Answer:
Assets increase by $10,000
Total stockholders' equity increases by $10,000
Explanation:
Since in the question, it is given that, the purchase value of equipment is $100,000 and the exchanged value is $110,000
So, the difference of $10,000 ($110,000 - $100,000) would reflect that the assets would increase by $10,000 and the total stockholders' equity is also increased by $10,000
The exchange value is a combination of $70,000 in trade allowance and $40,000 was paid in cash
Answer:
$700
Explanation:
to calculate the amount of state income tax refund that must be included in the 2019 tax return we can use the following equation:
state income tax refund included in gross income = itemized deduction - standard deduction = $24,700 - $24,000 = $700
the rest of the refund = $1,800 - $700 = $1,100, should not be included in the 2019 gross income
Answer:
The correct answer is the option D: is equally price inelastic in both the short run an long run as there are not many substitutes for crude oil.
Explanation:
To begin with, the concept called <em>''price elasticity of demand''</em> in the field of economic, refers to the variation that happens in the quantity demanded of a product when its price changes. Moreover, this theory establishes that goods could be either price elastic or price inelastic. In addition to that, the products that are price elastic are the ones whose quantity demanded changes when a variation in its price occur, meanwhile <u>the products that are price inelastic are those whose quantity demanded do not changes when a variation in its price happen</u>.
In conclusion, the demand for crude oil is equally price inelastic in both the short and long run as there are not many substitutes for crude oil and <u>therefore the people will still continue to consume it no matter how many changes in its price will happen, due to its uniqueness.</u>
Answer:
a.representative money
Explanation:
sure po ako dyan na ayan po ang sagot maraming salamat po
