Answer:
The correct option is B: "The change in Accounts Receivable is a source; The change in Inventory is a use"
Explanation:
However, you will need to look at the asset section as well in order to determine the correct response to this question statement. Depending on how the accounts receivable and inventory changes, you will be able to ascertain which is a source and which is a use. For instance, if the balance in Accounts Receivable and the Inventory has increased, the change is a use. And vice versa.
Answer:
Jacob purchased 10000 shares form Grebe corporation two years ago for $24000
last year Jacob received a non taxable stock dividend of 2000 shares from Grebe corporation
In the current year tax year Jacob sold all stock received as dividend that's 2000 shares for $18000
The gain of the sale of 2000 shares can be calculated by subtracting the basis in the shares from the cost price. the cost of shares = ( $24000 / 12000 ) = $2 per share
profit made from the sales of 2000 shares is calculated as follows ; selling price ( $18000 ) - cost price of 2000 shares ( $2 * 2000) , the profit is $14000 and it is in the long term because the original shares bought has been held for at least 1 year
Explanation:
Jacob purchased 10000 shares form Grebe corporation two years ago for $24000
last year Jacob received a non taxable stock dividend of 2000 shares from Grebe corporation
In the current year tax year Jacob sold all stock received as dividend that's 2000 shares for $18000
The gain of the sale of 2000 shares can be calculated by subtracting the basis in the shares from the cost price. the cost of shares = ( $24000 / 12000 ) = $2 per share
profit made from the sales of 2000 shares is calculated as follows ; selling price ( $18000 ) - cost price of 2000 shares ( $2 * 2000) , the profit is $14000 and it is in the long term because the original shares bought has been held for at least 1 year
Equilibrium is the point where supply meets demand. Look at the table and see where those two columns are the same.
For B. look at the chart and see at 1,50 rent (the first column) the demand is greater than supply or not. If demand is less than supply, there is a surplus. If demand is higher, there is a shortage.
This applies to question C as well. Look at the first column, find the rent, and see if there is more supply or more demand.
Answer:
1. a. Callie =$375,000
b. Neil $25,000
2. Equal
Explanation:
The computation of given question is shown below:-
1. Adjusted Callie contribution = $300,000
Neil contribution = $100,000 × 50%
= $75,000
Callie basis in partnership interest after the formation = $300,000 + $75,000
= $375,000
Adjusted Neil contribution = $100,000
Neil contribution = $100,000 × 50%
= $75,000
Neil basis in partnership interest after the formation = $375,000 - $75,000
= $25,000
2. Equal or in Profit-Loss Sharing Ratio
In the profit - loss sharing ratio or equal when debt is allocated between the two partners
