Which of the following is a way for college students to watch their favorite tv shows without spending a lot of money

Sarah is a 50 percent partner in the SF Partnership and has an outside basis of $56,000 at the end of the year prior to any dist

Vikentia [17]

Answer:

A. $0 gain, $36,000 basis

Explanation:

In the distribution, from the information given, Sarah does not recognize any gain or loss.

However, given that

She had $56000 basis at end of year prior to distribution.

Then receives $20000 from distribution after reallocating her basis in SF to cash in amount equal to distribution

Therefore,

Her basis left = 56000 - 20000

= $36000

3 0

3 years ago

Read 2 more answers

Extremely autonomous children A. usually have strict discipline at home. B. suffer from self-doubt. C. can't be creative. D. may

Sidana [21]

A. usually have strict discipline at home

4 0

2 years ago

Read 2 more answers

You sign a contract to purchase a machine that will allow you to travel back in time and meet abraham lincoln. assuming that tim

ddd [48]

The correct option is C). Void contract. It is void type of contract if you sign a contract to purchase a machine that will allow you to travel back in time and meet Abraham Lincoln.

<h3>What is void contract?</h3>

Void contract is a formal contract between two parties, which is not authorized by the law and enforceable from the moment it was created.

A void contract is little differ from the valid contract. Void contract is not an actual contract, despite it is unenforceable.

Both void and voidable contract are null, but a void contract cannot be officially valid.

Learn more about the void contract here:-

brainly.com/question/15274330

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6 0

1 year ago

On January 1, a company issued and sold a $399,000, 9%, 10-year bond payable, and received proceeds of $394,000. Interest is pay

Lera25 [3.4K]

Answer:

Cash Interest payable on Bond = $399,000*4.5% = $17,955

Discount to be amortized = ($399,000-$394,000)/20 = $250

Interest expense = $17,955+$250 = $18,205

Date Journal Entry Debit Credit

Interest Expense $18,205

Discount on bonds payable $250

Cash $17,955

8 0

3 years ago

Transactions Units Amount

mario62 [17]

Answer:

a) Cost of Goods Sold under each method of inventory:

1) Average Cost:

Beginning Inventory 600 units $1,800

Purchases: January 12, 580 units 2,900

Purchases: January 26, 180 units 1,260

Cost of goods available for sale, 1,360 units $5,960

Less ending Inventory, 440 units $1,927.20

Cost of goods sold, 920 units $4,032.80

a2) FIFO:

Beginning Inventory 600 units $1,800

Purchases: January 12, 580 units 2,900

Purchases: January 26, 180 units 1,260

Cost of goods available for sale, 1,360 units $5,960

Less ending Inventory, 440 units $2,560

Cost of goods sold, 920 units $3,400

a3) LIFO

Beginning Inventory 600 units $1,800

Purchases: January 12, 580 units 2,900

Purchases: January 26, 180 units 1,260

Cost of goods available for sale, 1,360 units $5,960

Less ending Inventory, 440 units $1,320

Cost of goods sold, 920 units $4,640

a4) Specific Identification:

Beginning Inventory 600 units $1,800

Purchases: January 12, 580 units 2,900

Purchases: January 26, 180 units 1,260

Cost of goods available for sale, 1,360 units $5,960

Less ending Inventory, 440 units $2,280

Cost of goods sold, 920 units $3,680

B. Partial Income Statement under:

Average cost FIFO LIFO Specific Identification

Beginning Inventory $1,800 $1,800 $1,800 $1,800

Purchases 4,160 4,160 4,160 4,160

Cost of goods for sale $5,960 $5,960 $5,960 $5,960

Less ending Inventory 1,927.20 2,560 1,320 2,280

Cost of goods sold $4,032.80 $3,400 $4,640 $3,680

Explanation:

a) The average cost per unit under Average Method =

Average cost per unit =$4.38 (5,960/1,360)

Ending Inventory, 440 x $4.38 = $1,927.20

b) Ending Inventory under FIFO: 440 units

Cost of 180 units = $1,260

Cost of 260 units = 1,300 (260 x $5)

Total cost = $2,560

c) Ending Inventory under LIFO: 440 units

Cost of 440 units from beginning inventory = 440 x $3 = $1,320

d) Ending Inventory under Specific Identification: 440 units

Remaining opening inventory 140 units at $3 = $420

Remaining Jan 12, 120 units at $5 = $600

Remaining Jan 26, 180 units at $7 = $1,260

Total cost of ending inventory = $2,280

e) These are various inventory costing methods which present different results in their cost of goods sold and the ending inventory.

6 0

3 years ago