Answer:
Explanation:
The journal entry is shown below:
Machine A/c Dr $4,500
To Cash A/c $4,500
(Being machinery is purchased for cash)
The total amount of machinery purchased cost is shown below:
= Purchase cost of machine + training cost
= $4,000 + $500
= $4,500
Since the machine is purchased for cash so we debited the machine account and credited the cash account as cash
Interfirm means tailoring products to meet the needs of a large number of individual customers.
Interfirm means that numerous companies will work together via the internet and via the use of other state-of-the-art era to provide services and products that customers want and want. The interfirm process recognizes that cutting-edge a success companies must operate in dynamic environments.
Inter-company networks are “a pick out, continual, and dependent set of self-reliant corporations (in addition to nonprofit corporations) engaged in growing products or services primarily based on implicit and open-ended contracts to adapt to environmental contingencies and to coordinate and shield exchanges.
Inter-firm relationships may be tested from a character or structures perspective. A man or woman attitude makes a specialty of the one-to-one courting between two firms. This is probably beneficial while reading the relationships of a pivotal company, along with a rustic's leading exporter or sole processing plant.
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Answer:
Since Timothy is married (and probably files as married filing jointly) can use $290,000 (half of the total loss) to offset nonbusiness income.
On the other hand, since Prada is single, she has an excess business loss of $40,000 ($290,000 - $250,000). She can only use $250,000 (part of her share of the loss) to offset nonbusiness income. The remaining $40,000 must be carried forward and may be used in the future.
