Answer:
balance sheet
Explanation:
Businesses are required to prepare a balance sheet at the end of every financial year. The balance reports the net worth of a company. It lists all the assets and their values on one side and liabilities and equity on the side. The balance sheet follows the accounting equation to indicate the total assets on one side. It shows how the assets have been financed through liabilities and equity.
Answer:<u><em> The amount and character of Daniela's gain or loss from the distribution will be $0.</em></u>
Explanation:
Given : Daniela is a 25% partner in the JRD Partnership, liquidating distribution of $16,000 cash, inventory with a $16,000 fair value (inside basis $8,000), and accounts receivable with a fair value of $8,000.
<u><em>Here, Daniela will not recognize any gain or loss on the distribution. She will instead reduce the basis of the inventory she receives in complete liquidation of her interest.</em></u>
Answer:
12.18%
Explanation:
Company selling price in US = $55,000
(which is equal to price with 20% margin)
= 27,363 pounds × $2.01
= $55,000
Now the exchange rate increased to $2.15 per pound,
so here the manufacturing cost of the car will increase according to the increase in the exchange rate.
The selling price remains constant, then the profit margin is as follows;
Manufacturing cost of the car = 22,803 pounds × $2.15
= $49,026.45
Selling price = $55,000
Profit margin:
= Selling price - Manufacturing cost
= 55,000 - 49,026
= $5,973.55
Margin percentage = Profit margin ÷ Manufacturing cost of the car
= $5,973.55 ÷ $49,026.45
= 12.18%
The House of Representatives is the only house in Congress that can create bills for raising revenue. This is found in Article 1 Section 7 of the Constitution.
