1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
enyata [817]
3 years ago
11

Net income for the year was $161,511. The beginning net position balances are net investment in capital assets, $585,400; restri

cted, $5,000; and unrestricted, $254,790. New golf carts were leased. The present value of the lease liability is $200,000. A principal payment of $40,000 was made during the year, and amortization of the leased asset totaled $37,500. Lawn edging equipment with a carrying value of $6,100 was sold for $6,300. A new lawn mower was purchased for $75,000. At the end of the year, a $25,000 note associated with the machine remains outstanding. Depreciation of the mower was $7,500. Additional depreciation totaled $30,000.
Required
Prepare the net position section of Shelburne’s statement of net position.

Business
1 answer:
nikitadnepr [17]3 years ago
7 0

Answer:

Please see attached

Explanation:

please note that there may be differences between International Financial Reporting Standards and US GAAP

You might be interested in
A first step toward understanding organizational markets is recognizing the differences between industrial, reseller, and govern
zaharov [31]

Answer: True

Explanation:

To understand organizational markets, one must first realize that there are three main types of them: Industrial, reseller and government.

Industrial markets enable businesses to transact with each other. They trade raw materials and other goods to each other and process them to finished goods.

The reseller market does not involve any processing but rather firms buying from one and selling to another as middlemen.

The last market is the Government market. Any arm of government that purchases goods and services fall here including at local, state or federal level.

7 0
3 years ago
With the Likert scale, it is best to use "flat" or plain statements and let the respondent indicate the intensity of his or her
Basile [38]

Answer:

A

Explanation:

This is because it allows the respondent indicate the intensity of his or her feelings by using the agree-disagree response continuum position according to the Likert survey rating scale.

5 0
3 years ago
How are passwords stored on your personal computer?
enyata [817]
Passwords are stored on the computer with a encrypted format.

Encryption is the translation of data into a secret code. Encryption is the most effective was to achieve data security, which this protects and stores your passwords.

Hope this helps! :D
5 0
3 years ago
Hector would like to buy a new pair of soccer cleats. Hector prefers Adidas to Puma brand soccer cleats. But Hector chooses to b
oksano4ka [1.4K]

Answer: Option (A) is correct.

Explanation:

It was given that consumer prefers Adidas to puma brand soccer cleats but he buys puma brand soccer cleats. This is only because of the price theory and rational consumer choice. We know that a rational consumer will choose a product with a lower price. Both puma and Adidas brand soccer cleats are substitutes, thus, if the price of puma cleats is lower than the Adidas cleats then he should prefer puma brand soccer cleats.

3 0
3 years ago
Lindsay​ Electronics, a small manufacturer of electronic research​ equipment, has approximately 6 comma 800 items in its invento
nignag [31]

Answer:

97.8 or 98 items

Explanation:

A items:

= Percent of items in inventory × No. of items

= 0.1 × 6,800

= 680

B items:

= Percent of items in inventory × No. of items

= 0.31 × 6,800

= 2,108

C Items:

= Percent of items in inventory × No. of items

= 0.59 × 6,800

= 4,012

Units to be counted everyday:

=\frac{A\ items}{workings\ days} + \frac{B\ items}{workings\ days} + \frac{C\ items}{workings\ days}

=\frac{680}{22} + \frac{2,108}{61} + \frac{4,012}{124}

      = 30.90 + 34.55 + 32.35

      = 97.8 or 98 items

7 0
3 years ago
Other questions:
  • Which of the following are the banks not required to disclose in the Schumer box?. . A.Credit limit. B.Annual fee. C.APR. D.Grac
    6·2 answers
  • Command and Control Regulation is when____.
    5·1 answer
  • I have a fallacious argument is one that is based on
    11·1 answer
  • Frogue Corporation uses a standard cost system. The following information was provided for the period that just ended:
    11·1 answer
  • Skylar Company issued $50,000,000 of its 10% bonds at par on January 1, 2019. On December 31, 2019, the bonds were trading on th
    11·1 answer
  • Consider the following information for a simultaneous move game: If you charge a low price (LP) and your rival charges a LP, you
    15·1 answer
  • The following selected accounts from the Pina Colada Corp.’s general ledger are presented below for the year ended December 31
    8·1 answer
  • You are valuing an investment that will pay you $28,000 per year for the first 4 years, $43,000 per year for the next 12 years,
    10·1 answer
  • Pronghorn Corporation shipped $20,800 of merchandise on consignment to Gooch Company. Pronghorn paid freight costs of $2,200. Go
    6·1 answer
  • A traveler needs to _____________ only when upon returning from an international trip.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!