Answer:
S corporation
Explanation:
In the given case, The eagle basis at the closing of the year is 70,000 i.e. $40,000 + $30,000 (50% of $60,000)
In the case when the entity was a general partnership so 50% of $10,000 i.e. $5,000 would be added to the basis of Eagle
So here the type of entity that was formed is S corporation
The same is relevant
Answer:
Cost per unit under variable costing $
Direct material 110
Direct labour 150
Variable manufacturing overhead <u> 75 </u>
Cost per unit <u>335 </u>
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Cost per unit under absorption costing $
Direct material 110
Direct labour 150
Variable manufacturing overhead 75
Fixed manufacturing overhead ($2,700,000/90,000) <u>30</u>
Cost per unit <u>365</u>
Explanation:
In variable costing, cost per unit is calculated by the addition of all variable costs while in absorption costing, fixed manufacturing overhead application rate is added to the variable costs in order to obtain the cost per unit.
Money is a kind of asset in an economy that is castoff to purchase goods and amenities from other people. A commodity is a physical thing that is willingly substitutable with one more item of the same type. Commodity money is a commodity that has intrinsic value. Intrinsic value is the commodity has worth though it is not used as money. So the answer is a woman offers her neighbor a US silver dollar in exchange for a bicycle.
No, the price will rise because more people are competing for the products
Answer:
B) False
Explanation:
Not necessary. Every transactions has two parts recorded as a debit and a credit.
If the purchases of US assets (credit to US capital account, broadly include Treasury bonds, businesses and land) are funded by the sales of goods and services (debit to US current account) then it will push the US balance of payments down.
However, if those purchases are funded by the sales of foreign assets to US investors (debit to US broadly defined capital account), then it will not affect the US BOP negatively. It's the cross ownership of international investors in US assets and US investors in international assets.
