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Zigmanuir [339]
3 years ago
15

In a liquidation, a.gains or losses are distributed according to the partnership agreement. b.assets may be sold at amounts that

differ from their original cost. c.the business will not continue. d.All of these choices may occur.
Business
1 answer:
Sergeeva-Olga [200]3 years ago
8 0

Answer:

D

Explanation:

Liquidation is when the business closes down or dissolves which means the business will not continue any further. Firstly all the assets are sold at their market value which differs from the actual cost or the book value and all the liablities are paid for (or compensated for). After paying all the due balances and receiving all receivables the gain or loss is divided amongst the partners according to their partnership agreement which states the profit/loss sharing ratio. in case of no agreement, the profit/loss is shared equally.

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Analysis of an income statement, balance sheet, and additional information from the accounting records of Gadgets, Inc., reveals
lys-0071 [83]

Answer and Explanation:

The categorization is shown below:

1 Purchase of a patent = Investing activities  as it represents in a negative sign because it is a cash outflow

2 Depreciation expense Operating activities  as it is added to the net income

3 Decrease in accounts receivable =  Operating activities  as it is added to the change in adjustments column

4 Issuance of a note payable = Financing activities  as it represents in a a positive sign because it is a cash inflow

5 Increase in inventory = Operating activities  as it is deducted from the change in adjustments column

6 Collection of note receivable = Investing activities  as it represents in a positive sign because it is a cash inflow

7 Purchase of equipment  = Investing activities  as it represents in a negative sign because it is a cash outflow

8 Exchange of long term assets = Separate non cash activities note  as it does not involved any cash transactions

9 Decrease in accounts payable = Operating activities  as it is deducted from the change in adjustments column

10 Payments of dividend =  Financing activities  as it represents in a negative sign because it is a cash outflow              

4 0
3 years ago
(c) the limits of the terms of trade are determined by the comparative cost conditions in each country before trade: 1a
Lorico [155]

The limits of the terms of trade are determined by the comparative cost conditions in each country before trade:

Less commerce occurs as a result of partial specialization and rising costs than when costs are constant. The cost advantage one country has over another serves as the foundation for commerce. This explains why some countries make things that they also import since they are able to do so for less money than their trading partners.

What is comparative cost ?

Comparative costs refers to comparing, using a comparative costs approach, the costs of signing into a privatized contract to the expenses of the state maintaining to provide the services that are the subject of the contract.

Therefore,

Less commerce occurs as a result of partial specialization and rising costs than when costs are constant. The cost advantage one country has over another serves as the foundation for commerce. This explains why some countries make things that they also import since they are able to do so for less money than their trading partners.

To learn more about comparative cost from the given link:

brainly.com/question/8141905

3 0
2 years ago
The inventory data for an item for November are: Nov. 1 Inventory 20 units at $19 4 Sold 10 units 10 Purchased 30 units at $20 1
SSSSS [86.1K]

Answer:

cost of goods sold = $580

Explanation:

The cost of the goods sold means the cost price of the total sales volume. As the company uses FIFO (First-in, First-out) method and also uses the perpetual inventory system, the cost of goods sold =

Cost of goods sold =

20 units × $19 = $380 (The price is from November 1)

10 units × $20 = $200 (The price is from November 10)

The total cost of goods sold (30 units) = $580

8 0
3 years ago
Fox Co. had 120,000 shares of common stock outstanding at January 1. On July 31, it issued 60,000 additional shares of common st
balu736 [363]

Answer:

180 000 common stock shares outstanding

Explanation:

preference shares are not used in calculating earning per share. Earning per share is the part of the firm's profit that is attributed to common stock shares. It is an indicator of financial strength of a company. It also shows the intrinsic value of the company's shares. This can be used to determine if a share is overvalued or under valued in the equity market.

The company  has 120, 000 common stock shares and issued additional 20,000 common stock shares totaling 180,000 common stock shares.

8 0
3 years ago
In some ways, a debit card is more vulnerable to theft than cash or a checkbook. Explain how this is so. << Read Less
avanturin [10]

I donno

i have wasted 130 dollars at fortnite and i am brome

4 0
3 years ago
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