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
inessss [21]
3 years ago
6

When two proprietors decide to combine their businesses and form a partnership, gaap usually requires that noncash assets be tak

en over at their _______ on the date of the partnership.
a. residual value
b. book value
c. fair market value
d. historical cost
Business
1 answer:
Tcecarenko [31]3 years ago
8 0
When proprietors decide to combine their business and form a partnership, gaap usually requires that non cash assets be taken over at : C. fair market vale
The data will be used to calculate the percentages of ownership of each combined companies

hope this helps
You might be interested in
Both interest bearing and noninterest bearing notes bear interest.<br> A. True<br> B. False
Veronika [31]

The statement "Both interest bearing and noninterest bearing notes bear interest." is true.

An interest-bearing note bears interest. The interest on a non-interest-bearing note is subtracted from the note's principal. So, the statement is true.

An interest-bearing note is a sum of money that a lender lends to a borrower, with interest accruing in line with the conditions of the contract.

A non-interest bearing note is a loan for which the borrower is not legally required "to pay the lender any interest" at all.

Both kinds of notes bear interest, hence the term "noninterest bearing" is misleading. Interest is deducted from a noninterest bearing note at the time the loan is made.

To learn more about noninterest bearing notes here

brainly.com/question/14617157

#SPJ4

3 0
1 year ago
*NOO LIINNKKKKSSS* Malik is a mechanical engineer who works for a large paper manufacturing company. What would be one task that
Troyanec [42]
A is the right answer
3 0
2 years ago
Read 2 more answers
When the economy is in a recession, expansionary fiscal policy can be used to stimulate and encourage economic growth. Which of
Nostrana [21]

Answer:

A

Explanation:

Discretionary fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.

Discretionary fiscal policies can either be expansionary or contractionary

Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes.

If taxes are cut, disposable income increases and demand increases. this is an example of demand side

On the other hand, if a replacement project is undertaken, the demand for labour increases. this is an example of supply side

Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing spending or increasing taxes

3 0
3 years ago
What are capital gains on an investment.
Vlad1618 [11]

Answer:

A capital gain is, to put it simply, a rise in the value of an investment over its initial purchase price, such as stocks, mutual fund shares, or shares of an exchange traded fund. You have a capital gain if the asset's value rises, and you must pay tax on it

Hope this helped!

3 0
1 year ago
What is the risk you are taking when investing in bonds? How can you minimize this risk?
viva [34]

Answer:

Risk: The bonds you own will decline if interest rates rise, interest rate risk.

Minimalize:

- Don't buy bonds when interest rates are low or rising. Buy when stable.

- Stick to short term issues (3 - 5 years)

- Buy bond with different maturity dates

Explanation:

Good luck <3

3 0
3 years ago
Other questions:
  • During finals week, students arrive randomly at the help desk of the computer lab. There is only one technician due to budget cu
    5·1 answer
  • Angie asks her grandmother over the phone, "do you like the color of my new shirt that i'm wearing now?" this is an example of
    11·1 answer
  • A warranty that is created when a seller or lessor makes an affirmation that the goods he or she is selling or leasing meet cert
    6·1 answer
  • What First things comes in your mind when you heard name china ? ​
    7·1 answer
  • These are generally awarded to undergraduate students based on need, school cost, and/or enrollment status and do not have to be
    13·2 answers
  • What's the difference between fresh food and prepared food?
    11·1 answer
  • The overall process of dealing with all aspects of acquiring, keeping, and growing customers is referred to as ________.
    5·1 answer
  • Hewlett and Martin are partners. Hewlett's capital balance in the partnership is $60,500, and Martin's capital balance $57,500.
    5·1 answer
  • You are provided with the following information for Najera Inc. for the month ended June 30, 2017. Najera uses the periodic meth
    7·1 answer
  • What are the marketing mix strategies of sanlam explain each strategy by using sanlam company​
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!