Answer: $212,000
Explanation:
Under the cost principle, the amount that the land should be recorded in the accounting records of Focus Company would be $212,000.
It should be noted that under the cost principle, any property that can be considered to be an asset would have to measured at its cost.
Since the companies settled on a purchase price of $212,000, that'll be the amount that will be recorded.
Answer:
$1,050
Explanation:
Given that,
Airfare = $560
Taxis = $40
Meals = $100
Lodging = $350
All the expenses incurred during a business trip to New York are deductible.
Therefore, the amount of expenses deducted is calculated as follows:
= Airfare + Taxis + Meals + Lodging
= $560 + $40 + $100 + $350
= $1,050
Hence, Barry may deduct $1,050 as travel expenses for the trip.
Answer:
The correct answer to the following question is option A) $0
Explanation:
Given information -
House bought 15 years ago by Jerry at - $60,000
Jerry and her wife Debbie sold the house for - $340,000
The realized gain for Jerry and Debbie on the sale of house - $280,000 ( $340,000 - $60,000 )
Jerry and Debbie wants to file joint tax return , and they are allowed an exclusion up to $500,000. Which means if the amount of gain doesn't exceed $500,000, then they won't have to pay tax on this gain.
I like the blue one but there are a lot of selaction
Answer:
d. ad does not change.
Explanation:
Aggregate demand is defined as the total demand for finished products that is produced by a country. It is also called effective demand
In this instance aggregate demand will be a sum of demand for both computers and fighter jets. If the government decides to spend on fighter jets instead of computers, the aggregate demand will not change since it is total demand of both proucts.
