Business, 16.03.2020 23:28 Reaksomayroth
In 2017, Penelope Parker sold a piece of business machinery that had an adjusted basis to her of $150,000 for $175,000 cash plus artwork that had a fair market value of $25,000. The buyer assumed Penelope's $5,000 loan on the machinery and Penelope paid $2,000 in selling expenses. a. What is the amount of Penelope's realized gain on the sale?b. What is the amount of gain Penelope recognizes on the sale?
Answers: 1
Business, 22.06.2019 11:50
What is marketing’s contribution to the new product development team? a. technical expertise needed to translate designs into an actual product/service. b. deep customer insight that leads to product ideas. c. ability to assess financial viability d. feedback on design as well as how customers will actually use the product e. technical expertise needed to translate concepts into product/service designs.
Answers: 2
Business, 22.06.2019 13:30
Presented below is information for annie company for the month of march 2018. cost of goods sold $245,000 rent expense $ 36,000 freight-out 7,000 sales discounts 8,000 insurance expense 5,000 sales returns and allowances 11,000 salaries and wages expense 63,000 sales revenue 410,000 instructions prepare the income statement.
Answers: 2
Business, 23.06.2019 04:00
Asmall company has 10,000 shares. joan owns 200 of these shares. the company decided to split its shares. what is joan's ownership percentage after the split
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In 2017, Penelope Parker sold a piece of business machinery that had an adjusted basis to her of $15...
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