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3 years ago

If your total assets arw $3,940 and your total liabilities are $1,232 what is your total net worth

1 answer:

8 0

First yo must deduct the expenses(liabilities)in to your income so let's see your answer now::it will be $3,940-$1,232=$2708 is your answer

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Equity method journal entries (price greater than book value) An investor purchases a 25% interest in an investee company, and t

Crazy boy [7]

Answer:

See answer an explanation below.

Explanation:

The journal entries will look as follows:

General Journal

Description Debit ($) Credit ($)

Equity investment 145,000

Cash 145,000

(To record purchase of investment.)

Cash 25,000

Income from equity investment (w.1) 25,000

(To record equity income.)

Cash 20,000

Equity investment 20,000

(To record receipt of cash dividend.)

Income from equity investment 2,000

Equity investment (w.2) 2,000

(To record patent amortization expense.)

Cash 180,000

Gain on sale of equity invest. (w.4) 32,000

Equity investment (w.3) 148,000

(To record sale of investment.)

Workings

w.1: Income from equity investment = Investee's net income * Percentage of interest = $100,000 * 25% = $25,000

w.2: Equity investment = (Patent value / Remaining useful life) * Percentage of interest = ($80,000 / 10) * 25% = $8,000 * 25% = $2,000

w.3: Equity investment = $145,000 + $25,000 - $20,000 - $2,000 = $148,000

w.4: Gain on sale of equity investment = Sales proceed - w.3 = $180,000 - $148,000 = $32,000

4 0

3 years ago

Marie eats at the downtowner diner and frequently reads the entire menu, but she always orders the chicken quesadilla. when she

alekssr [168]

The appropriate response is Latent Learning. It alludes to learning that exclusive turns out to be clear when a man has a motivating force to show it. Dormant learning is imperative in light of the fact that as a rule the data we have learned isn't generally conspicuous until the minute that we have to show it.
The said learning was instituted by therapist Edward Tolman amid his exploration with rats, in spite of the fact that the primary perceptions of this marvel were made before by specialist Hugh Blodgett.

8 0

3 years ago

An automobile manufacturer produces and sells the Energy-Saver Car in North America. It also produces and sells the Smart Little

Sergio039 [100]

Answer:

We will get $7680(thousands)

Explanation:

Answer

If we read the given data values in the passage, it is clear that the mean annual number of smart little cars in china is 7500 and the variance is equal to 6400

The variance is given for the number of cars, but not for the profit.

So, we need to convert the numerical value(number of cars) to money value(profit)

it is given that net revenue per car is $1.2 (thousands)

So, multiplying the net revenue by number of cars

we get, variance in profit = 6400*1.2 = $7680 (thousands)

3 0

3 years ago

Would it be more profitable to own 200 shares of Penny's pickles or 1 share of Exxon ?

ZanzabumX [31]

1 share of exxon, pennys pickles isnt exactly the most booming market right now

7 0

3 years ago

Read 2 more answers

When you catch a fast-moving baseball with your bare hand, a good idea is to catch it so that your hand stops it?

jarptica [38.1K]

You want your hand to "give" a bit when you catch the ball. You don't want want the ball to come to a hard stop because that would risk hurting your hand.

4 0

4 years ago