When proprietors decide to combine their business and form a partnership, gaap usually requires that non cash assets be taken over at : C. fair market vale
The data will be used to calculate the percentages of ownership of each combined companies
hope this helps
Answer:
b. the Federal Reserve System.
Explanation:
Initial margin refers to the deposit made by an investor with a broker, in order to open a margin account. The purpose of initial margin is security and collateral to ensure enough availability of cash in the trading account of the investor.
For instance an investor wants to purchase 4000 shares priced at 15$. In this case, he is supposed to deposit 50% of $60,000 i.e $30,000. The remaining $30,000 is contributed by the brokerage firm, regarded as borrowings on which the investor pays interest.
The initial margin limit is fixed by the Federal Reserve System.
Answer:
c. fall primarily on employees
Explanation:
As the demand for labor is elasticc (if the business is not profitable will close) while the supply of labor more inelastic (worker had to work to sustain their living standards) the burden of taxation while in fact is assumed to be distributed equally what occurs is that labor is decrease to make the total cost (base wage plus taxes) the amount the employeer are willing to pay for the employee
Explanation:
1. Bad Debt Expense A/c Dr, $11,278
($9,820 + $1,458)
To Allowance for doubtful accounts $11,278
(Being bad debt expenses is recorded)
2. Bad debts A/c $1,283
To Allowance for Doubtful accounts $1,283
(Being uncollectible and wrote off is recorded)
3. Accounts Receivable A/c Dr, $1,283
To Allowance for Accounts receivable $1,283
(Being written off is recorded)
4. Cash A/c Dr, $1,283
To Accounts Receivable $1,283
(Being cash is recorded)
