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deff fn [24]
2 years ago
13

Brett owns investment land located in Tucson, AZ. He exchanges it for other investment land. In which of the following locations

may the other investment land be located and enable Brett to qualify for like-kind exchange treatment? a.Paris, France. b.Mexico City, Mexico. c.Toronto, Canada. d.None of these choices are correct.
Business
1 answer:
mars1129 [50]2 years ago
7 0
I think the answer is d
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When determining the account balance for a particular account (ex. Accounts Receivable) in order to prepare a trial balance, the
DanielleElmas [232]

Answer: General ledger

Explanation:

According to the given question, the company's general ledger is the term that is used to refers to the account that helps in balancing the specific account in the form of record, store and also summarizing all the transaction details of an organization by using the proper balance sheet chart.

The main role of the general ledger is that it helps in preparing the financial reports by including all the data such as revenue, liability, expense and the asset.

The general ledger is preparing the balance by using the transaction statement of the company's account.

 Therefore, General ledger is the correct answer.

4 0
3 years ago
True or False: An individual investor is more likely to engage in foreign direct investment than a corporation. True False
Nata [24]

Answer:

I believe that it's true

3 0
2 years ago
What advantages do chain stores have over individual stores?
Wewaii [24]
Can provide services that specialize in one area
6 0
3 years ago
Pls help me and thank you
Studentka2010 [4]
The answer is C! hope this helped!
6 0
2 years ago
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The records of penny Co. Indicated that 415,000 of merchandise should be on hand December 31. The phyiscla inventory indicates t
Nata [24]

Answer:

See explanation section

Explanation:

As there is a difference between the physical count of the inventory and actual Inventory count, it indicates that the merchandise inventory is either sold or wasted. However, for continuing the operation smoothly, it is assumed as sold. Therefore, the journal entry to record the sale is -

December - 31       Cost of goods sold           Debit          45,000

                           ($415,000 - $370,000)

                                        Merchandise Inventory     Credit       45,000

                    (To record the sale of merchandise: adjusted)

5 0
3 years ago
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