson Company's petty cash fund was established on January 1 with $500. On January 31, a count of the fund revealed: $105 in
mr_godi [17]

Answer:

(395) NA (395)NA 400 (395)(395) OA

Explanation:

Data provided in the question  

Petty cash fund balance = $500

Remaining cash balance = $105

Vouchers for miscellaneous expenses = $400

Sp by considering the above information, the effect would be and the balance would be  

= Petty cash fund balance - remaining cash balance

= $500 - $105

= $395

So the effect would be recorded as an operating activity for $395 plus it also records the miscellaneous expense for $400 and another financial statement is also affected  

7 0
3 years ago
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