When you buy a car or a house and you need money you can get a loan.
Answer:
D. $77,000
Explanation:
Depreciation expense using the straight line depreciation method = (Cost of asset - Salvage value) / useful life
($80,000 - $20,000) / 5 = $12,000
Accumulated Depreciation between October 1, 2013 and December 31, 2013 = (3/12) x $12,000 = $3,000
Book value = Cost of asset - accumulated deprecation
= $80,000 - $3,000 = $77,000
I hope my answer helps you
Answer:
C
Explanation:
Compare the prices. You can tell which item cost less per unit and is the best deal.
Answer:
There convincing indications in the questions that suggest that the requirement is to prepare journal to record the transactions.
Find all the journal entries in the explanation section below
Explanation:
The re-acquisition of 114 shares on July 1,2020, gave rise to the below journal
Dr treasury stock(114*$89) $10146
Cr Cash $10146
Being payment made for stocks reacquired
The issuance of 61 shares at the price of $94 each gave rise to the below journal:
Dr Cash $5734
Cr Treasury stock($89*61) $5429
Cr paid-in capital $305
Being receipt of cash on shares issued
The issuance of additional shares on November 1,2020,gave rise to below journal:
Dr Cash(53*$85) $4505
Dr Paid-in capital ($89-$85)*53 $212
Treasury stock $4717
Being receipt of cash on shares issued
Label
Explanation:
Label control is a part of JavaFX package. Label is used to display a short text or an image. Label is also a non-editable text control (i.e. not editable). So in this case of displaying a calculated field which is non-editable since it's just displaying the total sale price of items sold in a given month, so a label control is good for the design view.