Answer:
c.$87,400 $(15,700)
Explanation:
Equipment ($89,700- $2,300) $87,400
Cash $2,300
Loss ($105,400 – $89,700) $15,700
Land (book value)105,400
Therefore Assuming that the exchange has commercial substance, the company would record equipment and a gain/(loss) of $87,400 $(15,700)
A form on which a taxpayer makes an annual statement of income and personal circumstances, used by the tax authorities to assess liability for tax.
Ah so ^-^
Answer:
A business will only be legal and not against any existing or foreseeable government regulation if there are documents proving that the business is legally registered, with the type of business and other details fully disclosed by the promoters during the formation and documentation stages.
Explanation:
The main document for incorporating a company in the United States is the Articles of Incorporation. The document specifies the primary purpose of the business, its location ( and state of incorporation), and the shareholdings.
Answer:
Here is the questions with options
A company is trying to decide whether to keep or drop the organic foods department in its grocery store. If organic foods are dropped, the manager will be laid off. What is the manager's salary in relation to the decision to keep or drop the department?
A. A variable cost and therefore relevant
B. Avoidable and therefore incremental
C. Sunk and therefore not relevant
D. A fixed cost and therefore not relevant
The answer is B. Avoidable and therefore incremental
Explanation:
An avoidable cost are cost that can be eliminated when a particular activity is no longer performed. They are variable cost that can be eliminated from the business operation by not producing a particular goods.
On the other hand, an incremental cost is the difference in total costs as the result of a change in some activity.
If the company decides to dropped the organic department, the payment made to the manager is automatically eliminated, Thus making such cost become an avoidable cost, because it can be eliminated.
Hence the best answer is B. Avoidable and therefore incremental
Answer:
B. the direct labor-hours that should have been used to complete the actual output for the period.
Explanation:
Standard hours is the amount of time or hours of labour time taken to complete the period's actual output. It is the time that should have been taken to complete the period's actual output.
It is usually calculated by multiplying standard hours allowed per unit by actual output for the period.
