Karen company swapped machinery with an estimated value of KES.2,755,000 and recorded a cost of KES.3,700,000 and accumulated depreciation of KES. 2,350,000 with Gataka Corporation for machinery Gataka owns. The machinery has a fair value of KES. 1,695,000 a recorded cost of KES. 3,240,000 and accumulated depreciation of KES. 1,782,000. Gataka also gave Karen Company KES. 600,000 in the exchange. Assume depreciation has already been updated. Required;

1. Prepare the journal entry for Gataka corporation treating the exchange as having economic value.

2. Assume that the exchange lacked economic value. Prepare the journal entry for Gataka corporation.

3. Assume that the exchange lacked economic value. Prepare the journal entry for Karen Company.

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Standardization is associated with which of the following management orientations? a) ethnocentric orientation b) polycentric orientation c) regiocentric orientation d) geocentric orientation

Margaret company reported the following information for the current year: net sales $3,000,000 purchases $1,957,000 beginning inventory $245,000 ending inventory $115,000 cost of goods sold 65% of sales industry averages available are: inventory turnover 5.29 gross profit percentage 28% how do the inventory turnover and gross profit percentage for margaret company compare to the industry averages for the same ratios? (round inventory turnover to two decimal places. round gross profit percentage to the nearest percent.)

Alarge university wanted to study the relationship between completing an internship during college and students' future earning potential. prom the same graduating class, they selected a random sample of 80 students who completed an internship and 100 students who did not complete an internship and examined their salaries five years after graduation. they found that there was a statistically higher mean salary for the internship group than for the noninternship group. which of the following interpretations is the most appropriate? a. there could be a confounding variable, such as student major, that explains the difference in mean salary between the internship and no internship groups. b. we cannot infer anything from these data since the distribution of salaries is likely right skewed. c. you cannot draw any valid conclusions because the sample sizes are different. d. more students should complete internships because having an internship produces a higher salary.