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2 years ago

Which best explains what a credit score represents?

Business

1 answer:

viktelen [127]2 years ago

5 0

It's an indication of how promptly you pay off your debts.

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Jed Castanza transfers $90,000 of cash to the JN partnership for a 60 percent interest in the JN partnership. Ned transfers a bu

mojhsa [17]

Answer:

Their basis will be 90,000 for Mr Castanza

and 60,000 for Ned

Also Ned will recognize a capital gain for 70,000 when performing the transfer of the property. As his adjusted basis is 30,000 while the property value is 100,000

Explanation:

Mr Castanza

90,000 = 60%

Ned

100,000 - 40,000 = 60,000 = 40%

Total capital

90,000 + 60,000 = 150,000 = 100%

Check for difference:

90,000/150,000 x 60% = 90,000

60,000/150,000 x 40% = 60,000

Their basis will be 90,000 for Mr Castanza

and 60,000 for Ned

Also Ned will recognize a capital gain for 70,000 when performing the transfer of the property. As his adjustedbasis is 30,000 while the property value is 100,000

8 0

2 years ago

At the end of the current year, the accountant for Navistar Graphics forgot to make an adjusting entry to accrue Wages payable t

solniwko [45]

Answer: The correct answer is A). Net income is overstated.

Explanation: Net income is equal to Income less expenses. When an accrued expense is not recognised it results in an understated expense which in turn leads to an overstated net income.

Wages payable is a liability. An omission of such a liability means that wages expenses is also omitted.

3 0

2 years ago

At the end of the month, you have only $10 left in your checking account. You deposit your $200 paycheck from your part-time wa

Anuta_ua [19.1K]

Answer:

the money left in your account is $ 460 because you deducted $ 50

Explanation:

7 0

2 years ago

Maksim231197 [3]

The approach is best demonstrated by Free Enterprise

Let understand that Free Enterprise is a system where there are full freedom for individuals and businesses. This system brings economic growth because its encourages entrepreneurs to start new businesses and take risks.

A laissez-faire economy system, notable a theory developed by the French creates the philosophy of giving businesses more autonomy from government rules and regulations

This economy system makes its easier for companies to take risks and invest in the economy.

Learn more about laissez-faire

brainly.com/question/18499612

3 0

2 years ago

What would $250000 make per year in a savings account?

Mumz [18]

It would make you $7,500

because banks usually pay a person $0.03 for every dollar

250,000 times .03 equals 7,500

6 0

2 years ago