Colorado General Assembly.
Answer:
See explain
Explanation:
There are 4 factors of production, land labor entreprenuership and capital.
The land of the jewellery shop would be the actual land that the store is on itself. The labor of the shop would be any of the work that any employees are doing. The capital would be any goods or machinery that is used in the store like cash registers, or bulletproof glass to protect their belongings, or any tools that the store uses to help make their jewellery etc. The last and final factor entrepreneurship might be for example the owner of the store, who manages the other 3 factors to bring a profit to the store.
1) Partnership. Nick Selver and Rita Andrew began the company as a partnership.
2) partners: This word best describes the interest-holding people in a partnership
3) Incorporate: This word best describes converting the partnership to a corporation in order to democratize ownership of the company and sell stock publicly
4) Stock Market: This is the market in which shares of a public company are traded on the open market.
Answer:
(a) $170,000
(b) $80,000
Explanation:
(a) The amount and character of Luke's recognized gain or loss on the building:
= (Fair market value - cost to built) + Depreciation expense
= ($325,000 - $200,000) + $45,000
= $170,000
(b) The amount and character of Luke's recognized gain or loss on Land:
= (Fair market value - Purchasing cost
= (210,000 - 130,000)
= $80,000
