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3 years ago

When your budget is $100, does that mean you actually have $100 to spend?

Business

2 answers:

Gelneren [198K]3 years ago

8 0

yes

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defon3 years ago

3 0

Well kinda u have a budget of 100 so basically you can only spend up to that amount. So yes you have that amount to spend if you decide to do so.

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Kordel Inc. acquired 75% of the outstanding common stock of Raxston Corp. Raxston currently owes Kordel $500,000 for inventory a

Nady [450]

Answer:

what amount of Raxston’s liability should be eliminated? d.$500,000

Explanation:

At different levels of the consolidation, certain intercompany payables and receivables balances must be eliminated. Eliminations are only required in the context of a consolidation where the trading parties are both included in a given consolidation.

8 0

3 years ago

Borrowing money to pay for expensive items like student loans and home mortgages with the intent to pay it back in fixed monthly

Leno4ka [110]

Answer:

Installment Credit

Explanation:

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3 years ago

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rewona [7]

We are forced to make choices in our day to day life because our resources are limited.

An example of this limited resources is our financial resources, we need to work to earn money to buy our necessities to live a comfortable life. Simply put, no work no pay. No pay, no food. No food, no life. So, no choice but work.

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2 years ago

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Cross Company reported the following results for the year ended December 31, 2018, its first year of operations: 2018 Income (pe

Jlenok [28]

Answer:

$420,000 deferred tax asset

Explanation:

Deferred-tax assets are asset that occurred when company's or organization record income tax is less than the one which is been paid to the tax authority.

Taxable income 3,200,000

Less;Income (per books before income taxes) $2,000,000

Total $1,200,000

Therefore

$1,200,000×35%

=$420,000 deferred tax asset.

Cross record should record $420,000 as a net deferred tax asset or liability for the year ended December 31, 2018

4 0

3 years ago

Marcella has a $65,000 basis in her 50% partnership interest in the JM Partnership before receiving any distributions. This year

PSYCHO15rus [73]

Answer:

C) $40,000 inventory basis, $15,000 JM basis.

Explanation:

JM distributed $80,000 worth of inventory, since Marcella has a 50% partnership interest, then half of the inventory belongs to her, $40,000 (= $80,000 / 2).

Since Marcella also received $10,000 in cash from JM, then her remaining basis in the partnership is:

$65,000 - $40,000 - $10,000 = $15,000

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2 years ago