1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
erastovalidia [21]
3 years ago
14

Jen is investing in a partnership with Lisa. Jen contributes equipment that originally cost $65,000, has accumulated depreciatio

n of $20,000, thus giving it a book value of $45,000, and has a fair value of $52,000. The entry to record Jen’s initial contribution to the partnership includes a
Business
1 answer:
Gelneren [198K]3 years ago
3 0

Answer:

Debit to equipment for $52000

Explanation:

Based on the information given we were told that Jen had a fair value of the amount of $52,000. This means that the Journal entry to record the initial contribution to the partnership will tend to include a DEBIT TO EQUIPMENT FOR THE AMOUNT OF $52,000 which is the fair value amount.

Debit to equipment for $52,000

You might be interested in
When firms purchase new capital we call this _____
tatuchka [14]

Answer:

Business fixed investment

Explanation:

The <u><em>purchase by firms of new capital goods</em></u> such as machinery, factories, and office buildings. (Remember that for the purposes of calculating GDP, long-lived capital goods are treated as final goods rather than as intermediate goods.) Firms buy capital goods to increase their capacity to produce.

6 0
3 years ago
Read 2 more answers
ChocolateCookie Inc is a private firm. You collected information about its competitors and calculated the weighted average of th
kvv77 [185]

Answer:

1.25

Explanation:

The Capital Asset Pricing model will be used

ße = ßa × [Ve + Vd(1 – T)] / Ve

Here

ße = 1.08

Ve = Value of equity $50 million

Vd = Value of debt $10 million

T is tax rate which is 21%.

By putting the values, we have:

ße = 1.08 × [50 + 10(1 – 21%)] / 50

ße = 1.25

The beta equity of Chocolate Cookie is 1.25 which shows higher risk than average risk.

8 0
3 years ago
David���s salary totals $79,000 per year. he can expect to pay federal income tax at a rate of 23.60%. how much money will david
Slav-nsk [51]
C. $18,644 is the correst answer. Hope this helped

8 0
4 years ago
Read 2 more answers
According to the FASB's conceptual framework, the quality of information that helps users increase the likelihood of correctly f
Kisachek [45]

Answer:

C. Predictive value.

Explanation:

Relevant information is able to make a difference in user decisions. To do so, it must have predictive value, confirmatory value, or both. Financial information has predictive value if it can be used as an input in a predictive process.

4 0
3 years ago
Where does jacob sartorius live now like his adress not state
sesenic [268]
LA califora 5421 beach street 2357 LA city
3 0
3 years ago
Read 2 more answers
Other questions:
  • Which of these expressions should an american businessperson avoid in a meeting with foreign business representatives?
    11·1 answer
  • Modern Railways Co. operates a cargo railroad service between New York and Boston. A train owned by Modern Railways derails due
    9·1 answer
  • Suppose a mutual fund yielded a return of 14% last year. The risk-free rate was 5% last year and the stock market return was 10%
    6·1 answer
  • Patten, in the article "Malawi Versus the World Bank," notes that the goal of the World Bank and IMF is to loan poor countries m
    5·1 answer
  • A shift which is designed to cause team b to encroach is a false start.
    5·2 answers
  • Beerbo purchased a machine on July 1, 2021 for $28,000. Beerbo also paid $200 in title fees; $125 in taxes; $500 in delivery cha
    13·1 answer
  • A business that invests in a federal "CD" (certificate of deposit, where they basically loan the government
    8·2 answers
  • Answer and I give u brainliest and extra pts
    6·1 answer
  • A master franchisee, in addition to having the right to open and operate a specific number of locations in a particular area, al
    8·1 answer
  • An effect of changing legislation on human resources professionals is that: Multiple select question. they must update company H
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!