Hansel and Gretel decide to organize a partnership. Hansel invests $15,000 cash, and Gretel contributes $12,000 cash and equipment having a book value of $6,000 and a fair value of $9,000.

Choose the entry to record Gretel's investment in the partnership.

a. Cash 12,000
Gretel, Capital 12,000

b. Equipment 6,000
Gretel, Capital 6,000

c. Cash 12,000
Equipment 6,000
Gretel, Capital 18,000

d. Cash 12,000
Equipment 9,000
Gretel, Capital 21,000

Catherine de bourgh has one child, anne, who is 18 years old at the end of the year. anne lived at home for seven months during the year before leaving home to attend state university for the rest of the year. during the year, anne earned $6,000 while working part time. catherine provided 80 percent of anne's support and anne provided the rest. which of the following statements regarding whether anne is catherine's qualifying child for the current year is correct? a.anne is a qualifying child of catherine.b.anne is not a qualifying child of catherine because she fails the gross income test.c.anne is not a qualifying child of catherine because she fails the residence test.d.anne is not a qualifying child of catherine because she fails the support test.

Atrough in the business cycle occurs when

Pam is a low-risk careful driver and fran is a high-risk aggressive driver. to reveal their driver types, an auto-insurance company a. refuses to insure high-risk drivers b. charges a higher premium to owners of newer cars than to owners of older cars c. offers policies that enable drivers to reveal their private information d. uses a pooling equilibrium e. requires drivers to categorize themselves as high-risk or low-risk on the application form