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andriy [413]
3 years ago
12

On August 1, Red Company purchased computer equipment for $10,000 cash and also gave 100 shares of White common stock that Red C

ompany held as an investment. The White common stock cost Red Company $5,000 and on August 1 had a fair value of $4,200. The installation costs for the computer equipment were $700 and shipping costs were $500. What amount should be the total amount debited to the computer equipment account
Business
1 answer:
hodyreva [135]3 years ago
7 0

Answer:

Explanation:

A capitalized cost of an asset is made up of

1 . Purchase price import duties and non refundable taxes less trade discount and rebate

2. Direct cost of bringing the asset to its present position

3. Fair value given in exchange for the the assets

Cost of Computer

Purchase Price -                                $10,000

Fair value of White common stock - $4,200

Installation cost -                                  $  700

Shipping cost -                                      $  500

Total Cost -                                             $15,400

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vodomira [7]

Answer:Share group

Explanation:

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3 0
3 years ago
PLEASE HELP! I need to know what to put in the blank
Alborosie

Available Options are:

A) comprehension

B) conviction

C) ordering

D) reordering

E) awareness-building

Answer:

Option E. Awareness-building

Explanation:

The reason is that the main purpose of the advertisement and the publicity of the product is to increase the interest of the customer by portraying the product as a masterpiece. Furthermore, under the AIDA Model, it is the second stage which is:

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So advertising is basically the second stage.

6 0
4 years ago
"Today, the term dry run is often used to refer to a rehearsal of some sort. This meaning originated in the field of firefightin
aleksklad [387]

Answer:

definition by etymology

Explanation:

<em>Etymology</em> is called the study of the origin of individual words, their chronology, their integration into a language, as well as the source and details of their changes in form and meaning.

In languages ​​with a long written history, etymology is a discipline related to philology and historical linguistics, which includes the study of the origin of words by investigating their original meaning, their structure, as well as their diachronic evolution, that is, possible changes that have occurred over time.

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6 0
3 years ago
Which of the following has made it possible for humans to travel large distances throughout their history?
MaRussiya [10]

Answer:

The oceans/ships

Explanation:

Most of the earth is covered by water, and that water made it possible for humans to travel long distances throughout their history. From the early history; crusaders, pirates and other generations have been developing ships to move across the countries and continents to trade and invade. In that regard, they used vast oceans to travel large distances

7 0
4 years ago
Read 2 more answers
At the beginning of his current tax year, Eric bought a corporate bond with a maturity value of $26,000 from the secondary marke
Margaret [11]

Answer: Eric will report an Interest Income of $1560

Explanation:

Interest Rate (r) = 6%

Marturity Value = 26000

Interest income for this year

Interest income (6 months) = 26000 x (0.06/2) = 780

Interest income for this year = 780 x 2 = 1560

Eric will report an interest income of $1560 this year.

Interest Income in the final year (Maturity year)

Bond Interest Payments are constant each year for up until the Bond Matures. Eric will still earn an interest of $ 1560 in the final year

3 0
3 years ago
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