Answer:
Option (b) is correct.
Explanation:
(a) Net Income:
= Revenues - Expenses
= $77,000 - $48,600
= $ 28,400
(b) Retained earnings :
= Net Income - Dividend
= $ 28,400 - $7,700
= $20,700
(c) Stockholders' Equity:
= Total assets - Total Liabilities
= 185,000 - $105,000
= $80,000
Therefore, the retained earnings at December 31, 2016 were $20,700.
Answer: The cost recovery deduction for 2019 for these assets is $43000.
Explanation:
New business asset (five year property) purchased March 10, 2019 = $30000
New business asset (seven year property) purchased on November 20, 2019 = $13000
Additional depreciation of the first year is referred as the bonus depreciation.
Also, bonus depreciation in the year 2019 is at 100% of the value of assets bought during this year.
∴ Total assets value = New business asset (five year property) + New business asset (seven year property)
= $30000 + $13000
= $43000
Hence, the cost recovery deduction for 2019 for these assets is $43000.
If your ending balance is $159.57, you can then add in the outstanding deposits of $147.96 to get the total of $307.53. Then from that total, subtract the outstanding checks that total $223.85 which gives you the checkbook balance of $83.68.
Answer:
i dont knowpls mark me as brinlest
Explanation:
Answer: The answer is as follows:
Explanation:
Opportunity cost refers to the benefit of a commodity that is forgone to produce one extra unit of some other commodity.
It is also refers to the value of next best alternative that is given up by choosing some other alternative.
Here, if Dexter accepts the laser printer as payment then the opportunity cost of this exchange is the value of next best alternative and that is television.
