Wonder purchased one-half of darwin's interest in the todd and darwin partnership for $50,000. prior to the investment, land was revalued to a market value of $175,000 from a book value of $100,000. todd and darwin share net income equally. darwin had a capital balance of $40,000 prior to these transactions. required:

a. provide the journal entry for the revaluation of land.*

b. provide the journal entry to admit wonder.* *refer to the chart of accounts for exact wording of account titles.

Elon musk is the ceo of tesla motors. musk also serves as chairman of tesla's board. according to corporate governance theory, which of the following is a logical reason why musk should serve on the board? 1. he serves on many other boards, including that of a major client of tesla.2. his is an independent director who is well positioned to monitor the company's management.3. he can easily fire board members that are shirking their duties.4. he can provide the board with valuable inside information about the firm and the industry.

Select the correct answer. sarah works in a coffee house where she is responsible for keying in customer orders. a customer orders snacks and coffee, but later, cancels th snacks, saying she wants only coffee. at the end of the day, sarah finds that there is a mismatch in the snack items ordered. which term suggest data has been violated? a. security b. integrity c. adding d. reliability e. reporting

Abond purchased for $950 was sold for $980 after one year. the interest received during the year is $25. the bond's yield is: