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
Explanation:
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Answer: startup
Explanation:
The start up phase is when the entrepreneur puts their time effort and money the most, he or she has to come up with ideas and consistently implement them hence if the owner can decide if the the business opportunity is not for them at this stage because they will not be willing to through all that if they are not passionate
Answer:
Balance in Accumulated Depreciation = $7,800
Explanation:
Time period from investment to the date i.e. from Jan 1, 2011 to Jan 31, 2012 = 13 months.
Provided monthly depreciation = $600
Depreciation for 13 months = $600
13 = $7,800.00
Therefore balance of accumulated depreciation as on the date January 31, 2012 = $7,800.00
This is because depreciation is not written off until the asset is permanently disposed off.
Final Answer
Balance in Accumulated Depreciation = $7,800
Answer:a is the answer I’m pretty sure yea it is i double checked