Answer:
a) Assets and stockholders equity will increase
b) Cash will decrease, supplies will increase but assets will remain the same and so will liabilities and stockholders equity because an asset is being exchanged for an asset.
c) Assets and liabilities both will increase.
d) Assets and stockholders equity will increase.
e) Both assets and liabilities will decrease.
Explanation:
a) invested cash in business in exchange for capital stock
In this Transaction cash which is an asset is being added or injected to an asset so the assets of the business will increase. Secondly because cash is being exchanged for capital stock the stockholders equity will increase by the same amount that assets are increasing and this will balance the equation.
b) Cash which is an asset is being used to buy supplies which are also an asset so assets will remain the same and the other side of the equation will also remain the same.
c) Supplies which is an asset is being bought so assets will increase, the supplies are bought on account which is a liability so liability will increase by the same amount.
4) Cash which is an asset is being added to the business so assets will increase and owners equity will increase because now the owners have more capital.
5) Assets will decrease because cash is being used to pay for utilities, liabilities will also decrease because money that was owed is no longer owed now.
Answer:
$34,500
Explanation:
Depreciation is the systematic allocation of the cost of an asset to p/l based on its estimated useful life.
Assets are initially recorded at cost be carried subsequently at the net book value which is the cost less residual or salvage value then divided by the estimated useful life. Mathematically, using the straight line method,
Depreciation = (cost - residual value)/useful life
let the residual value ( which is the estimated value obtainable from the disposal of the asset at the end of its estimated useful life) be p
4000 = (66500 - p)/8
32000 = 66500 - p
p = 66500 - 32000
= $34,500
Answer:
The public debt as a percentage of GDP in the United States, reached its lowest point in recent decades, in 2001, when it represented 54.9% of GDP.
After that year, this indicator began to increase, at first slowly, and from 2007 on very rapidly, propelled in part by the financial crisis. In 2010, the public debt as percentage of GDP was 89.3%.
Answer and Explanation:
The three different areas fo VLOOKup is as follows
1. The Primary key which is used for matching up your data for example, employee id, employee address etc
2. The list of lookup that represents the database i.e employees list who are working in an organization
3. the data which is required to match it or shifting the data
A tax levied on inherited money is known as a/an _______ tax.