Answer: See explanation
Explanation:
a. For every Peep, 3 Mike and Ikes can be produced
b. Check the attachment
c. An efficient production point is (on the) production possibility curve.
An inefficient production point is (inside) the production possibility curve.
An impossible point is (outside) the production possibility curve.
d. If if JustBorn candies developed a technology that increased productivity by one third for both products, then there will be a shift in the production possibility frontier outwards.
Answer:
c. goodwill is not amortized
Explanation:
The answer to this question is simply option c. Goodwill is not amortized
The reason for this is that the goodwill is accrued as a result of an entity paying more for an asset they acquired than what is supposed to be their fair value, putting its brand value into consideration. The Amortization of Goodwill is not something that is permitted . In order for a better accounting, the valuation of goodwill of entity should be done yearly so as to determine an impairment whenever it is required.
Answer:
1 $65,000
2 $18,000
3 $47,000
4 $50,000
Explanation:
1. Cash flow from Assets = $65,000
2. Cash flow to Shareholders = Dividend = $18,000
3. Cash flow to Creditors = $47,000
4. Net new long term debt = $50,000
Please find attached explanations to the answers above.
140000x-14000 to at time of sale this is a step to help you
Answer:
a) If Goshawk is a proprietorship, only $21000 long-term capital loss can be deducted in the current year. The remaining $19000 net capital loss is carried forward and then carried back
b) If Goshawk is a C corporation, only $ 18000 long-term capital loss can be deducted in the current year. The remaining $22000 net capital loss is carried back and then forward of Item 2.
Explanation:
The gain or loss on the sale of a property is said to be the difference between between the realized value of goods and its adjusted basis. When there is a gain the realized value would be greater than the adjusted basis, while when there's loss the realized value would be less than the adjusted basis.
A) In this case, if Goshawk is a proprietorship, only $21,000 of the $40,000 long-term capital loss can be deducted in the current year. The loss will offset the short-term capital gain of $18,000 first; then, an additional $3,000 of the loss may be utilized as a deduction against ordinary income. The remaining $19,000 net capital loss is carried forward to next year and years thereafter until completely deducted. The capital loss carryover retains its character as long term.
B) If Goshawk is a C corporation, $18,000 short term capital gain can be set off for long term capital loss. Then the remaining $22,000($40,000 - $18,000) will be carried backwards