All categories

3 years ago

Which of the following would result if a business purchased equipment with a 40% down payment in cash

1 answer:

8 0

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

Below are the choices that can be found elsewhere:

A. Equipment would increase, and Cash would decrease.
B. Accounts Payable would increase.
C. Since the equipment hasn’t been paid in full, there’s nothing torecord.
<span>D. Both A and B

The answer is D. </span>

You might be interested in

Wiser Pharmaceutical has received a utility patent from the US Patent and Trademark Office. It sold this patent to another pharm

Solnce55 [7]

Answer: C. Intangible assets

Intangible Assets refer to those assets that have no physical form and hence cannot be touched. They may be identified or unidentified.

Those intangible assets that can be separated from a company’s assets and can be sold are known as identifiable intangible assets. These include intellectual property rights, patents, copyrights, trademarks etc.

Those intangible assets that can’t be physically separated from the company are known as unidentifiable intangible assets. e.g. goodwill.

6 0

3 years ago

Marie and Ramesh form Roundtree Corporation with the transfer of the following. Marie performs personal services for the corpora

prisoha [69]

Marie and Ramesh's current income, gain, or loss and the basis that each takes in the Roundtree stock are: $175,200. $175,200, $0, $475,640.

<h3> Current income, gain, or loss and the basis</h3>

Marie has a basis equal to fair market value of $175,200.

Ramesh has no recognized gain on the receipt of stock reason being that all of the consideration that Ramesh transfers to Roundtree stock qualifies as property. Hence, Ramesh gain is $0.

Ramesh basis:

Ramesh basis=$25,000 + $50,000 + $400,640

Ramesh basis=$475,640

Hence:

Marie has income of $175,200 and $175,200 basis in her 400 shares

of stock and Ramesh has income of $0 and $475,640 basis in her 1600 shares of stock.

Inconclusion Marie and Ramesh's current income, gain, or loss and the basis that each takes in the Roundtree stock are: $175,200. $175,200, $0, $475,640.

Learn more about current income, gain, or loss and the basis here:brainly.com/question/8084221

3 0

2 years ago

Read 2 more answers

value:a. A savings product requires you to invest the following amounts. 250 today, 450 in one year, 650 in two years, 850 in th

8090 [49]

Answer:

$3,520.65

Explanation:

The calculation of the future value is given below:

As we know that

Future value = Present value × (1 + interest rate)^number of years

= $250 × (1 + 0.0275)^5 + $450 × (1 + 0.0275)^4 + $650 × (1 + 0.0275)^3 + $850 × (1 + 0.0275)^2 + $1,100 × (1 + 0.0275)^1

= $286.32 + $501.58 + $705.11 + $897.39 + $1,130.25

= $3,520.65

We simply applied the above formula to find out the future value

3 0

3 years ago

Full-Sole Shoes concludes a counterpurchase agreement with Japan for which it receives some counterpurchase credits. Full-Sole S

aivan3 [116]

Correct switch trading..

5 0

4 years ago

suggest one strategy businesses can use to deal with each of the following socio economic issues : illiteracy , dumping and inef

sergiy2304 [10]

Answer:

Workshop and seminars

Reward for innovation

Explanation:

To deal with the issue of illiteracy in the society, all that needs to be done is to educate the masses and ensure the need to know and learn is both important and enticing. Hence, business could come in with educational setups which could be free or highly discounted and at the same time rewarding. This way knowlwege could be acquired and afforded by the low earners and at the same time reap huge rewards for their efforts.

Dumping and inefficient use of resources can define rely be curtailed by recycling, the reuse of waste and used products. Recycling process usually takes careful study to ascertain that various waste materials could actually form important raw materials in the manufacture of other new products. These innovations should be prioritized and rewarded.

6 0

3 years ago