Well here's what I can tell you,
The day the contributed property was purchased.
The day the partnership interest was acquired.
Either one of these are true which also means they are both true.
I think it might be C, but i'm not sure
Answer:
True
And you know What is the meaning the trade-off?
A decision is made between one or more options. A trade-off is all alternatives given up when choosing one option. The other other alternatives in that decision are the trade-offs. Therefore, every decision involves trade-offs.
Good luck
This is a positive statement
Answer:
<u>(a) as either fixed or variable</u>
fixed
Coolants for machinery
Annual flat fee paid for factory security
Machinery depreciation (straight-line)
Taxes on factory
variable
Lace to hold leather together
Wages of assembly workers
Leather covers for soccer balls
<u>(b) as either direct or indirect</u>
direct
Lace to hold leather together
Wages of assembly workers
Leather covers for soccer balls
indirect
Coolants for machinery
Annual flat fee paid for factory security
Machinery depreciation (straight-line)
Taxes on factory
Explanation:
Fixed Costs are constant for any production level. Variable Costs vary directly with production.
Direct Costs are easily traced to the product manufactured. Indirect costs are not easily traced and they need to be allocated to Products manufactured.
