Answer:
c. Kena recognizes a gain of $30,000
Explanation:
cash 650,000 debit
land 250,000 credit
gain at disposal 350,000 credit
liabilities 500,000 debit
cash 500,000 credit
Then, the company will close all account and leave kena account with a capital of 150,000 to mathc the remaining 150,000 cash
as her basis is 120,000 there will be a gain for 30,000
Answer:
Marketing only occurs when two or more parties are willing to exchange one thing for another thing.
Explanation:
It is understood that marketing only occurs when two or more parties are willing to exchange one thing for another thing.
The type of job evaluation that is done if Harriet is hoping to move from grade 8 to 10 is known as job ranking.
Job ranking can be described as a type of classification that is based on the value or the hierarchy of a person in an organization.
All the jobs in the company are ranked based on their worth and the employees are placed on the grade based on their value.
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Answer:
False
Explanation:
In the case when the tax burden increased so the role of the auditor is to audit the financial statements of the company and based on this they given the opinion that could be either favorable or unfavorable also they look into the operational effectiveness and efficiency but the role of the auditor is not increasingly important as for the tax purpose the tax accountant should be considered such as Chartered accountant, etc