Answer:
correct option is c) with prompt notice.
Explanation:
solution
Shuster lease by Thurgood for pay certain fee so the tenant can rescind the with prompt notice because Shuster is overcharge without the any explanation its mean that Thurgood is not performing his any duty rightly
so that Shuster is entitle to the withdraw an contract
correct option is c) with prompt notice.
Answer:
Capital gain $24,900
Explanation:
Jonas's Stock basis $33,200
Less $8,300
Capital gain $24,900
$24,900 cash distribution - Net share of Ard's taxable income $16,600= $8,300
Therefore Jonas's recognized capital gain
of $24,900
Answer:
Credit of $80,000
Explanation:
Big-Mouth Frog Corporation Calculation for Retained earnings
Using this formula
Retained earnings =Revenue- Expenses
Where,
Revenue =$200,000
Expenses =$180,000
Let plug in the formula
Retained earnings =$200,000-$180,000
Retained earnings =$80,000
Therefore when the Income Summary is closed to Retained Earnings, the amount of the credit to Retained Earnings will be $80,000
I would say that Dan should learn how to type with a keyboard instead of by hand as I know that with practice one can learn to type quite fast and with a keyboard one doesn't need to worry about writing neatly or legibly since all the letters and numbers are pre-determined and always the same.
Answer:
<em>Retained Earnings = 109,909</em>
Explanation:
![\left[\begin{array}{cccc}cash&25,135&AP&67,855\\AR&43,758&NP&36,454\\inventory&172,500&Long-term&222,300\\fixed \:assets&332,300&Common\: Stock&150,000\\other \: assets&13,125&RE&110,209\\Total Assets&586,818&Total L+E&586,818\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7Dcash%2625%2C135%26AP%2667%2C855%5C%5CAR%2643%2C758%26NP%2636%2C454%5C%5Cinventory%26172%2C500%26Long-term%26222%2C300%5C%5Cfixed%20%5C%3Aassets%26332%2C300%26Common%5C%3A%20Stock%26150%2C000%5C%5Cother%20%5C%3A%20assets%2613%2C125%26RE%26110%2C209%5C%5CTotal%20Assets%26586%2C818%26Total%20L%2BE%26586%2C818%5C%5C%5Cend%7Barray%7D%5Cright%5D)
<u>First </u>
We add all the assets together. 586,818
<u>Then</u>
we add the lliabilities and common stock. 476,909
<u>Finally</u>
We use the accounting equation to solve for RE
Assets = Liab + Equity
586,818 = sum of liab and equity accounts
we know that all the accounts, except RE add to 476,909
586,818 = 476,909 + RE
586,818 - 476,909 = RE
RE = 109,909
