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2 years ago

14

When creating a company's security policy, it is not necessary that the scope align with the company's annual information securi

ty budget. True False

1 answer:

Phantasy [73]2 years ago

6 0

Answer:

False, you would want them to align.

Explanation:

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On January 1, 2019, Patrick Polk purchased real estate as an investment. On April 1, 2019, Patrick exchanged it for other real e

Leokris [45]

Answer:

a. long-term capital gain.

Explanation:

A 1031 exchange allows investors to delay paying taxes when they swap like-kind properties. The basis of this property will start on January 1, 2019, the date the first property was acquired. If the investor sold the property on February 1, 2020, more than a year passed, so this should be taxed as a long term capital gain.

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3 years ago

What is the term for a division of stock that gives stockholders a greater number of shares but does not change each individual'

Nookie1986 [14]

Stock split or stock divide

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3 years ago

Tyler has been operating his business as a sole proprietorship but decides that it is too much work for him to do alone. He does

svp [43]

Answer:

business partner

Explanation:

Business partner -

It refers to the authority in the business , which has the right to take decisions for the project of the business , is referred to as business partner .

The relation between the two or more people i.e. , the business partners can be on the contract basis or exclusive in nature .

Hence , from the given scenario of the question ,

Tyler need a buisness partner for his business .

8 0

3 years ago

The following is the adjusted trial balance of Wilson Trucking Company.

Troyanec [42]

Answer:

<u>PART 1:</u> Wilson Trucking Company reported Net Income of $15,854 for the year ended December 31, 2017.

<u>PART 2:</u> As per the statement of changes in equity, K. Wilson Capital Account Balance as at December 31, 2017 is $190,124

* Please note that figures in brackets represent negative values.

Explanation:

<u>PART 1</u>

Wilson Trucking Company

Income Statement for the year ended December 31, 2017

<u>Revenue </u>

Trucking Fees $115,500

<u>Less Expenses:</u>

Depreciation expense of Trucks $(26,043)

Salaries expense $(54,170)

Office supplies expense $(9,500)

Repairs expense -Trucks $(9,933)

Net Income $15,854

<u>PART 2</u>

Wilson Trucking Company

Statement of changes in Equity for the year ended December 31, 2017

K. Wilson Capital Account Balance as at December 31, 2016 $193,270

Add: Net Income for the year $15,854

Less: K. Wilson withdrawals during the year $(19,000)

K. Wilson Capital Account Balance as at December 31, 2017 $190,124

7 0

3 years ago

Assume that on September 30, 2017, AirUS, an international airline based in Germany, purchased a Jumbo aircraft at a cost of

kaheart [24]

Answer:

A.7,650,000

B.2,677,500

C.17,000,000

Explanation:

DATA:

purchase cost = 42,500,000

Useful life = 5 years

Estimated useful life in miles = 5,000,000 miles

Salvage value = 4,250,000

Actual useful life in miles = 350,000miles

Solution

A. Depreciation (straight-line)= $\frac{Cost-residualvalue}{Usefullife}$

Depreciation( straight-line)= $\frac{42,500,000-4,250,000}{5}$

Depreciation( straight-line)= 7,650,000

B Depreciation (units of production)= (cost-Salvage value) x $\frac{Actualunits}{Estimatedunits}$

Depreciation (units of production)= (42,500,000-4,250,000)x $\frac{350,000}{5,000,000}$

Depreciation (units of production) = 2,677,500

C. Depreciation (Double declining) = 2 x cost x depreciation rate

Depreciation (Double declining) = 2 x 42,500,000 x 0.2(w)

Depreciation (Double declining) = 17,000,000

Working

Depreciation Rate = 1/Useful

Depeciation Rate = 1/ 05 = 0.2

6 0

3 years ago