Answer: $10,000
Explanation:
I know this question looks like a lot but it isn't. It is simply asking how much gain was made in the cash that was exchanged.
Now we see that the company acquired the building for $50,000 but acquired the mortgage on it of $40,000 and hence paid off the balance of $10,000 to Al.
So the gain was,
Cash in the amount transferred = (fair market value - mortgage)
= $50,000) - $40,000
= $10,000
$10,000 is the gain that Al should recognize as a result of this transaction.
Answer:
Recruitment, selection ,employment
Explanation:
The staffing system components model occur in this stage that is <em>Recruitment, Selection, Employment </em>, after the initial interaction between the applicant and the organization .
<em>Staffing refers to filling the empty space or finding the appropriate person for the empty space or job.</em>
<u>The staffing function has three elements which are mentioned below-</u>
1. Recruitment
2. Selection
3. Training
<u>The stages of staffing function are -</u>
1. Estimating man power requirement
2. Recruitment
3. Selection
4. Placement and orientation
5. Training and development
6. Performance Appraisal
7. Promotion and career development
8. Compensation
Answer and Explanation:
No. Account titles and explanation Debit Credit
(a) Cash $2,304
Service Charge Expense($2,400 * 4%) $96
Sales Revenue $2,400
No. Account titles and explanation Debit Credit
(b) Cash $57,024
Service Charge Expense($59,400 * 4%) $2,376
Accounts Receivable $59,400
