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kirza4 [7]
2 years ago
15

Sixty to sixty-five percent of its value can be used as collateral for a loan.

Business
1 answer:
denpristay [2]2 years ago
8 0
The answer is “equipment”
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Bateman Corporation sold an office building that it used in its business for $800,200. Bateman bought the building 10 years ago
GarryVolchara [31]

Answer:

Gain= $400,600

Explanation:

<u>First, we need to calculate the book value of the building:</u>

Book value= purchase price - accumulated depreciation

Book value= 599,900 - 200,300

Book value= $399,600

<u>If the selling price is higher than the book value, the company gain from the sale.</u>

Gain/loss= selling price - book value

Gain/loss= 800,200 - 399,600

Gain= $400,600

4 0
3 years ago
During May, Carolan Corporation transferred $59,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of
dem82 [27]

Answer:

credit to Work in Process of $59,000.

Explanation:

Based on the information given the appropriate l journal entries to record these transactions would include a: CREDIT TO WORK IN PROCESS OF $59,000

Dr Finished goods $59,000

Cr Work in process $59,000

Dr Cost of goods sold $65,000

Cr Finished goods $65,000

6 0
2 years ago
Ivanhoe, Inc. received the following information from its pension plan trustee concerning the operation of the company's defined
Setler79 [48]

Answer:

The pension expense for 2021 = $543,500

Explanation:

Service cost = $523,000

Amortization of prior service cost = $113,000

Settlement rate = 11%

Projected benefit obligation = $1,450,000

Accumulated benefit obligation = $3,600,000

Note: The necessary calculations are in the table attached as a file to this solution.

4 0
3 years ago
What is a mortgage?
Anvisha [2.4K]
The answer is a loan (or b)
8 0
3 years ago
Read 2 more answers
Please help me with this!!
Westkost [7]
The correct answer is Neutral stance
8 0
2 years ago
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