Answer:
$0 Gain or Loss
Explanation:
Given that,
Original cost of the equipment = $100,000
Accumulated depreciation on the equipment = $40,000
Book value of the equipment:
= Original cost of the equipment - Accumulated depreciation on the equipment
= $100,000 - $40,000
= $60,000
Gain/Loss = Sale value - Book value of the equipment
= $60,000 - $60,000
= $0
Therefore, the company should recognize a $0 Gain or Loss.
Answer:
well l'm not on instagram
Explanation:
The journal entry is as follows:
Land Dr $70,000
Additional paid in capital $5,000
To Common stock $75,000
(Being the common stock is issued in exchanged for cash)
The computation of the additional paid in capital is shown below:
= Common stock - the appraised value of land
where,
The common stock = 750 shares × $100 = $75,000
And, the appraised value of land is $70,000
So, the remaining balance is
= $75,000 - $70,000
= $5,000
The $5,000 would be recorded as an additional paid in capital
Options:
<em>a. Shift to the left, causing the prices of carrots to rise</em>
<em>b. Shift to the left, causing the prices of carrots to fall</em>
<em>c. Stay the same</em>
<em>d. The supply curve does not shift. Only the demand curve shifts.</em>
<u>Answer:</u>
<u>a. Shift to the left, causing the prices of carrots to rise</u>
<u>Explanation:</u>
Indeed, going by the law of supply and holding all other factors constant, we would expect the supply curve to shift to the left, which implies that there would be an increase in the price of carrots.
What this means is that because there are now fewer carrots in the market as a result of the effects of the bad weather, there would be scarcity and so sellers would increase prices.
Answer and explanation:
As their name describes, <em>nonprofit entities</em> are organizations whose main plan is not to have revenues out of their operations. They usually provide social services to different sectors of the population and can handle their operations mainly thanks to charity and donations. While making their budgets, these organizations cannot estimate their revenues since they cannot take donations for granted. Instead, they estimate their expenses since they will be incurred for sure.
