contributes land with a basis of $90,000 and a fair market value of $270,000, and Rasp contributes cash of $270,000. Straw and Rasp share profits and losses equally. When the land is sold two years later for $450,000, Straw must recognize a gain of how much

If you were advising a north dakota company about its selection process, would you advise it to relax its selection criteria during the oil boom? why or why not?

Braverman company has two manufacturing departments—finishing and fabrication. the predetermined overhead rates in finishing and fabrication are $18.00 per direct labor-hour and 110% of direct materials cost, respectively. the company’s direct labor wage rate is $16.00 per hour. the following information pertains to job 700: finishing fabrication direct materials $ 410 $ 60 direct labor $ 128 $ 48 required: 1. what is the total manufacturing cost assigned to job 700? 2. if job 700 consists of 15 units, what is the unit product cost for this job?

When an interest-bearing note comes due and is uncollectible, the journal entry includes debitingaccounts receivable and crediting notes receivable and interest revenue.accounts receivable and crediting interest revenue.notes receivable and crediting accounts receivable and interest revenue.notes receivable and crediting accounts receivable.