Answer:
No entry is made
Explanation:
When a company applies the partial equity method in accounting for its investment in a subsidiary and initial value, book values, and fair values of net assets acquired are all equal, there would be no entry in the consolidation worksheet. The reason is the initial investment in the subsidiary, the initial value, book values and fair values of net assets acquired are all equal, no changes has been made.
Answer:
10.64 years
Explanation:
To find the number of years , use this formula :
FV / PV = (1 + r) ^n
FV = Future value = $1 million
P = Present value = $560,000.
R = interest rate = 5.6%
N = number of years
$1,000,000 / $560,000 = (1.056)^n
1.785714 = (1.056)^n
Find the In of both sides
n = 10.64 years
Answer:
1. decrease taxes
2. increase government spending
Explanation:
GDP stands for Gross Domestic Product. It is a country total produces in terms of services and goods in an fiscal year or financial year.
According to the question, if the real GDP drops, then a fiscal policy to increase the GDP, the Government should decease the taxes as it will motivate the workers and the employees to work more to increase the products.
Also increasing the spending of the Government in the form of subsidies so that output will increase.
Therefore, the possible fiscal solutions to make the real GDP rise to a higher level are :
1. decrease taxes
2. increase government spending
Answer:
B. Liquidate some inventory to increase cash flow.
Explanation:
Inventory refers to the items meant for sale. Liquidating is converting assets into cash. Liquidating inventory means selling some inventory to generate cash. The business has enough inventory to last for months. Since the firm needs cash now, its best option is to sell some of its inventory.
Having inventory that can last for months is tying up resources that could be used in other ways. Keeping high levels of inventory is not prudent. It is not an investment that can generate more income. There is also the risk of theft and damages.
Answer:
8,000
Explanation:
Calculation to determine what Brinks' initial basis in Dex is:
Carryover Basis of Land Contributed by Brinks $12,000
Less Mortgage Assumed by the Partnership ($5,000)
Add Mortgage percentage Kept by Brinks $1,000
(.20 x $5,000)
Brink's Initial Basis $ 8,000
($12,000-$5,000+$1,000)
Therefore Brinks' initial basis in Dex is: $8,000
