Answer:
Realized gain $110,000
Recognized gain $110,000
Explanation:
The computation of the Tonya's realized and recognized gain is shown below:
Amount realized by Tonya (fair market value) $560,000
Less; Amount given by Tonya
Yacht: adjusted basis ($250000)
Assumption of Nancy's mortgage ($200000)
Realized gain $110,000
Recognized gain $110,000
Answer:
The two main criteria for consideration of bachelor's degree program,
Pre requisite subjects. This is a must to have requirement. ...
Merit based. This is also a must to pass requirement.
Explanation:
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Answer:
The Lease amortization schedule is attached in pdf format with this answer please find.
Explanation:
Lease payments, includes the payment of interest and principal as well. The interest is calculated for the period opening balance of lease and the residual amount of lease payment and interest is settled against the lease amount.
Answer:
Unearned Fees ($3,600 × 6 months ÷ 12 months) $1,800
To Advertising revenue $1,800
(Being the adjusting entry is recorded)
Explanation:
The adjusting entry is shown below;
Unearned Fees ($3,600 × 6 months ÷ 12 months) $1,800
To Advertising revenue $1,800
(Being the adjusting entry is recorded)
Here we debited the unearned fees as it decreased the liability and credited the advertising revenue as it increased the revenue account
The six months could be computed from June 1 to December 31
