Answer:
True
Explanation:
Like-kind property is real property held for investment or use in a trade or business exchanged for real property held for investment or use in a trade or business.
However, Taxpayers must defer gain or loss realized on the exchange of like-kind property.
Investment banks help companies to purchase, sell and make investments using bonds while commercial banks are concerned on managing deposits on both savings and checking account.
Investment banks aid companies on bringing their investments on public offers; commercial banks are focused on providing security for the clienteles money.
Investment banks have some degree of freedom in choosing their own strategies while commercial banks have more risks because they are open to public transactions.
A company has quick assets of $ 300,000 and current liabilities of $ 150,000. The company purchased $ 50,000 in inventory on credit. After the purchase, the quick ratio would be d. 1.75.
Inventory refers to all of the gadgets, items, products, and materials held with the aid of a commercial enterprise for selling within the marketplace to earn a profit. instance: If a newspaper supplier makes use of an automobile to supply newspapers to the customers, handiest the newspaper may be taken into consideration in inventory. The vehicle can be dealt with as an asset.
Inventory is an asset due to the fact a company invests money in it that it then converts into sales while it sells the inventory. stock that doesn't promote as quickly as anticipated may become a liability.
The principle feature of stock is to offer operations with ongoing delivery of materials. To gain this feature correctly, your enterprise has to attempt to discover a sweet spot between an excessive amount and too little, without ever going for walks out of inventory.
quick assets = 300000
quick liablities= 150000
inventory on credit
quick assets = 350000
quick liablities= 200000
quick ratio = 350000/200000
= 1.75
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True: fob shipping point requires that the supplier legally retain ownership of the product being shipped until it reaches the destination.
The terms FOB shipping point and FOB destination designate the points at which the buyer acquires ownership of the goods from the seller. To clarify who is responsible for products lost or damaged during delivery, the distinction is crucial. The timing of the transfer of the items' title is the main distinction between the two contracts. Thus, the given statement is true.
FOB shipping point, also known as FOB origin, denotes that when the goods are loaded onto a delivery vehicle, ownership and responsibility of the goods pass from the seller to the buyer. Title to the goods is transferred from the seller to the buyer FOB destination. When the products are brought to the buyer's designated location.
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