Business, 11.03.2020 22:54 squirrel6875
Three years ago, Marshall purchased an automobile for personal purposes for $38,000. In 2019, he contributes the automobile to his business. At the time of the contribution the automobile was appraised for $22,000.
The basis of the cost recovery for the automobile is .
Answers: 2
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Greater concern for innovation and quality has shifted the job trend to using more broadly defined jobs. t/f
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Compare the sources of consumer credit(there's not just one answer)1. consumers use a prearranged loan using special checks2. consumers use cards with no interest and non -revolving balances3. consumers pay off debt and credit is automatically renewed4. consumers take out a loan with a repayment date and have a specific purposea. travel and entertainment creditb. revolving check creditc. closed-end creditd. revolving credit
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Evan company reports net income of $232,000 each year and declares an annual cash dividend of $100,000. the company holds net assets of $2,130,000 on january 1, 2017. on that date, shalina purchases 40 percent of evan's outstanding common stock for $1,066,000, which gives it the ability to significantly influence evan. at the purchase date, the excess of shalina’s cost over its proportionate share of evan’s book value was assigned to goodwill. on december 31, 2019, what is the investment in evan company balance (equity method) in shalina’s financial records?
Answers: 2
Three years ago, Marshall purchased an automobile for personal purposes for $38,000. In 2019, he con...
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