1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
alina1380 [7]
3 years ago
11

Fontaine and Monroe are forming a partnership. Fontaine invests a building that has a market value of $356,000; the partnership

assumes responsibility for a $128,000 note secured by a mortgage on the property. Monroe invests $103,000 in cash and equipment that has a market value of $78,000. For the partnership, the amounts recorded for the building and for Fontaine's Capital account are:_______.
a. Building $356,000; Fontaine, Capital $309,000.
b. Building $356,000; Fontaine, Capital $356,000.
c. Building $228,000; Fontaine, Capital $128,000.
d. Building $228,000; Fontaine, Capital $228,000.
e. Building $356,000; Fontaine, Capital $228,000.
Business
1 answer:
Lubov Fominskaja [6]3 years ago
5 0

Answer: e. Building $356,000; Fontaine, Capital $228,000.

Explanation:

The company would record the building which Fontaine brought in at its Market value which is $356,000.

However, because the partnership assumes responsibility for a $128,000 note secured by a mortgage on the property, this cannot be counted as a capital contribution from Fontaine so this will be removed from their capital contribution;

= 356,000 - 128,000

= $228,000

You might be interested in
Why can’t businesses afford all of the factors of production all of the time?
gtnhenbr [62]

Answer:

ptaa ni...xdxdxdxdxd

6 0
2 years ago
Read 2 more answers
Company Z is a U.S. company that is the first in this country to produce a good that is already produced in many foreign countri
lina2011 [118]

Answer:

Infant industry.

Explanation:

In this scenario, Company Z is a U.S. company that is the first in this country to produce a good that is already produced in many foreign countries and sold in the United States. Most likely, the argument it will voice in its attempt to be protected from foreign competition is the infant industry argument.

An infant industry can be defined as an industry that is still in its early stages of development and as such are not capable of competing with foreign companies.

<em>Hence, according to the infant industry theory the argument would be that infant industries should be offered some kind of protection from competitors in other industries either foreign or local until they mature and develop a good and reputable economies of scale. </em>

6 0
3 years ago
How does buying a plant asset affect general ledger accounts
Tanzania [10]

Answer:

A plant asset will add to assets and subtract from liabilities.

Explanation:

The general ledger holds all of the information needed to prepare financial statements and includes assets, liabilities, equity, revenue and expenses.

I hope I understood the question and that this helps.

7 0
3 years ago
The executives for New Haus LLC set the retail objective for the company. These objectives are broken down in order to create th
yaroslaw [1]

Answer:

Top-down planning

Explanation:

Top-down planning  -

It refers to the method planning , where the goals are bifurcated and placed according to the hierarchy from top to bottom , is referred to as top - down planning .

As breaking and arranging the goals , make the process to accomplish the goals in a better manner .

The process require the movement from higher level to lower level , in a very orderly manner to hasten the process .

Hence , from the given scenario of the question ,

The correct answer is Top-down planning .

4 0
3 years ago
A software company conducted a study about stress in the workplace for it administrators. which questions result in data that is
Luba_88 [7]

The questions which would result in data that is categorical are:

  1. Is your job as an IT administrator stressful?
  2. What is your biggest source of stress?
  3. How has your job impacted your personal life?
  4. Have you ever considered switching careers because of on-the-job stress?

<h3>What is a numerical data?</h3>

A numerical data is also referred to as a quantitative data and it can be defined as a data set that is primarily expressed in numbers only. This ultimately implies that, a numerical data refers to a data set consisting of numbers rather than words.

<h3>What is a categorical data?</h3>

A categorical data can be defined as a type of statistical data that is used to group information that are having the same attributes or characteristics.

In Science, some examples of a categorical data include the following:

  • Age
  • Gender
  • Race
  • Religion
  • Class

In conclusion we can infer and logically deduce that the questions above would result in data that is categorical.

Read more on categorical data here: brainly.com/question/20038845

#SPJ1

7 0
1 year ago
Other questions:
  • Terapin Company engages in the following external transactions for November.
    8·1 answer
  • Katherine gives piano lessons for $15 per hour. She also grows flowers, which she arranges and sells at the local farmer's marke
    13·1 answer
  • 2 economy questions ..
    8·1 answer
  • Which type of bank account is most likely to pay you interest on the money in the account?
    12·1 answer
  • Judy Billows, owner of Billows Manufacturing has called a meeting with her department heads. She presents last year's contributi
    9·2 answers
  • The rise in the number of mini-multinationals means that Group of answer choices there is greater state involvement in industry.
    11·1 answer
  • Imagine that two goods are available to you: servants (X) and robots (Y). You like servants three times as much as robots. If yo
    6·1 answer
  • Ask me anything ‍♂️ I’m bored
    13·2 answers
  • Identify 3 advantage of sales promotion
    14·1 answer
  • At the end of January of the current year, the records of NewRidge Company showed the following for a particular item that sold
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!