As part of the initial investment, Ray Blake contributes equipment that had originally cost $125,000 and on which accumulated depreciation of $100,000 has been recorded. If similar equipment would cost $150,000 to replace and the partners agree on a valuation of $29,000 for the contributed equipment, what amount should be debited to the equipment account?
a. $29,000
b. $150,000
c. $125,000
d. $100,000
a
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The goal in a dialogue is to
A) win B) lose C) persuade D) understand
Copper Company engaged in the following transactions during April Performed services for cash $215,000 Performed services on credit 168,000 Purchased office supplies on account 56,000 Paid salaries in cash 29,000 Collected on account 42,000 Paid on account 38,000 What is the amount of cash still to be collected?
A) $126,000 B) $341,000 C) $144,000 D) $18,000
The AIDA acronym stands for attitude, interest, desire, and activity.
Answer the following statement true (T) or false (F)
Francesca cannot serve as a trustee in a bankruptcy case because she is not a lawyer
a. True b. False Indicate whether the statement is true or false