Answer:
$185,000
Explanation:
According to the given situation, the computation of gain is shown below:-
Recognized gain = Amount realized—stock - Adjusted basis of property transferred
= $200,000 - $15,000
= $185,000
Therefore, for computing the recognized gain we simply applied the above formula.
Hence, the gain realized on the transaction is $185,000
1# Jared was first mayor of a city then governor of a state. So, now he can run for President of United States
2# careers in Governance pathway are designed or serve different interest groups
3# Friendly and good communication skills
4# School Principal and business administration
5# good listener and comfortable with taking on intimate aspects of patient care
Answer:
Advocacy.
Explanation:
making a case for a perspective, a change in belief, or a particular action. Argument. an assertion (a claim) supported by evidence, expert opinion, data, or a logical chain (grounds)
Complete Question:
Yem Company manufactures luggage sets. Yem sells its luggage sets to department stores. Yem expects to sell 1,600 luggage sets for $260 each in January and 1,700 luggage sets for $260 each in February. All sales are cash only. Prepare the sales budget for January and February
Answer:
Yem Company
Yem Company
Sales Budget
Two Months Ended January 31 and February 28
January February
Budgeted luggage sets to be sold 1,600 1,700
Sales price per set $260 $260
Total sales $416,000 $442,000
Explanation:
a) Data and Calculations:
Expected sales units in January = 1,600 luggage sets
Selling price for January sales = $260 each
Expected sale units in February = 1,700 luggage sets
Selling price for February sales = $260 each
Answer:
<em>Bank reconciliation is a statement carried out by a company to know the difference between cash balance per book and cash balance per bank.</em>
<em>A journal is needed by a company to keep day to day updates of records.</em>
Explanation:
<em>Banks prepares statement of account. the Borden company has updates its own records from their end. most times times the balance of cash per bank and per book rarely work well or agree.</em>
<em>Bank reconciliation is a statement that is prepared by a company to know the disagreement and dissimilarity of cash balance per book and cash balance per bank</em>
<em>A record journal entry must be made by the company to have a good update of their records.</em>
<em>An example of a journal is shown below</em>
<em>Date, Account and explanation, post reference, Debit($), Credit ($)</em>
