Answer:
A. Asset exchange transaction
B. Asset exchange transaction
C. Investing activity
D. Investing activity.
Explanation:
In the question, the Riley company paid cash to Smally company, and the Smally company paid the amount for the land.
So,
A. For Riley company, it is an asset exchange transaction as the asset exchanges between Riley and Smally company.
B. For Smally company it is an asset exchange transaction as the asset are the exchange between Riley and Smally company.
C. Investing activity. As the Riley company deals in the purchase and the sale of the fixed assets.
D. Investing activity. As the company deals in the purchase and the sale of the fixed assets.
Answer:
C. include a credit to the equipment accumulated depreciation account.
Explanation:
Since Lamar Printing Company determines that a printing press used in its operations has suffered a permanent impairment in value because of technological changes. An entry to record the impairment should include a credit to the equipment accumulated depreciation account.
In Accounting, Depreciation can be defined as the decrease in the value of an asset (factory equipment, logistics tools etc) as a result of wear or tear, within a specific period of time. Depreciation is used for the allocation of cost to tangible assets with respect to its life expentency or within its useful life.
Answer:
Mary should answer that more than half of the boxes not be rejected.
Explanation:
Probability:
Box has one defective screen = 0.6
Box has three defective screen = 0.4
no. of screens in a box = 8
The box is rejected if both of the inspected screens are defective.
Probability of rejecting a box:
= 0.04286
Only 4.286% of the boxes will be rejected.
Therefore, Mary should answer that more than half of the boxes not be rejected.
Answer:
real GDP.
Explanation:
GDP is defined as the monetary value of all goods and services produced in an economy within a give time period. It is a measure of how productive an economy is.
Real GDP considers market prices of commodities in relation to a base year.
For example if 2012 is considered to be the base year for real GDP this year, all goods and services are multiplied by the prices as at 2012 to get the monetary value of goods and services for the present year.
Base year prices are referred to as constant prices when calculating real GDP.
Answer:
Priscilla's homemade dividend per share be in 2017 will be $3.585
Explanation:
In order to calculate what will be Priscilla's homemade dividend per share be in 2017 we would have to use the following formula:
homemade dividend=(Dividend in 2016×(1+Required rate))+Dividend in 2017
homemade dividend=($1×(1+8.5%))+$2.50
homemade dividend=$1.085+$2.50=$3.585
Priscilla's homemade dividend per share be in 2017 will be $3.585
