Answer:
assets + 80,000
liaiblities + 80,000
equity: no effect
Explanation:
the land enter the accounting at cost, which is 100,000
cash, which is an assets will decrease by 20,000
the net effect on assets is 80,000
(100,000 from lñand - 20,000 ecrease in cash)
the amount financed through the promissory note will increase liaiblities for 80,000
equity will not be affected.
Answer:
A. an installation
Explanation:
In this situation, the large plastics molding machine it rented would be classified as an installation
Answer:
Building with fair value of $150,000
Explanation :
In the consolidation work paper elimination, we eliminate the Equity or Net Identifiable assets that exist in Star Company at the Acquisition Date.
The Building with fair value of $150,000 was the only balance sheet item existing thus this is ultimately the Net Identifiable Assets that would be eliminated.
Answer:
(B) Advice the production and purchasing department to produce or order smaller quantities of products.
Explanation:
According to my research on basic economics and business owning I can say that the best thing for Georgia to do in this situation in order to help her company become more value driven is to Advice the production and purchasing department to produce or order smaller quantities of products. This is because since product is not selling fast enough they should sell what they already have before producing more, otherwise they will be wasting money on products which will eventually cause them to be overflowing stock. Thus losing money.
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