____refers to displaying information for the user's view.

Cynthia Co. exchanged Building 24 which has an appraised value of $4,800,000, a cost of $7,600,000, and accumulated depreciation

DENIUS [597]

Answer:

See the journal entries below.

Explanation:

In the Book of Cynthia Co.

Book value of Building 24 = Cost of Building 24 - Accumulated depreciation of Building 24 = $7,600,000 - $3,619,000 = $3,981,000

Gain on disposal of Building 24 = Building 24 an appraised value of - Book value of Building 24 = $4,800,000 - $3,981,000 = $819,000

Basis for Building M = Building M appraisal value - Gain on disposal of Building 24 = $4,560,000 - $819,000 = $3,741,000

Cash = Accumulated Depreciation of Building 24 + Basis for Building M - Cost of Building 24 - Gain on Disposal of Building 24 = $3,619,000 + $3,741,000 - 7,600,000 - $819,000 = $1,059,000

The journal entries will look as follows:

Accounts Title Debit ($) Credit ($) 

Accumulated Depreciation 3,619,000

Building M 3,741,000

Cash 1,059,000

Building 24 7,600,000

Gain on Disposal 819,000

To record the exchange of Building 24 for Building M from Waterway Co.

In the Book of Waterway Co.

Building 24 = Building M cost + Cash - Building M depreciation = $9,096,000 + $1,059,000 - $4,747,000 = $5,408,000

The journal entries will look as follows:

Accounts Title Debit ($) Credit ($) 

Accumulated Depreciation 4,747,000

Building 24 5,408,000

Building M 9,096,000

Cash 1,059,000

To record the exchange of Building M for Building 24 from Cynthia Co.

4 0

3 years ago

The benefits of operating a business as a limited liability corporation include all of the following EXCEPT ________.

N76 [4]

The benefits of operating a business as a limited liability corporation include all of the following EXCEPT the business cannot be sued by another party. In an LLC you are not able to be sued by another party. An LLC is similar to a partnership and a sole-prioprietorship with the interworking of a corporation. In an LLC there is a tax break given by following the partnership and sole-proprietorship methods. Due to the tax breaks, an LLC is a popular business model that many small businesses use.

5 0

3 years ago

Wanda owns a lemonade stand. she produces lemonade using five inputs: water, sugar, lemons, paper cups, and labor. her costs per

kari74 [83]

The cost of making one cup of lemonade = 0.01 + 0.02 + 0.03 + 0.02 + 0.10 = 0.18
Wanda sells a cup of lemonade for 0.50, thus, she always make a gain of 0.32 on each cup of lemonade. That is, Profit = 0.50 - 0.18 = 0.32.
For 300 cups of lemonade, Wanda profit's will be 0.32 * 300 = 96
Therefore, Wanda's economic profit is $96.

7 0

3 years ago

Imagine that a food critic visits your restaurant and writes a positive review that was then published in a magazine. This is an

BartSMP [9]

Answer:

Good Quality or Service

Explanation:

This is a very general question however I’ll try to answer it to the best of my knowledge.

This is an example of Good Quality or Service OR Public Relations or Promotion.

Good Quality or Service – The food quality or the service at the Restaurant must be very good that the food critic was so impressed that he/she published this review on the magazine so that others may try the delicious food of this Restaurant.

Public Relations or Promotion – Regardless of the food quality or the service at the Restaurant, the restaurant owner had paid the food critic/blogger to post good reviews about his/her Restaurant in the magazine which would attract more customers to this Restaurant.

In my opinion, Good Quality or Service is more relevant in this scenario.

3 0

3 years ago

Tobiaz, inc., a private firm, wants to create a survey program similar to the Uniform Crime Reporting Program/National incident-

olchik [2.2K]

Answer:

C, they analyze police reports about crimes reported by victims

Explanation:

Option A is wrong because is disregard hard crimes that conducted by blue-collar people (such as theft, store robbery, or even gang attacks).

Option B and D are wrong because 'Potential' victims do not always translate to actual victims, This will make the data that collected by the firm become misleading. They wouldn't find out the type of crimes that often happen in real life and wouldn't be able to design a proper solution for them.

Option C is the best choice from the available options. Even though it's not perfect. There are a lot of crimes that often goes unreported by the victims (such as domestic abuse)

4 0

3 years ago