Business, 03.06.2020 05:57 emilyplays474
Concord County owned an idle parcel of real estate consisting of land and a factory building. Concord gave title to this realty to Pharoah Company as an incentive for Pharoah to establish manufacturing operations in the County. Pharoah paid nothing for this realty, which had a fair value of $230000 at the date of the grant. Pharoah should record this nonmonetary transaction as a:
a. Credit to Contribution Revenue for $280000
b. Memo entry only
c. Credit to Donated Capital for $280000.
d. Credit to Comprehensive Income for $280000.
Answers: 1
Business, 22.06.2019 01:30
Iam trying to get more members on my blog. how do i do that?
Answers: 2
Business, 22.06.2019 07:00
Pennewell publishing inc. (pp) is a zero growth company. it currently has zero debt and its earnings before interest and taxes (ebit) are $80,000. pp's current cost of equity is 10%, and its tax rate is 40%. the firm has 10,000 shares of common stock outstanding selling at a price per share of $48.00. refer to the data for pennewell publishing inc. (pp). pp is considering changing its capital structure to one with 30% debt and 70% equity, based on market values. the debt would have an interest rate of 8%. the new funds would be used to repurchase stock. it is estimated that the increase in risk resulting from the added leverage would cause the required rate of return on equity to rise to 12%. if this plan were carried out, what would be pp's new value of operations? a. $484,359 b. $521,173 c. $584,653 d. $560,748 e. $487,805
Answers: 1
Business, 22.06.2019 23:40
John has been working as a tutor for $300 a semester. when the university raises the price it pays tutors to $400, jasmine enters the market and begins tutoring as well. how much does producer surplus rise as a result of this price increase?
Answers: 1
Business, 23.06.2019 03:00
Why is the type of product sold in an industry an important characteristic? a firm that can differentiate its product from that of rivals may be able to charge a higher price for a superior product. a firm that sells intangible goods is usually considered a monopoly. service industries cannot differentiate their products, which makes it easy for new firms to enter the industry. expensive products are usually sold by perfectly competitive firms.
Answers: 2
Concord County owned an idle parcel of real estate consisting of land and a factory building. Concor...
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