Answer:
Realized gain = $238,640
Recognized gain = $212,120
Explanation:
The computation of realized gain and recognized gain is shown below:-
Realized gain = Cash received - Adjusted basis of partnership
= $300,520 - $61,880
= $238,640
So, for computing the realized gain we simply deduct the adjusted basis of partnership from cash received.
Recognized gain = Cash received - Adjusted basis of Heather
= $300,520 - $88,400
= $212,120
and for computing the recognized gain we simply deduct the adjusted basis of Heather from cash received.
Answer:
FALSE
Explanation:
A person is considered unemployed if he / she does not have a job and has searched for a job within the last 4 weeks
Unemployment rate = (number of unemployed / labour force) x 100
To collect data on unemployment, The Bureau of Labor Statistics conducts a survey every month known as the Current Population Survey (CPS).
types of unemployment
structural unemployment is an unemployment that occurs as a result of changes in the economy. These changes can be as a result of changes in technology, polices or competition. Structural unemployment tends to be permanent.
The geologist lost his hob permanently due to increase in wages (polices)
Frictional unemployment: the period of time a person is unemployed from the period he leaves his current job and the time he gets another job. Eg. when a real estate agent who leaves a job in Texas and searches for a similar, higher-paying job in California.
Voluntary unemployment: e.g. worker at a fast-food restaurant who quits work and attends college.
Cyclical unemployment: it occurs as a result of fluctuations in the economy. Unemployment would be high in a downturn and low in a boom
Answer:
I think D. If I'm wrong I'm sorry
Answer:
matching principle
Explanation:
In this scenario, the principle related to this practice is known as the matching principle. In accrual accounting, this states that revenues should be recorded during the period in which they are earned, regardless of when the transfer of cash occurs. Meaning that if a company earns $5,000 in product sales in August but receives a $1000 commission for those products in September, the commission needs to be reported on the August statement alongside the sales.
Answer:
Statement is true
Explanation:
MIS or management information system is a software that gathers, processes or analysis and makes reports that aids managers in decision-making.
It helps in eliminating tedious task of doing all the above activities manually.
TPS or transaction processing system works more or less the same as MIS as it processes data and provides analyzed data as reports for managers to make crucial decisions.
So, both systems can be used used interchangeably.