Answer:
b. Accounts receivables (gross) is reduced
Explanation:
As we know that
The journal entry to record the bad debt expense is
Bad debt expense A/c Dr
To Allowance for doubtful debts
(Being allowance of uncollectible accounts are recorded)
By passing this journal entry, both bad debt expense and the allowance for doubtful debts which result in a decrease in the net income and the balance of account receivable but the gross of account receivable would remain the same.
Answer:
Brittany sold her stock (the basis of $60,000) to her brother, Ridge, for $35,000, the fair market value. Her brother subsequently sells the stock to the third party for $34,000.
Ridge’s recognized gain or (loss) is ($ 1,000).
Explanation:
The formula for calculating recognized Gain/[loss] is expressed below:
Recognized Gain/[loss] = Sales Price - Fair Market Value at the time of purchase from Brittany
Recognized Gain/[loss] = $ 34,000 - $ 35,000 = [$ 1,000]
Based on the calculation above, Ridge’s recognized gain or (loss) is ($ 1,000).
The true statement about Master Limited Partnerships is <u>D. Master limited partnerships</u> sell partnership interests to investors on public markets like the New York Stock Exchange.
<h3>What are master limited partnerships?</h3>
Master limited partnerships are publicly-traded partnerships taxed as partnerships.
While combining the tax benefits of a partnership with the liquidity of publicly-traded entities, master limited partnerships have become hybrid entities of limited partners and general partners.
The limited partners invest their capital into the partnership for periodic cash distributions, while the general partners are responsible for running the MLP's operations. The compensation of general partners is known as incentive distribution rights (IDRs).
Thus, the correct option for Master Limited Partnerships is <u>Option D</u>.
Learn more about master limited partnerships at brainly.com/question/22231221
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Answer:
Therefore, the Beta of Portfolio AC is 1.10
Explanation:
In order to calculate the Beta of Portfolio AC we would have to make the following calculation of the following formula according to the given data:
beta of Portfolio AC is given as=80%*1.0+20%*1.5
beta of Portfolio AC is given as=0.8+0.3
beta of Portfolio AC is given as=1.10
Therefore, the Beta of Portfolio AC is 1.10
The answer is <span>ROI
If the manager is evaluated based on Return on Investment, that manager will be very likely to reject every projeccts which return is below a certain departement standard no matter if that project is profitable for the company in the fear of being replaced by those who show better numbers.</span>
