Answer:
F. None of The Above
Explanation:
Real property located in the United States exchanged for foreign real property (and vice versa) does not qualify as like-kind property.
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Answer:
The stock price is $37.16
Explanation:
Dividend Valuation method is used to value the stock price of a company based on the dividend paid, its growth rate and rate of return. The price is calculated by calculating present value of future dividend payment.
Formula to calculate the value of stock
Price = Dividend / ( Rate or return - growth rate )
Price = $3.27 / ( 12.2% - 3.4% )
Price = $3.27 / 12.2% - 3.4%
Price = $3.27 / 8.8%
Price = $37.16
Answer:
True
Explanation:
The board as described, refers to the group formed of all the directors, in a company.
Out of all the directors, one individual is selected to lead the group called Chairman.
Further, a designation called Chief Executive Officer is provided to an individual, who is held as one among the key members of the company.
But that person is below the directors, and is appointed through directors.
Answer:
Fuel is an expense and the fact that it was not paid off immediately means that it is an amount owed to Western Oil thereby making it an Accounts Payable.
Journal entry is:
Date Account title and Description Debit Credit
Fuel Expense $4,360
Accounts Payable $4,360
