Answer: D. Both thought processes are linear
Explanation: I think I'm not too certain.
No thanks im good thanks for asking tho
Answer:
Date Account Titles and Explanation Debit Credit
Land $84,000
Common stock $12,000
Paid in capital in excess of par value $72,000
Workings:
Amount of Common stock = Number of shares * Paid in capital per share
= 6,000 shares * $2
= $12,000
Amount of excess of paid in capital = Market value of land - Amount of common stock
= $84,000 - $12,000
= $72,000
Answer:
The correct answer is B
Explanation:
Calculation of AGI for 2019 -
Salary Income $70,000
Interest income on Xerox bonds $2,000
Inheritance from uncle $ 40,000
Deduction : Capital Loss ($2500)
Contribution to traditional IRA ($5500)
Inheritance from uncle ($40,000)
Total = $64,000