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ICE Princess25 [194]
2 years ago
3

On February 5, McCracken Co. purchases 25 percent of Bradley Company common stock at a total cost of $90,000. Complete the neces

sary adjusting entry.
Business
1 answer:
jenyasd209 [6]2 years ago
5 0

Answer:

February 5

Dr. Investment in Equity Shares $90,000

Cr. Cash                                       $90,000

Explanation:

25% Share purchased of a company is an investment in that company which will have some return in the form of dividend and Price appreciation as well. Investment is an asset for the company, so increase in asset requires a debit entry due to the debit nature of asset accounts. and cash is paid which is also an asset and decrease in it will be recorded as the credit entry in it.

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A beneficiary acquired stock from a decedent. The stock's fair market value at the date of the decedent's death was $500,000. Th
Ivanshal [37]

Answer:

Beneficiary recognized gain is $510000.

Explanation:

The amount paid by the decedent for the stock = $280000

The market value of the stock at the time of death = $500000

The selling price or the amount received by the beneficiary by the sell of stock = $510000

Since the recognized gain is calculated by subtracting the amount paid by the person to buy the stock from the amount that he receives from the sale of stock. But in this case, the beneficiary pays zero for the stock but gets all the money after selling.

Beneficiary recognized gain = amount received from the sell – the amount paid by the beneficiary.

= $510000 – 0

= $510000

7 0
2 years ago
In the case of dormant cracks wider than about 1m, it is more economical to use ____________
Bad White [126]

Answer:

B. Grouting

Explanation:

These are the options for the question;

A. Epoxy resin

B. Grouting

C. Tensioning

D. Ranging

In the case of dormant cracks wider than about 1m, it is more economical to use grouting method.

Grouting techniques is a techniques that is achieved by removal of dirt or unwanted substance from the crack of the the faulty part and then grouting of the crack after which the surface is sealed by sealants. It should be noted that grouting is economical than other methods such as surface treatment.

8 0
2 years ago
In two or three sentences, describe the labor market.
Gelneren [198K]
I think the labor market is the nominal market in which workers find paying work, employers find willing workers, and wage rates are determined. 
3 0
2 years ago
Read 2 more answers
XYZ Publisher can produce 200 books in a standard 8-hour day. It uses 5 employees. The average labor cost is $25/hour. A book re
Elza [17]

Answer:

C) 1.5

Explanation:

multifactor productivity

= total revenue per day/total cost per day

= (30*200)/[(5*8*25)+(15*200)]

= 6000/4000

= 1.5

Therefore, The multifactor productivity is 1.5

4 0
2 years ago
GoAir, a low-cost airline, has created a team made up of employees from production, planning, quality control, tooling, design e
Luden [163]

Answer:

Cross-functional

Explanation:

The cross-functional work teams are made up of members from different departments to carry out a project or to solve a problem.

7 0
2 years ago
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