FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bernstein invests office equipment with a fair market value of $62,000, delivery equipment with a fair market value of $75,000 and cath of $30.000. He

image text in transcribed
Bernstein invests office equipment with a fair market value of $62,000, delivery equipment with a fair market value of $75,000 and cath of $30.000. He owes $27.000, represented by a note on the delivery equipment. The amount of Bernsteins capital would be $30.000 $107.000 $140.000 $137.000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Process Driven Comprehensive Auditing A New Way To Conduct ISO 9001 2008 Internal Audits

Process Driven Comprehensive Auditing A New Way To Conduct ISO 9001 2008 Internal Audits

Authors: Paul C. Palmes

2nd Edition

0873897544, 978-0873897549

More Books

Students also viewed these Accounting questions

Question

★★★★★
The perfectly competitive model is not very useful for managers because very few markets in the U.S. economy are perfectly competitive." Do you agree with this statement? Explain. Regardless of...

Answered: 1 week ago

Question

★★★★★
Based on the USALI, payroll and related expenses as shown on the income statement include: a fringe benefits b payroll taxes c salaries and wages d all of the above

Answered: 1 week ago

Question

★★★★★
8.117 Specific Gravity If 36 measurements of the specific gravity of aluminum had a mean of 2.705 and a standard deviation of 0.028, construct a 98% confidence interval for the actual specific...

Answered: 1 week ago

Question

★★★★★
Myers Company Ltd. was formed 10 years ago by the issuance of 34,000 common shares to three shareholders. Four years later, the company went public and issued an additional 30,000 common shares. The...

Answered: 1 week ago

Question

★★★★★
Match the concepts to their descriptions Concurrency Virtualization Persistence

Answered: 1 week ago

Question

★★★★★
Choose the correct sentence. A. Matt's car ride low to the ground. B. Matt's car rade low to the ground. C. Matt's car rides low to the ground. D. Matt's car are rides low to the ground

Answered: 1 week ago

Question

★★★★★
A gift shop sells 400 boxes of scented candles a year. The ordering cost is \($60\) for scented candles, and holding cost is \($24\) per box per year. What is the minimum annual amount of these...

Answered: 1 week ago

Question

★★★★★
A car rental agency uses 96 boxes of staples a year. The boxes cost \($4\) each. It costs \($10\) to order staples, and it costs \($0.80\) to hold a box of staples in inventory for 1 year. How many...

Answered: 1 week ago

Question

★★★★★
How do you add two harmonic motions having different frequencies?

Answered: 1 week ago

Question

★★★★★
Pablo, Dirk and Franz run the only bar in town. Pablo wants to sell as many drinks as possible without losing money. Dirk wants the bar to bring in as much revenue as possible. Franz wants to make...

Answered: 1 week ago

Question

★★★★★
Continue with the gamma model of Exercise 5-2. (a) Show that \(\partial Q_{N}(\boldsymbol{\beta}) / \partial \boldsymbol{\beta}=\boldsymbol{N}^{-1} \sum_{i} 2\left[\left(y_{i}-\exp...

Answered: 1 week ago

Question

★★★★★
(Appendices) Courtney, age 22, is a junior at a large midwestern university. In late March, she filed applications for summer jobs with three companies. However, she does not want to start work until...

Answered: 1 week ago

Question

★★★★★
(Appendices) The Unemployment Insurance Modernization Act was included in the fiscal stimulus package of early 2009. The act was designed to modernize and make corrections to serious defects found in...

Answered: 1 week ago

Question

★★★★★
(Appendices) Kelly, age 35, spends most of her time at home taking care of her home and children. However, she works all day Friday and Saturday in her husbands computer store. She receives no...

Answered: 1 week ago

Previous Question Next Question