Answer:
Fair Value adjustment $5,000 Dr.
Unrealized holding gain-net income $5,000 Cr.
Explanation:
Common stock purchase price = $500,000
North company outstanding stock = $10,000,000
5% stock of outstanding stock purchased :
(5/100) * $10,000,000
0.05 * 10,000,000
= $500,000
Fair value of investment = $505,000
Adjustment in fair value = $505,000 - $500,000 = $5000 ( Debit)
Unrealized holding gain-net income = $505,000 - $500,000 ( Credit)
Answer: The cost recovery deduction for 2019 for these assets is $43000.
Explanation:
New business asset (five year property) purchased March 10, 2019 = $30000
New business asset (seven year property) purchased on November 20, 2019 = $13000
Additional depreciation of the first year is referred as the bonus depreciation.
Also, bonus depreciation in the year 2019 is at 100% of the value of assets bought during this year.
∴ Total assets value = New business asset (five year property) + New business asset (seven year property)
= $30000 + $13000
= $43000
Hence, the cost recovery deduction for 2019 for these assets is $43000.
Answer:
See explanation below for answer.
Explanation:
In the case of the United States debt to China, the bank in this case is China because, following the analogy in the question, the person entity that lends money to another is the "bank".
As of December 2019, the United States debt to China stood at $1.07 trillion.
This therefore goes to further buttress the point of China being the bank in the case of them lending money to the United States of America.
Answer: C) the growing number of IKEA furniture stores in the United States
Explanation:
IKEA is a very popular furniture chain in the United States that keeps rising in popularity as well as adding new locations. However, it is not an American company but rather a Swedish company with it's headquarters in The Netherlands. This shows that as American companies such McDonald's, Disney and Starbucks are spreading around the world, so also are foreign companies spreading in the USA.
The defender of Globalization can point to this and show that the Americans are not only spreading around the world, but have foreign companies spreading amongst them as well making it a 2 way street.
Firms use marketing to eliminate things that keep new firms from entering an industry(D).
Explanation:
Marketing plays an important role in understanding the business.
- Firstly it determines the necessity of the market.
- Develops the market using new technique or expand the same market.
- Tries to understand the needs of the customer and works on the products based on their interest.
- Market should be dynamic that is the market should follow the trend and adopt various strategies to work properly.
Hence, theses are the roles of marketing. A proper marketing can increase sale as well as the good will of the firm.
