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

Question

1 Approved Answer

estion 36 Parents co sold land to its subsidiary which cost $15,000 for 10,000,during 2019 subsidiary resold the land for 20,000 to third party in

image text in transcribed
estion 36 Parents co sold land to its subsidiary which cost $15,000 for 10,000,during 2019 subsidiary resold the land for 20,000 to third party in 2020 .the realized income reported in 2019 will be? yet wered ked out of 0 Flag question Select one: a. 10,000 loss b. 0 c. 5,000 loss d. 5.000 profit O

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

Frank Woods Business Accounting An Introduction To Financial Accounting

Frank Woods Business Accounting An Introduction To Financial Accounting

Authors: Alan Sangster, Lewis Gordon, Frank Wood

15th Edition

1292365439, 9781292365435

More Books

Students also viewed these Accounting questions

Question

★★★★★
Rivto, Inc. manufactures golf clubs in three models. For the year, the Eagle line has a net loss of $20,000 from sales $200,000, variable expenses $180,000, and fixed expenses $40,000. If the Eagle...

Answered: 1 week ago

Question

★★★★★
1 . 6 ( Data redundancy ) Looking at the Emp _ Name and Emp _ Phone contents in the following figure, what change ( s ) would you recommend? The File Structure \ table [ [ \ table [ [ Proj _ ] , [...

Answered: 1 week ago

Question

★★★★★
Recall the definition of a parallel system connection from Example 3.18. Consider now a parallel system that has n components and assume that each of these components works, independently of others,...

Answered: 1 week ago

Question

★★★★★
(Multiple choice) 1. What is the best defense against consumer fraud? a. Signing up with the national do not call registry. b. Purchasing credit card insurance. c. Educating yourself about credit...

Answered: 1 week ago

Question

★★★★★
Exercise 2-12 Computing Predetermined Overhead Rates and Job Costs [LO2-1, LO2-2, LO2-3] Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on...

Answered: 1 week ago

Question

★★★★★
Using the information in the table below, develop a schedule using Earliest due date, and shortest processing time methods. Determine the average lateness, and average flow time. Based on your...

Answered: 1 week ago

Question

★★★★★
Marcus Johannsson is considering purchasing either a traditional whole life insurance policy or a modified - premium whole life insurance policy. In comparing these two types of policies, Mr ....

Answered: 1 week ago

Question

★★★★★
Case Study: IVEY Publishing Ashmark Corporation: Dealing with a Supply Disruption From the above case study please answer in detailed the below questions with APA references (in-text and citation)...

Answered: 1 week ago

Question

★★★★★
Question 14 of 50 Sally purchases 3 ABC Apr 25 calls at 2.50. The stock is currently selling at 28. What is her maximum loss? A Unlimited B $750 C $450 D $250

Answered: 1 week ago

Question

★★★★★
The time to failure (in hours) for a laser in a cytometry machine is modeled by an exponential distribution with = 0.00004. Round the answers to 3 decimal places. (a) What is the probability that the...

Answered: 1 week ago

Question

★★★★★
Henrik is stopped behind another vehicle at an intersection. The light turns green, and he waits 3-4 seconds before accelerating. Why should he do this? a) It puts adequate following distance between...

Answered: 1 week ago

Question

★★★★★
1 To what extent do you think worker reactions to reward strategies relate to national and organisational culture? Sinoelectronics is a large manufacturer, with over 7,000 employees, producing...

Answered: 1 week ago

Question

★★★★★
1 Which aspects of the approach at John Lewis might be exported to companies with different business models? The John Lewis Partnership is a well- known retailer in the UK. Staff are partners in the...

Answered: 1 week ago

Question

★★★★★
=+Part 4 Start by creating a strictly transit-oriented campaign. Consider using: Taxi cabs: outside top of cabs; inside. Bus: sides; benches; shelters. Subways: interiors; exteriors; platforms....

Answered: 1 week ago

Previous Question Next Question