Answers

IK

Answered

The value added method to measure GDP does not avoid double counting.

On May 07, 2024


False
IK

Answered

Claudia invested $50,000 cash in the C&S General Partnership and received a 20% interest.The partnership borrowed $200,000 of full recourse debt from a local bank.Assuming that Claudia is personally liable for $40,000 if the partnership defaults on the loan,what is Claudia's at-risk amount before considering any partnership income or loss?

A) $0.
B) $40,000.
C) $50,000.
D) $90,000.

On May 07, 2024


D
IK

Answered

Costner's Market recorded the following events involving a recent purchase of merchandise: Received goods for $40000 terms 2/10 n/30.
Returned $800 of the shipment for credit.
Paid $200 freight on the shipment.
Paid the invoice within the discount period.
As a result of these events the company's inventory

A) increased by $38416.
B) increased by $38612.
C) increased by $38616.
D) increased by $39400.

On May 06, 2024


C