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Bond [772]
4 years ago
12

A and B formed a partnership, each contributing non-cash assets into the partnership. Partner A contributed inventory with a cur

rent market value in excess of its carrying amount. Partner B contributed fixed asset with a carrying amount in excess of its current market value. At what amount should the partnership record each of the assets contributed?
Business
1 answer:
Veseljchak [2.6K]4 years ago
8 0

Answer:

A and B both are responsible for this result

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Penelope is a manager with quick pizza. she is very good at understanding the feelings of her subordinates and takes time out fo
melisa1 [442]
<span>Penelope is a manager with quick pizza. She is very good at understanding the feelings of her subordinates and takes time out for all of them. She listens to their problems, sympathizes with them, and tries her best to give them solutions regarding the same. From this information, it can be said that penelope is high on agreeableness.

Agreeableness is a personality trait in the Big Five Personality Traits. Someone who is high on agreeableness has a warm and friendly personality. These people get along with others well. </span>
5 0
3 years ago
Henrietta Marston plans to retire in the year 2050. She is considering a fund that will be more aggressive now and become more c
nadya68 [22]

Atnswer:

b. lifecycle fund

Explanation:

as from now to 2050 are still remaining 31 years, the money invested is able to go under different risk profiles, looking for getting the maximun return, the lifecycle fund is an excellent choice, it is because this kind of strategies changes according the risk of its costumer changes. it is expected to have during the first years a high exposition to risk such as equity or derivatives, and the more age of the costumer the lower risk profile, so the closer to 2050 the more expected investment into low risk assets, such as fixed income (this is made for having the less losses possible)

7 0
3 years ago
Which of the following is NOT one of the RESULTS of mass production? A) lower prices B)Product standardization C) increased trad
weeeeeb [17]
D) Expanded craftsmanship because when mass production happens craftsmanship decreases not increases.  <span />
8 0
4 years ago
On December 31, Strike Company sold one of its batting cages for $20,084. The equipment had an initial cost of $223,162 and had
Anna35 [415]

Answer:

Loss on disposal = $2232

Explanation:

To calculate the amount of gain or loss on sale, we must first calculate the net book value or NBV of the asset. The net book value is the difference between the cost of the asset and the accumulated depreciation. The formula for NBV is as follows,

NBV = Cost - Accumulated depreciation

NBV = 223162 - 200846

NBV = 22316

If the sales proceeds are more than the NBV of the asset, the asset is sold on gain and vice versa.

Loss on disposal = 20084 - 22316 = - $2232 or$2232 loss

8 0
3 years ago
Bayside Technical Services signed a contract on a sixminusmonth job for a​ client, starting on March 1. Bayside will collect $ 2
Svetradugi [14.3K]

Answer:

The answer is: B) Debit balance of $10,000

Explanation:

Accounts Receivable account is an asset, and when assets increase, they have to be debited.

Before any adjustment was made, Accounts Receivable had a $6,000 balance. The new contract is worth $24,000 hat shall be divided into 6 months, which means $4,000 per month.

So at the end of the month the $4,000 form the new contract must be added to Accounts Receivable. This has to be done be a debit record of 6,000, so the adjusted balance of the account is 10,000.

5 0
3 years ago
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