Answer:
The partnership’s basis in the property is $70,000
Explanation:
Partnership defines that it is an agreement between two or more people to share their profits and losses in their profit sharing ratio.
According to the scenario Zena shares property of $70,000 and an adjusted basis of $52,000 and legal services with XYZ partnership, Zena bought the assets on 13 October in 2013. The partnerships basis in the property contributed by Zena is $70,000 ( adjusted basis of the partnership)
No
Because schools can't operate on single idea and many things will be lost
Answer:
The correct answer is: ratio of consumption to income.
Explanation:
The average propensity to consume is a measure to show the percentage of income that is spent on consumption of goods and services. It is calculated by the ratio of consumption and income.
It can also be calculated as 1 - APS. Here, APS is the average propensity to consume which is the ratio of savings to income.
Answer:
Option A: is the expected rate of return on a capital investment.
Explanation:
A capital is usually the money used to start up any business.
Cost of capital is simply cost of company's long-term sources of funds: debt, preferred equity and others. It shows how the market views the risk of the firm's assets. A firm must earn required return to compensate investors for the financing the business.
Answer:
The correct option is A,bonds Payable credit, $40,000
Explanation:
Overvaluation of bonds by $40,000 means that the carrying value of the bond was $40,000 more than its true worth,an adjustment needs to be passed in the bonds payable account by a way of debit in order to bring the bonds payable to its true value.
Debit entry is required in the bonds payable account because the account itself is a liability account that naturally has a credit balance,in order to reduce the balance, a debit of $40,000 is needed not a credit of $40,000 as shown by option A