Answer and Explanation:
The preparation of a comparitive income statement, with vertical analysis, stating each item for both years as a percent of sales is prepared below with the help of the attached spreadsheet:-
The formula that we have used is shown below:-
Gross profit percent = Gross profit / Sales revenue
Cost of goods sold percent = Cost of goods sold / Sales revenue
and in a similar way operating expenses items.
According to appraisers, a public school would be considered a service type of property.
<h3>What is the meaning of appraisers?</h3>
An appraiser refers to the person who carries out the formal process for assessing the employee's performance. It is the action performed to judge and assess the performance and value of others.
Service property is the type which is includes the school property as per the appraisers. Therefore, it can be concluded that A public school, according to appraisers, is a service kind of property.
Learn more about appraisers here:
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Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
Cost principle
Explanation:
Cost principle -
It refers to the amount of the specific object to be recorded during the time of acquiring , is referred to as cost principle .
Cost principle is also called historical cost principle.
During the acquisition , the amount recorded need to be correct , any alteration in the amount leads to the violation of the cost principle.
Similar situation is showcased in the question,
Hence , from the given options the correct option is cost principle.
