It pretty much means it divides the task
Answer: $30,000
Explanation:
In accounting, the treatment of the Sale and Operating Leaseback operation is such that a gain is only recognized if the sales price is more than the fair value. In such a case the difference between the fair value and the carrying price is considered the Gain on Sale.
The Difference between the sales price and the fair value is to be amortized over the period of use.
Seeing as the selling price is more than the fair value, the Gain on Sale is therefore,
= Fair Value - Carrying Value
= 310,000 - 280,000
= $30,000
$30,000 is the amount of gain on sale of the property recognized by Alla on January 1, Year 1.
The number of t-shirts that one can assume are sold at a price of $7 will be 220
<h3>What is price?</h3>
It should be noted that price is the sum of money that one party pays or receives in exchange for another's goods or services. The cost of production may go by another name in some circumstances. If a product is classified as a "good" in a business transaction, its price is most likely to be referred to as such.
In this case, it should be noted that the higher the price of a particular good, there'll be a reduction in the quantity that will be demanded.
Therefore, the most likely value will be $220. In conclusion, the correct option is A.
Learn more about price on:
brainly.com/question/1153322
#SPJ1
A study finds that at a price of $10, 100 t-shirts are sold. At a price of $5, 300 t-shirts are sold. How many t-shirts can you assume are sold at $7?
A. 220
B. 200
C. 180
D. 160
