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3 years ago

The following transactions were completed by the company.

Business

1 answer:

aleksandrvk [35]3 years ago

6 0

Answer:

Assets : Increase by $6,000

Liabilities : No effect

Equity : Increase by $6,000

Assets : Increase by $4,500

Liabilities : No effect

Equity: Increase by $4,500

Assets : Decrease $1,650

Liabilities : No effect

Equity : Decrease $1,650

Assets : Increase $2,250, Decrease $2,250

Liabilities ; No effect

Equity: No effect

Assets : Decrease $800

Liabilities : No effect

Equity : Decrease $800

Explanation:

Recognize Revenue and Assets of Cash

Recognize Revenue and Assets in Trade Receivable

Recognize an expense and de-recognize the Assets of Cash

Recognize Assets in Cash and de-recognize Assets in Accounts Receivables.

Recognize an Expense and de-recognise the Assets in Cash

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2 years ago

Geoff purchased a life annuity for $4,800 that will provide him $100 monthly payments for as long as he lives. Based on IRS tabl

Brilliant_brown [7]

Answer:

B. $80

Explanation:

The annuity exclusion ratio is ($4,800/($100*240))= 20% return of capital per payment. Hence, $80 of the $100 monthly payment is include in gross income

8 0

3 years ago

Kevin bought 265 shares of Intel stock on January 1, 2019, for $76 per share, with a brokerage fee of $165. Then, Kevin sells al

garri49 [273]

Answer:

$2800

Explanation:

To find the Gain or loss on the sell of shares we jus need to deduct cost of purchasing and brokerage fee from sale proceeds

12 DECEMBER 2019

Gain/loss = Sales proceeds- Total Cost to purchase - Cost to sell

Gain/loss= ($88 x 265) - $20,305 - $215

Gain/loss= $23,320 - $20,305 - $215

Gain/loss= $2800

WORKINGS

Purchase 1 Jan 2019

265shares x $76per share = $20,140

Total cost to purchase = $20,140 + $165(brokerage fee)

Total cost to purchase = $20,305

Cost to sell = $215(brokerage fee)

3 0

3 years ago

_____ requires coordination among government departments and agencies, as well as cooperation toward common objectives across co

o-na [289]

"Unity of effort" requires coordination among government departments and agencies, as well as cooperation toward common objectives across commands.

<u>Answer:</u> Option C

<u>Explanation:</u>

At the national level the unity of effort is basically a cooperative effort involving a number of departments and agencies of the United States Government. "Unity of effort" is about teamwork and collaboration directed towards common goals although participants do not generally form part of the same command or organisation that is the result of effective unified action.

The aim of promoting cohesion of action is to generate a ellaborative consensus approach while applying national power instruments towards common goals. The unity of effort is a continuous process which demand constant effort to sustain inter-organizational relationships.

3 0

3 years ago

HUD, Co. had a beginning retained earnings of $29,825. For the year, the company had net income of $6,540 and paid dividends of

marissa [1.9K]

Answer:

$38,265

Explanation:

Beg RE = $29,825

Plus Net Income = $6,540

Minus Dividends = ($2550)

Plus New Stock = $4450

Ending RE = $38,265

6 0

2 years ago