Answer:
The corporation must recognize a $10,000 loss.
Explanation:
The last activity that a corporation must perform upon liquidation is to distribute property, assets or cash to its shareholders. The adjusted basis for any property or assets handed out in a complete liquidation is the fair market value of the property or assets.
In this case, the corporation's property had a basis of $40,000 but a fair market value of $30,000, so the distribution was done using the fair market value of $30,000.
When the opportunity cost associated with increasing the production of one good or service in terms of another is constant at every level of production, then the production possibility frontier is Linear.
Opportunity costs address the potential advantages that an individual, financial backer, or business passes up while picking one option over another. Since opportunity costs are inconspicuous by definition, they can be barely noticeable.
Opportunity Costs= Absolute Income - Monetary Benefit.
The Production Possibility Frontier (PPF) is a bend on a chart that shows the potential amounts that can be delivered for two items if both rely on a similarly limited asset for their production. The PPF is additionally alluded to as the creation probability bend.
To learn more about Production Possibility Frontier is linear.
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Answer:
62). Gerard’s contract is voidable at his option while it is entirely executory.
63) based on the circumstances of the case.
Explanation:
62. Note that, under the restatement, Gerard can avoid the contract legally even though he can perform the contract duty. This is because of his mental state.
63. Evidently a minor cannot avoid a contract just because he says he lacks the legal capacity.
Certainly, the decision to accept his claims would be based on the circumstances surrounding the case.
Answer:
debit to Rent Expense for $171
Explanation:
The adjusting entry would be
Rent Expense $171
To Rent expenses payable $171
(Being Rent expense accounted is recorded)
Here the rent expense is debited as it increased the assets and credited the rent expense payable as it also increased the liabilities
Therefore the a option is correct
ANd, the rest of the options would be wrong
This is actually a method used in attitude change. The answer
to this is:
“changing the perceived importance of a specific attribute”
<span>By making “freshness” an important product attribute, what
Pepsi cola inflicts to the customers is a mindset of giving importance to this
attribute since it was being neglected in the past.</span>
