Answer: A) Fair value of the asset(s) given up.
Explanation:
Non-monetary exchange occurs when non-financial assets are exchanged in a transaction. Recording this transaction is based on the fair value of the assets exchanged and the recording is usually done in one of 3 ways being,
1. At the fair value of the asset transferred in exchange for it with a gain or loss on the exchange being recorded.
2. At the fair value of the asset received, if the fair value of this asset is more evident than the fair value of the asset transferred in exchange for it.
3. At the recorded amount of the surrendered asset, if no fair values are determinable or the transaction has no commercial substance.
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Answer:
Intrinsic and extrinsic motivation.
Explanation:
In psychology, there are mainly two distinct types of motivation i.e the intrinsic and the extrinsic motivation through which an individual is able to perform certain activities of his or her life.
Intrinsic motivation is described as a motivation in which an individual is being motivated to perform a specific task internally i.e it comes from within an individual to perform that task.
Extrinsic motivation is described as a type of motivation in which an individual certain task to get some external rewards, for example, affection, good grades, presents, etc.
Depending on a person to person whether he or she is being externally or internally motivated and on the situations as well. So, an individual can be both or can externally or internally motivated.
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Answer:
the total partner equity is $105,000
Explanation:
The computation of the total partner equity is shown below;
= Capital contributions × number of partners - withdrawn amount by the partners + total profit
= $50,000 × 2 - $5,000 - $7,500 + $17,500
= $105,000
hence, the total partner equity is $105,000
Therefore the correct option is B.