Answer:
Donna made a realized gain of 8,000 dollars
the basis for the building now will be of 152,000 dollars
Explanation:
<u><em>realized gain:</em></u>
insurance proceeds less replacement cost:
160,000 - 152,000 = 8,000
<em><u>the basis</u></em> (value of the new office building for tax purposes) will be the 152,000 which is the cost of the office building
 
        
             
        
        
        
784.967 rounded to the nearest whole number is 785
        
                    
             
        
        
        
Answer:
$25,000
Explanation:
The computation of the adjusted balance of retained earning is shown below:
Since the depreciation expense is overstated on 2019 which decreased the earnings so it would be added 
Since the  depreciation expense is understated on 2020 which increased the earnings so it would be deducted
And, the ending inventory for 2020 is understated which decreased the earning so it would be added
Therefore, the adjusted balance is 
= $24,000 - $4,000 + $5,000
= $25,000
 
        
             
        
        
        
Answer:
Since there is not enough room here, I prepared the general ledger, the accounts receivable ledger and the schedule of accounts receivable in an excel spreadsheet (attached).     
Explanation: