On the above scenario, the <span>management of the company has engaged in </span>taking the firm private. This move of a stockholder/s is taking the stocks of the company for themselves. This is also called as "going private" meaning the shareholder are not going to deal their stocks in the stock market or an open market.
Answer:
inspirational paragraph definitely send it
Explanation:
Answer:
a.$0
Explanation:
Adjusted basis is the cost of a property and other related costs incurred in acquiring, maintaining, or upgrading the property.
Fair value represent the worth of a property. It is the amount that one should expect to fetch from the market if they were to sell the property.
The fair value or the worth for Mateo's rental house is $200,000. He obtains another rental house with a fair value of $180,000 and cash $20,000.
He exchanged property worth $200,000 for $200,000
If a company pays one year of rent in advance on january 1. on january 31, the company will record an adjusting entry that will: Decrease assets and increase expenses.
<h3>Adjusting journal entry </h3>
Assuming company pays one year of rent in advance on january 1 which means that on january 31, the company will record an adjusting entry that will Decrease assets and increase expenses.
The adjusting journal entry for a prepaid expense will tend to decreases assets (Prepaid Rent) and as well increases expenses (Rent Expense).
Therefore on january 31, the company will record an adjusting entry that will: Decrease assets and increase expenses.
Learn more about adjusting entry here:brainly.com/question/13035559
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