Answer:
True
Explanation:
The Modigliani Miller approach basically aims at the valuation of company, in which with each component of debt present with corporate taxes involved, the cost of business is reduced and that the value is increased.
As according to that when the taxes are present, the the debt component will only increase the return and value of the business.
Thus, it provides for increasing worth of business through debt utilization.
Answer:
The Correct Answer is A.
"He was appointed as a federal judge".
Explanation:
- William Marbury was appointed a justice of the peace for the District of Columbia by John Adams, however, Marbury did not get his commission papers.
- Marbury petitioned the supreme court to force James Madison to deliver the paper of commission to him.
- James Madison held the role of transmitting appointments and did not approve the Marbury.
- Madison refused to give the commission to Marbury.
Answer:
See below
Explanation:
The cost of land to be included in the balance sheet would not only include the price paid to acquire the land but also include cost or revenue received in the process while also include all activities required to bring the land to the stage in which it may be ready for usage.
With regards to the foregoing, the cost of land to be included in the balance is is
= Cash paid + short term note + legal fee + delinquent taxes + Fees paid to remove old building from the land - sales of materials salvaged from demolition of the building
= $40,000 + $306,000 + $1,665 + $13,100 + $22,500 - $5,200
= $378,065
Therefore, cost of land to be included in the balance sheet is $378,065
Answer:
the installment receivables is $10,000
Explanation:
The computation of the installment receivables is shown below:
installment receivable ($55,000 - $20,000) $35,000
LesS: Deferred gross profit ($55,000 - $30,000) $25,000
Installments Receivable $10,000
hence, the installment receivables is $10,000
The same should be considered and relevant
<span>To calculate the cost of goods sold we use the following formula:
beginning inventory + the cost of goods purchased or manufactured = cost of goods available ending inventory.
Since there was no beginning balance in inventory account and all goods were sold we can assume that cost of goods = total costs for the period.
Adding up all costs for the period comes to $173,000.</span>
