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k0ka [10]
2 years ago
7

Kingbird, Inc. sells 450 shares of common stock being held as an investment. The shares were acquired six months ago at a cost o

f $50 a share. Kingbird sold the shares for $51 a share. The entry to record the sale is:_____.
Business
1 answer:
Nadya [2.5K]2 years ago
3 0

Answer:

Debit  : Cash  $22,950

Credit : Common Stock  $22,950

Explanation:

When shares were held sorely for  investment, on date of sale, we simply record the cash proceeds and no gain on sale of shares is recognized.

Therefore, Cash Proceeds = $51 x 450 shares = $22,950

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6 0
3 years ago
Which type of software is copyrighted and provided at no cost, though the developer retains all rights to the program
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The type of software that is copyrighted and provided at no cost, though the developer retains all rights to the program is: Freeware.

<h3>What is Freeware?</h3>

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5 0
2 years ago
The gross domestic product (GDP) of the United States is defined as the _________ all _________ _________ in a given period of t
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Answer:

The gross domestic product (GDP) of the United States is defined as the sum of all goods and services produced in America in a given period of time.

Therefore, options 2, 3, 4 and 5 are included on America's GDP, as all of them are produced in American territory.

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7 0
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