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2 years ago

If you sell all of the capacity on a production line, inventory from that line is sold at:

1 answer:

7 0

Had to look for the options and here is my answer.
What happens when all of the capacity on a product line is being sold is that, the inventory from that line will be sold at HALF OF THE PRICE OR VALUE AS IT IS REFLECTED ON THE RECORDS OF ACCOUNTING DEPARTMENT. Hope this answer helps.

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The City of Matthews has been given a $1,000,000 gift that is restricted by the donor, Rebecca Smith. Ms. Smith’s gift agreement

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Answer:

It is called A PERMANENT FUND.

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3 years ago

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2 years ago

Read 2 more answers

The sticky-wage theory of the short-run aggregate supply curve says that the quantity of output firms supply will increase if

nignag [31]

Answer:

a.the price level is higher than expected making production more profitable.

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2 years ago

Sadie sold 10 shares of stock to her brother, George, for $500 16 months ago. Sadie had purchased the stock for $600 two years e

wlad13 [49]

Answer:

there is gain and receive is $100 long term gain

Explanation:

given data

Sadie sold = 10 shares

Sadie sold shares of stock = $500

time = 16 year ago

Sadie purchased the stock = $600

time = 2 year earlier

George sells stock = $700

to find out

amount and character of his recognized gain or loss in the current year

solution

we know that George receives dual basis in the stock

his loss = $600 - $500 = $100

and

if we consider stock is sold at a gain

then George receives a carryover basis = $600

and

if we consider stock is sold at a loss

then George receives = $500

also here his sister basis and holding period is transfer to her brother

so we can say there is gain

and receive is = proceed - carryover basis

receive is = $700 - $600

receive is $100 long term gain

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2 years ago

A company’s financial records at the end of the year included the following amounts: Cash $ 70,600 Accounts Receivable 28,600 Su

Artyom0805 [142]

Answer:

5678

Explanation:

45678

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2 years ago