Answer:
See the explanation below
Explanation:
In Sheffield Company books:
<u>Details Dr ($) Cr ($)</u>
Merchandise Inventory 850
Accounts Payable 850
<em><u>To record purchase of merchandise inventory on account. </u></em>
In the book of Cheyenne Corp.
<u>Details Dr ($) Cr ($) </u>
Accounts Receivable 850
Sales 850
<em><u>To record the sale of merchandise inventory on account </u></em><em>. </em><u><em> </em></u>
Cost of Goods Sold 500
Merchandise Inventory 500
<em><u>To record the cost of merchandise inventory sold on account </u></em><em>. </em>
Answer:
Ramon’s basis in the stock he receives in his corporation is $84,000
Explanation:
The computation of Ramon’s basis in the stock received in his corporation would be $84,000 as this amount reflect the adjusted basis of the assets transferred to the corporation.
These assets include inventory, building, and land. So, the total amount of the total assets would be received i.e based on an adjusted basis, not the fair market value
Answer:
<em>1</em><em>. </em><em>Economies of scale.</em>
<em>2</em><em>. </em><em>Capital requirements</em><em>.</em>
<em>3</em><em>. </em><em>Product differentiation. </em>
Answer:
Explanation:
One approach to organization is putting activities that are similar under one person. Fayol called this ""unity of direction.""
. Fayol was the first person who outlined the functions of management. He has fourteen principles of management; Unity of directions is one of the principle which narrates that One boss, one plan for a group, of activities having the same objective. As unity of direction principle, it leads all the members of the organization towards a common goal to achieve its objective.
