Answer:
Loss on sale = $38,000
Explanation:
The computation of sale of tractor is shown below:-
Total depreciation = ($180,000 - $20,000) × (2,400 + 2,100) ÷ 10000
= $72,000
Net book value on January 1, 2021 = Tractor cost - Total depreciation
= $180,000 - $72,000
= $108,000
Loss on sale = Total depreciation - Net book value on January 1, 2021
= $70,000 - $108,000
= $38,000
Therefore for computing the sale of tractor we simply applied the above formula.
<span>Joint ventures are modern techniques which are usually used to keep up with technological advancements and compete in the global economy. Joint ventures are composed of two or more parties that co-own a specific business, shares business risks and profits eventually together.</span>
Answer:
C.multiply number of shares outstanding by the price of each share
Answer:
- a) _F_ Sold long-term investments for cash.
- b) _(O)_ Received cash payments from customers.
- c) _(O)_ Paid cash for wages and salaries.
- d) _(O)_ Purchased inventories for cash.
- e) (F)_ Paid cash dividends.
- f) _(F)_ Issued common stock for cash.
- g) _(O)_ Received cash interest on a note.
- h) _(O)_ Paid cash interest on outstanding notes.
- i) _(I)_ Received cash from sale of land at a loss.
- j) _(O)_ Paid cash for property taxes on building.
Explanation:
- a) _F_ Sold long-term investments for cash.
- e) (F)_ Paid cash dividends.
- f) _(F)_ Issued common stock for cash.
Financial Decision are those what are needed to planning the new financial needs, it's necessary to decide the various scources in the capital mix of the firm.
- b) _(O)_ Received cash payments from customers.
- c) _(O)_ Paid cash for wages and salaries.
- d) _(O)_ Purchased inventories for cash.
- g) _(O)_ Received cash interest on a note.
- h) _(O)_ Paid cash interest on outstanding notes.
- j) _(O)_ Paid cash for property taxes on building.
The operatives decision are related to the organization of the business, which things buys and how to pay it, the managment of stock, accounts receivables / payables
- i) _(I)_ Received cash from sale of land at a loss.
The Investment decision are related to how managed the assets of the company, it includes the amount of assets and composition, these decision are a cost and in a limited quantity.
