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
almond37 [142]
3 years ago
10

Gold Co. purchased equipment from Marshall Co. on July 1. Gold paid Marshall $10,000 cash and signed a $100,000 noninterest-bear

ing note payable, due in three years. Gold recorded a $24,868 discount on notes payable related to this transaction. What is the acquired cost of the equipment on July 1?
Business
1 answer:
Monica [59]3 years ago
3 0

Answer:

The acquired cost of the equipment on July 1 is $85,132

Explanation:

The computation of the acquired cost is shown below:

= Cash + Net note payable amount

= $10,000 + $75,132

= $85,132

where,

Notes payable amount equals to

= Non-interest-bearing note payable - discounts on notes payable

= $100,000 - $24,868

= $75,132

For computing the accurate answer we have to deduct the discount from the note payable amount and then added to thee cash amount

You might be interested in
A clear understanding of ethical expectations is essential to an industry like lobbying, where illicit behavior can sometimes oc
Pachacha [2.7K]

It is true that a clear understanding of ethical expectations is essential for a sector such as lobbying, where there can be illicit behavior in favor of individual benefits.

<h3 /><h3>Lobbying</h3>

It corresponds to the influence of a group in the decisions of public power to favor its objectives.

To avoid unethical lobbying, there needs to be greater dissemination of information about this practice and greater control over the acceptance of contributions from interests, preventing the power of lobbyists over legislators.

The correct answer is:

  • True

Find out more information about lobbying here:

brainly.com/question/25117359

8 0
3 years ago
Tristan Narvaja, S.A. (C). Tristan Narvaja, S.A., is the Uruguayan subsidiary of a U.S. manufacturing company. Its balance sheet
shtirl [24]

Answer:

Kindly check attached picture

Explanation:

Kindly check attached picture for detailed explanation

4 0
3 years ago
Kelly has decided to start his own business giving sailing lessons. To purchase equipment for the business, Kelly withdrew $1,00
oksian1 [2.3K]

Answer:

$170

Explanation:

Kelly's opportunity cost = ($1,000 x 3%) + ($2,000 x 7%) = $30 + $140 = $170

The opportunity cost is the cost of not choosing an alternative action.

Implicit costs are costs that occur but are not reported as separate costs.

Explicit costs are normal accounting costs.

3 0
4 years ago
During the credit crisis of 2008, investors around the world were fearful about the collapse of real estate markets, shaky stock
Aleksandr-060686 [28]

The statement in this question is true.

Answer: Option A.

<u>Explanation:</u>

With the collapse in the real estate markets, in the collapse of the stock markets or the illiquidity of the securities in the United States of America, the demand for the treasury bonds of the country increased because people wanted to have some kind of investment and security in their hands.

But with the increase in the demand of these bonds of the country, there led to an increase in the price of the bond because the demand was more and the supply was less of these bonds. As a result of this the yield to be recovered from these bonds reduced.

7 0
4 years ago
How does throwaway culture impact the environment
Gala2k [10]

Answer: It has impacted the environment in a negative way.

Explanation: This type of culture has negatively impacted the environment since nowadays a series of objects are created with various natural resources in order for people to use them but get rid of them once and for all. This is bad for the planet as several of these objects take time to break down and end up becoming harmful to the environment.

3 0
3 years ago
Other questions:
  • Elasticity is _______
    10·1 answer
  • What can develop in the uterus
    11·1 answer
  • When or how does a contract become a legal document and is binding on all parties involved?
    7·1 answer
  • Suppose Ruston Company has the following results related to cash flows for 2017:
    5·1 answer
  • A loop invariant property is ________________. Group of answer choices A set of statements in the loop that are always executed
    6·1 answer
  • Page Company makes 30% of its sales for cash and 70% on account. 60% of the credit sales are collected in the month of sale, 25%
    12·1 answer
  • National income accounting is​ ____________. A. used by international organizations such as the World Bank to determine individu
    9·1 answer
  • What caused china's phenomenal economic growth rate over the last 30 years, and why is it likely unsustainable in the long run?
    9·1 answer
  • 1. List names of all employees who are not from Department A00. 2. What is the average of all employee salaries? 3. Which employ
    5·1 answer
  • A city government uses eminent domain to seize property for a new public high school complex. Which of the following statements
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!