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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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If a reform of the tax laws encourages greater saving, the result would be
GarryVolchara [31]

Answer:

The correct answer is

d. lower interest rates and greater investment.

good luck

3 0
3 years ago
1. How are people rational when they make choices?
baherus [9]
Rational choice theory states that individuals rely on rational calculations to achieve outcomes that are in line with their personal objectives. These decisions provide people with the greatest benefit or satisfaction — given the choices available — and are also in their highest self-interest.
3 0
3 years ago
The following information pertains to Zion Company’s defined benefit pension plan:_______.
kobusy [5.1K]

Answer:

c. $45,000 liability

Explanation:

Fair Value of Plan Asset = Return on asset + employer contribution - Benefit paid

= $22,000 + $40,000 - $0

= $62,000

Projected Benefits Obligation = Service cost + interest cost

= $17,000 + $40,000

= $57,000

Pension asset / (liability) = Opening pension asset/ Liability + Plan asset - Projected Benefit Obligation - Amortization

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=  -$45,000

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5 0
3 years ago
The following transactions occurred during July: Received $1,050 cash for services provided to a customer during July. Received
Anastasy [175]

Answer:

$1,575

Explanation:

We will clasify the item "revenue" or "not":

  1. Received $1,050 cash for services provided to a customer during July -> yes, this is revenue
  2. Received $5,000 cash investment from Bob Johnson :  not revenue
  3. the owner of the business Received $900 from a customer in partial payment of his account receivable which arose from sales in June: not revenue for July, but June which was booked in June revenue already
  4. Provided services to a customer on credit, $525: yes, this is July revenue though it's still on account receivable
  5. Borrowed $7,500 from the bank by signing a promissory note: not revenue
  6. Received $1,400 cash from a customer for services to be rendered next year: not July revenue, it's customer advace and might be next year revenue once services are completed

So the amount of revenue for July = Received $1,050 cash for services provided to a customer during July + Provided services to a customer on credit, $525

= $1,050 +$525

=  $1,575

4 0
3 years ago
Minor violations may be granted upwards of _______ days for correction.
Radda [10]
Minor violations that are committed by people could just provide 10-20 days in the correction. However, heinous crimes like murder or homicide or ra pe could lead to reclusion Perpetua or lifetime imprisonment to the guilty or much worse, it could lead to the death penalty which was adopted by some states.
7 0
3 years ago
Read 2 more answers
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