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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
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During April, Cavy Company incurred factory overhead as follows:Indirect materials $10,500Factory supervision labor 4,000Utiliti
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Answer:

Date            Account Title                                       Debit          Credit

April             Factory Overhead                           $16,720

                    Indirect materials                                                    $10,500

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                     Utilities payable                                                     $  500

                    Accumulated Depreciation                                    $  620

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3 0
3 years ago
Omaha Beef Co. purchased a delivery truck for $50,000. The residual value at the end of an estimated eight-year service life is
kati45 [8]

Answer:

2500

Explanation:

First depreciate for 6 years using regular method: (Cost - Salvage Value)/Initial Useful life

(50,000-10,000)/8 = 5000 <- this is annual depreciation

For 6 years, $30,000 accumulated depreciation

Now to calculate change in useful life, you do (Cost - Accumulated Depreciation - Salvage Value)/Remaining Useful life

Remaining Useful life = 10-6 = 4

(50,000-30,000-10,000)/4 = 2500

8 0
3 years ago
Which change should be made to the above cover letter excerpt before sending it to an employer? a. The author should to remove “
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Answer: B. The author should remove the background color from the letter. A cover lever is a formal letter given or sent to a potential employer with some information about who the canidate is and how they qualify for the positon. Adding background colors to a formal document is not acceptable on a formal document.

5 0
3 years ago
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Which of the following does not contribute to Chris's financial problems?
zepelin [54]

C

Cause it doesn’t matter if he went to collage or not

7 0
4 years ago
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In order to produce it’s products, a coffee machine manufacturer relies on timely delivery from its suppliers. Although the comp
myrzilka [38]

Answer: A) meeting a customer's expectations doesn't always lead to brand loyalty.

Explanation:

It is possible to meet the expectations of a supplier and the supplier would still move on if they feel like they would get a better deal somewhere especially if the other supplier meets their expectations even better than the first supplier did.

The company in question preferred that it received its parts all at once and the supplier could not do that but they were still able to supply the goods required. They were therefore meeting expectations but not in an adequate enough manner which is why the company found someone better.

3 0
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