Answer:
$12,000
Explanation:
The amount of a gain or loss on realization is the difference between the sum of capital balances of partners and cash balance after settling all liabilities.
Total capital balances = $30,000 + $20,000 = $50,000
Total loss = Cash balance - Total capital balances = $38,000 - $50,000 = $12,000 loss.
Therefore, the amount of loss on realization is $12,000.
Answer:
Base Operating Supply System
Explanation:
lol
Answer:
there not really my style! but i say #1 :) have a great day gorgeous.
Explanation:
Answer:
$1,113 ; $477
Explanation:
The computation of the allocation of premium for the three years is shown below:
For product cost, it is
= Premium for the three years × given percentage ÷ number of years
= $4,770 × 70% ÷ 3
= $1,113
And, for the period cost, it is
= Premium for the three years × given percentage ÷ number of years
= $4,770 × 30% ÷ 3
= $477
The period cost is mainly deals with the selling and administrative activities while the product cost is deals with the manufacturing operations
<u>Answer:</u>
<em>Elements of the binding agreement include; </em>
<em>(c) Agreement, consideration, contractual capacity, and a legal object
</em>
<em></em>
<u>Explanation:</u>
The essential elements required for the transaction to be a lawfully enforceable agreement are common consent, communicated by a substantial offer and acknowledgment; sufficient thought; limit; and lawfulness.
Agreements emerge when an obligation appears, given a guarantee established by parties. To be legitimately official as an agreement, a warranty must be traded for sufficient thought. There are two distinct speculations or meanings of the idea: "Bargain Theory of Consideration" and "Benefit-Detriment hypothesis of view".