Solution :
We know that the exchange takes place when the FMV receive is equal to the FMV given up.
Where the FMV = fair market value
The commercial substance means the future cash flows exchange.
The non monetary exchange refers to the cash which is less than 25% of the fair value exchange.
The journal entries for the Santana Corp. when the exchange lack the commercial substance are reported as :
Transaction Debit ($) Credit ($)
Asset(new) 11,000
Accumulated depreciation(old) 9,000
Asset (old) 28,000
Cash 2000
The journal entries for Delaware Corp. when the exchange lacks the commercial substance.
Transaction Debit ($) Credit ($)
Asset(new) 16,000
Accumulated depreciation (old) 10,000
Loss 2500
Assets (old) 28,000
Answer:
false
Explanation:
Sunk cost is cost that has already been incurred and cannot be recovered. it should not be considered when making future decisions
Net working capital is the difference between the Total Current Assets and Total Current Liabilities.
The December 31, 2015, balance sheet of Maria's tennis shop, inc., showed current assets of $1,145 and current liabilities of $935.
Hence, Net working capital as on December 31, 2015 shall be (1145-935) = $210
The December 31, 2016, balance sheet showed current assets of $1,360 and current liabilities of $1,035.
Hence, Net working capital as on December 31, 2016 shall be (1360-1035) = $325
So the change in the net working capital in the year 2016 shall be (325-210)= <u>$115</u>
Because many consumers choose stores based on proximity to their workplaces or homes, great locations are : <u>a competitive advantage that few rivals can duplicate.</u>
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A consumer is someone who buys things for a non-commercial purpose, either for themselves or for others. Companies use consumer marketing campaigns to sell to consumers. Campaign messaging focuses on both acquiring potential customers and retaining current customers.
Consumers can be either an individual or group of people who purchase or use goods and services solely for personal use, and not for manufacturing or resale. They are the end-users in the sales distribution chain.
There are four types of consumers: omnivores, carnivores, herbivores and decomposers. Herbivores are living things that only eat plants to get the food and energy they need.
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D. a secured loan requires collateral and an unsecured loan does not
