A customer who sold a bond at a loss must wait how long before he can buy back a substantially identical bond and not have the sale classified as a wash sale?
30 days.
Answer:
D
Explanation:
Sales mix is a ratio of products sold. In this case, sales by golf ball type as a percentage of total sales is the sales mix as it shows the ratio of product sold.
The loss on the disposal of the car is $-16,200.
The first step is to determine the total depreciation on the car.
Depreciation expense = percentage depreciation x cost of the asset
$37,000 x 0.1 = $3700
The second step is to determine the book value of the car = cost of the car - depreciation
$37,000 - $3700 = $33,300.
The book value is greater than the selling price of the car, so there was a loss on the sale. The third step is to determine the gain on the sale.
Loss = $17,100 - $33,300 = $-16,200
A similar question was answered here: brainly.com/question/24357323
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During a given time frame, the financial statement tests the success of your firm by displaying the gains and expenses of your corporation. The balance sheet reflects the financial stability of the organisation, calculating how much you owe and own. And the declaration of cash flow indicates how liquid cash is at the business.
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See if current consumers are the ones buying from your firm. Create a customer list to manage clients with email addresses. That way, every month or year, you can easily count the number of new customers.
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