Answer:
Stock holder's equity = cash + accounts receivable + supplies + land - accounts payable
Stock holder's equity = $10,576 + $8,187 + $1,909 + $24,711 - $5,643
Stock holder's equity = $39,740
DVM, On of the current yes, these and abilities of John Won of the current ar
On July 1 of the current year, the assets and liabilities of John Wong, DVM, are as follows: Cash, $10,927, Accounts Receivable, $8,456; Supplies, $1,827; Land, $24,652; Accounts Payable, 55,972. What is the amount of stockholders' equity as of July 1 of the current year?
CengageNOWV2 Online te X - 0 Calculator Print Item On July 1 of the current year, the assets and liabilities of John Wong, DVM, are as follows: Cash, $10,046 Accounts Receivable, $8.814 Supplies, $1.958 Land, $24,067 Accounts Payable, $5,928. What is the amount of owner's equity (John Wong's capital) as of July 1 of the current year?
Briefly explain how Polynesians used stick charts. English cabinet maker John Harrison won the longitude prize for making a really good (choose one): (a) clock (b) sextant (c) map (d) ship There are 24 GPS satellites. A ship needs data from at least ____ satellites to get its position.
11. In 2018, John earned $50,000 working as an employee, and won $5,000 in a state lottery. Also in 2018, John spent $400 for the purchase of lottery tickets. John elected the standard deduction on his 2018 income tax return. The amount of lottery winnings that should be included in John’s 2018 taxable income is: A. $0. B. $4,600. C. $5,000. 12. The standard deduction for married taxpayers filing jointly in 2018 is: A. $24,000. B. $18,000. C. $12,000. 13....
True/False/Explain. The annual interest rate on South Korean won currency deposits is 4%, the current won/dollar exchange rate is W1100/$1 and the expected future won/dollar exchange rate is W1089/$1. For the foreign exchange market to be in equilibrium, the interest rate on U.S. dollar currency deposits must be 3%.
John and Kate are 67 and 60, respectively. John is blind. They file a joint return. They have itemized deductions totaling $25,000.00. Their sources of income and deductions are: Wages-----------------------------------------------------$210,000.00 Interest from savings accounts------------------------ 10,000.00 Interest from NY qualified bonds--------------------- 8,000.00 Gift from Kate’s dad-------------------------- 20,000.00 Prize won on a game show----------------------------- 750.00 Determine John and Kate’s: Standard Deduction AGI Taxable Income Tax Liability
John works as a sales representative and travels extensively for his employer's business. this year John was paid $98,000 in salary and made the following expenditures : Federal income taxes withheld 10,000, State income taxes withheld 5,000, Medical expenses 1,000, Employee business expenses (unreimbursed portion) 1,000, Charitable contributions 500, Investment counseling fees 800, Will preparation fee 500. John also made a number of trips to Connecticut for gambling. This year john won $5,000 after spending $18,500. Calculate john's taxable income...
2 You Won the Lottery! You have just won the lottery and will receive 30 yearly payments, as follows: you get $1,500,000 in the first year, after which yearly payments will increase by 2.7% per year. A company specializing in purchasing annuities (yes, they do exist!) offers you instant $14,000,000 in cash to purchase the right to receive your winnings. The relevant interest rate is 3% per year. Will you take the offer?
John was given a residence in the current year. At the time of the gift, the residence had a fair market value of $250,000, and its adjusted basis to the donor was $130,000. The donor paid a tax of $12,000 on the taxable gift of $236,000. What is John’s basis for gain? a- $130,000. b- $136,102. c- $142,000. d- $250,000. e- $236,000.
After a first-price, sealed bid common values auction, John, another bidder, laughs at you because you won the auction by bidding $100,000 and the average value of all the bids is only $70,000. The standard of deviation of the bids is $10,000. a. How is this the winner’s curse? Explain b. John claims that he is 100% certain you will find out soon that you overbid and the actual value will be less than $100,000. Can John be wrong? Explain.