This property is called the distributive property. It is when you distribute the number outside the parenthesis into the numbers and letters inside the parenthesis.
Example:
7(x-3) = 7x-21
10(x+5+8) = 10x+50+80 = 10x +130
be sure to simplify like terms as in the example above
10 ( x²+5x³+2x²) = 10x²+50x³+20x² = 30x²+50x³
answer: 30x²+50x³
hope this helps
Answer:
a. $8,200
Explanation:
The same accounting principles would be applied to non-profit entities while recording their assets as applied to other entities.
Non-profit entity would record its assets at fair value same as assets are recorded by other entities.
Answer:
$8,940
Explanation:
For computing the amount of the gain first we have to need to do the following calculations
a. Net short term gain or loss is shown in the attachment
b. Net long term gain or loss is shown in the attachment
c. Net capital gain arise from these transactions are as follows
= Short term capital gain or loss + Long term capital gain or loss
= -$240 + $9180
= $8,940
d.The whole net capital gain of $8,940 will be taxable at a preferential rate.
Answer:
Explanation:
Base on the question been given to us, we can solve this using equity method as seen below
Investments in Polo = 300000+0.75*(40000-10000-5000*)
300000+0.75*(25000)
300000+18750
$318,750
Increase in value of Patent $50,000
Economic Life 10
Amortization $5,000
The $ 5000 would be reduced from the net income
Answer:
Corinne Company
Investing Activities Section of the Statement of Cash Flows:
Equipment sales $12
Equipment bought ($58)
Net cash used ($46)
Explanation:
a) Data and Calculations:
Balance Sheet of Corinne company at the end of 2025 and 2024:
2025 2024
Cash $50 $70
Accounts receivable (net) 320 270
Buildings and equipment 200 150
Accumulated depreciation
- buildings and equipment (36) (16)
Land 180 80
Totals $714 $554
Accounts payable $180 $146
Notes payable- bank long term 0 80
Mortgage payable 60 0
Common stock, $10 par 418 318
Retained earnings 56 10
Totals $714 $554
b) other information:
Land and Common Stock exchange
Equipment sold for $12 (cost $10 and book value $8)
Cash dividends $20
c) Equipment account
Beginning balance 150
Equipment sold -8
Balance 142
Closing balance 200
Purchase of new 58 (200 - 142)
