Answer:
B)learn, adapt and adjust to others
Explanation:
Partnership is a form of business owned by two or more people. They raise capital and when profit is made, the partners share profits. The success of the partnership will be determined by several factors. Since the business is owned by both parties with different personalities, willingness to learn, adapt and adjust to others is necessary. Reckless decisions making however, would affect all partners since each will be directly affected by these bad decisions.
Answer:
a. $5,910
Explanation:
The computation of the deduction amount for depreciation is shown below:
= (Rental beach house - the amount of the land value) × depreciation rate
= ($900,000 - $600,000) × 1.97%
= $300,000 × 1.97%
= $5,910
Refer to the depreciation table and we assume the year would be 1 and the recovery period is 19 years is 1.97%
I think it's the first one
Answer: $690
Explanation:
The 2018 year- end adjusted balance of Salaries Payable will be calculated as:
= January 1, 2018 balance + Adjustment on December 31, 2018
= $0 + $690
= $690
Note: Salaries accrued at December 31, 2018 will be:
= (Number of days from December 29 - 31) × Salary per day
= 3 × $230
= $690
Therefore, the balance on salaries payable is $690
