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Murrr4er [49]
3 years ago
11

A system that is used for trading contracts for future delivery of cattle is known as

Business
1 answer:
m_a_m_a [10]3 years ago
6 0

Answer:

Cattle Future Contracts

Explanation:

A system that is used for trading contracts for future delivery of cattle is known as Cattle Future Contracts

Cattle futures contracts are agreements which are legally binding between the buying and selling party, for cattle to be delivered at a set date in the future and are negotiated at a futures exchange.

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Answer:

c. $1,300 gain

Explanation:

In this scenario, Susan recognized a $1,300 gain on this sale. This is because Susan originally purchased the stock for a total price of $6,000. When she sold the stock, she sold it for a higher price than what she originally paid for it therefore recognizing a gain. To calculate this gain we simply subtract her initial purchase price from her selling price of the stock which would give us a $1,300 gain.

$7,300 - $6,000 = $1,300

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On Jan 1, 2011, Grills and Grates Inc. purchased equipement for $45,000. The company is depreciating the equipment at the rate o
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Answer:

Balance in Accumulated Depreciation = $7,800

Explanation:

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This is because depreciation is not written off until the asset is permanently disposed off.

Final Answer

Balance in Accumulated Depreciation = $7,800

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