Answer:
d. financing activities section
Explanation:
cash investment made by the owner and their withdrawals will be in the financing activities section
On the financing activities, the accounting does a detail ofthe origin of funds which paid for the assets. These funds could be from owners or lenders.
Therefore, the equity transactions are included in the financing activities sections
From the owner point of view, it is an investment. But, we must remember that the owner and te company are different entities. For the company it is financiation
A is the answer
Because the rest do not make sense
Answer:
$138.63
Explanation:
I used an excel spreadsheet and the NPV function to determine the present value of this annuity. The present value of this annuity is $138.63
Answer:
b. $40,000
Explanation:
Step 1. Given information.
Loon Corporation distributes land with a basis of $350,000 and fair market value of $390,000 to Gerald in liquidation of his stock interest.
Step 2. Formulas needed to solve the exercise.
Gain to be recognized by Loon Corporation = Fair market value of the land - Basis
Step 3. Calculation.
Gain to be recognized by Loon Corporation = $390,000 - $350,000 = $40,000
Step 4. Solution.
The correct answer is 2nd. i.e $40,000
Answer: Significance.
Explanation:
Greta organization has a job with a high degree of significance, because the organization helps to send vital relief materials to nations struggling with famine and other natural disasters. If Greta organization doesn't perform their duties many lives could be lost due to hunger.
