I believe it’s all of the above
Answer:
The correct option is A
Explanation:
Transaction costs are the whole array of costs associated with selling, buying, transferring goods etc.
Transaction costs can be of different types which are:
- search costs
- monitoring costs
- Bargaining costs
- transfer costs etc.
Answer:
It will be used to determine the balance of inventory accounts
Explanation:
A production cost detail shows in detail the total cost of producing a product. It includes raw materials as well as operating costs. Product costs would be recorded as a current asset on the balance sheet until the goods have been sold. As an asset, it can either be:
- raw materials inventory,
- work-in-progress inventory,
- finished goods inventory, which would be dependent on how far towards completion the product is.
Answer:
The answer is $30,000
Explanation:
Solution
Given that:
Dorchester in 2001 purchased investment realty for = $25,000.
The value of the reality = $52,000
Dorchester's Adjusted gross income = $100,000
Now,
We find the maximum present year contribution deduction of Dorchester
Thus,
The amount of deduction is shown as follows.
The reality value = $52,000
50% of the adjusted gross income is = $100,000 * 30% =$30,000
