Answer:
The statement is: False.
Explanation:
Farm cooperatives in the United States represent an increasing industry. It is a fact that the number of farm cooperatives has declined but their size has expanded. The main activities have taken place in states such as Washington, Minnesota, and North Dakota because they are surrounded by countries easier for cooperatives to introduce their crops.
Answer:
Total Current Assets $ 100,800
Explanation:
The current asset are those assets which are cash cash or the firm expect to convert in cash within a 12 month period (one-year)
Assets with a useful life or collection date longer than a year will be considered non-current thus, non included in current asset
Cash $ 38,600
Short-term investments $ 4,600
Accounts receivable $ 51,000
Supplies <u> $ 6,600 </u>
Total Current Assets $ 100,800
Answer: Option B
Explanation: In simple words, geographic departmentalization refers to the process under which an organisation separates its market operations on the basis of the geography such as country, state or district etc.
In the given case, company has separated its operations on the basis of different preferences of different countries.
Hence from the above we can conclude that the correct option is B .
Answer:
Winkin, with 25 shares of Boat Corporation, qualifies for Section 351 deferral of any gain or loss.
Explanation:
IRC Section 351 has this major requirement; it only applies to the exchange of property for voting stock in the corporation. If any shareholder involved in the transaction receives equity for something other than voting stock, e.g. services; the transaction may not qualify for tax deferral.
Answer:
Discount amount = $97 and may 16
so correct option is c.$97, May 16
Explanation:
given data
sells merchandise on credit = $9,700
to find out
amount of the discount and up to what date must the invoice be paid in order for the buyer to take advantage of the discount
solution
we know here Invoice amount that is $9700
so here discount rate till 15 days is 1 %
so Discount amount will be
Discount amount = 1% of $9700
Discount amount = $97
so from 1 may up to 15 days i.e. may 16
so correct option is c.$97, May 16
