Answer:
B) Durable
<u>Multiple-choices</u>
A) Portable B) Durable
C) Divisible
D) Acceptable
Explanation:
Durability is a vital feature of money. It refers to the ability of money to be used over and over again. Durability implies that money should withstand wear and tear for a long duration. Because money is meant to circulate without limitations, it should be made to last for a considerable period. Printing of money is an expense. To save on this cost, both notes and coins should be made durable.
Answer and Explanation:
Partnership can be defined as a form of business which is often carried out by two or more people with the sole aim of making profit.
a) Adam receives only money in the distribution and the distribution exceeds his basis.
Particular Amount
Distribution $16,000
Less: Basis $12,000
Recognized Gain $4,000
b) Adam has $0 remaining basis in his partnership interest due to the fact that all the money or cash he received in the partnership distribution is allocated in outside basis and not within basis.
c) Alyssa has not recognized any gain or loss from the current distribution due to the fact that the cash Alyssa received in distribution is fully adjusted in the outside basis.
d) After adjusting the money received against the outside basis the remaining outside basis of $4,000 will be adjusted by property, which is why Alyssa will assign $4,000 basis to the property.
e)
Particular Amount
Basis $12,000
Less: cash distribution $8,000
Less: Property $4,000
Remaining basis $0
Therefore Alyssa remaining basis in her partnership interest will be $0
Answer:
1) cash on hand (bank) - operating acitivites 2) cash on hand (bank) - finance activities
Explanation:
Dividends received increases the amount of cash flow available. Thus on the statement of cash flows it's recorded as an inflow of cashflow under operating acitivities.
Dividends paid are viewed as financing activity and since it's an outflow of cash (money leaving the entity) it is recorded as decrease in finance activities.
Answer:
Stream A
Present Values 0 141.51 311.50 293.87 277.23 186.81
Stream B
Present Values 0 235.85 311.50 293.87 277.23 112.10
At 0% The streams will remain as given as they will not be discounted at all.
Explanation:
Stream A
Cashflows 0 150 350 350 350 250
Disc Factor @ 6% 1 0.94 0.89 0.84 0.79 0.75
Present Values 0 141.51 311.50 293.87 277.23 186.81
Stream B
Cashflows 0 250 350 350 350 150
Disc Factor @ 6% 1 0.94 0.89 0.84 0.79 0.75
Present Values 0 235.85 311.50 293.87 277.23 112.10
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