Explanation:
Total loss the company did in was 210,000
Amount of loss going to Zelda's head would be
= (210,000) * 60%
= 126,000
Earnings share for Zelda in 2018
14,600 * 60% = 8760
6,200 * 60% = 3720
And 95,000
Zelda’s adjusted basis in her YZ interest before loss deduction in 2018 would be
= 95,000 + 8760 + 3720
= 107,480.
Zelda’s adjusted basis in her YZ interest at the end of 2018 after loss deduction would be zero or nill
Answer:
Date Particulars Debit Credit
Jan 3 Cash $240,000
Common stock (30000*5) $150,000
Paid-in-capital in excess $90,000
Nov 2 Treasury stock $15,000
Cash $15,000
Dec 6 Cash $7,200
Treasury stock[75000/1500*600) $6,000
Paid in capital from treasuty cash $1,200
Add $53 to the book balance.
The book balance is the company's cash balance according to its accounting records. Your book balance may include transactions that have not yet been cleared or cleared from your bank account. At the end of the accounting period, the company's book inventory is reconciled with the bank balance via monthly account statements.
Posted book balance is the closing balance (posted funds) reported in the daily close (MT940). Depending on your sending bank's policy, this balance may include unbilled items. The Clearing Balance is the "true" interest-bearing balance available calculated on a given date book balance.
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Answer:
internal business processes
Explanation:
