What is andrea gain or loss realized

Assignment Help Accounting Basics
Reference no: EM131894834

Question - Andrea sold a piece of machinery she used in her business for 9 months. The amount realized was $50,000 and the adjusted balance was $55,000. What is Andrea's gain or loss realized and what is the character of the gain or loss?

Reference no: EM131894834

Questions Cloud

What business value does the new system provide : New Zealand's state highway network takes drivers through 11,000 kilometres of some of the most beautiful scenery in the world. Transit New Zealand (TNZ).
What were the decision-making criteria of the company : What kinds of decisions were made? What were the decision-making criteria of the company?ow were decisions communicated and to whom?
Overview of noneconomic conditions affecting market : Select a country outside from the G8 Nations, from secondary resources found on the web, compile the following data for at least a 4 year period.
The availability of human resources through succession plan : Interview managers to gain a better understanding of the specific department in which HR decisions are or will be made.
What is andrea gain or loss realized : The amount realized was $50,000 and the adjusted balance was $55,000. What is Andrea's gain or loss realized and what is the character of the gain or loss
Explain why integrated technology has improved : What trade-offs are involved in (a) sharing information with other organizations in a supply chain and (b) the acquisition of information-processing technology?
Processing for internal accounting reporting : 1. In SAP the data processing for internal accounting reporting is carried out by the
Analyze the efficacy of proton bean therapy : A major item debate is the strong push by many within the organization for investment and organizational commitment in a proton beam therapy canter.
Thesis assistance and central ideas outline request : Please assist in explaining why companies use marketing channels and discuss the functions these channels perform.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Crystal arts inc had earnings of 476500 for 2012 the

crystal arts inc. had earnings of 476500 for 2012. the company had 55000 shares of common stock outstanding during the

  Compute eikenberrys 2010 cash receipts from customers

At January 1, 2010, Eikenberry Inc. had accounts receivable of $72,000. At December 31, 2010, accounts receivable is $54,000.

  The socres have a distribution that is approximately normal

Scores on a test have a mean of 71 and the score of 80 falls at the 75th percentile. The socres have a distribution that is approximately normal. Find the score that at the 39th percentile.

  Which of the given is an objective of a systems survey

Which of the given is an objective of a systems survey? Which of these is not a logical procedure that is followed in systems analysis phase of a systems study?

  Gerald englehart industries changed from the

gerald englehart industries changed from the double-declining-balance to the straight-line method in 2015 on all its

  Elle inc has two types of handbags standard and custom the

elle inc. has two types of handbags standard and custom. the controller has decided to use a plant wide overhead rate

  A positive net cash flow from investing activities

A positive net cash flow from investing activities

  Why is user acceptance important

Why is user acceptance important?

  Problem regarding the maintenance fees associated

Are there any maintenance fees associated with the account at either brokerage firm? Now assume that you have a margin account and the balance is $3,000. Calculate the interest rate you would pay if you borrowed money to buy stock.

  Differentiate between the multiple step or single step form

Differentiate between the multiple-step and the single-step forms of the income statement.

  Overapplied to cost of goods sold

Actual manufacturing overhead by year-end totaled $233,000. Rockville adjusts all under- and overapplied to cost of goods sold.

  What is the monthly rental expense

A restaurant pays $10,800 in advance for six months' building rent and recognizes rental expense every month.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd