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Komok [63]
2 years ago
11

A buyer particularly liked the ornate brass lighting fixtures in a seller's house and immediately made an offer, which the selle

r accepted. On moving day, the buyer discovered that the seller had replaced all the ornate brass lighting fixtures with plain chrome ones. Which of these is MOST likely a correct assumption
Business
1 answer:
kolezko [41]2 years ago
6 0

Buyer: "Lighting fixtures are normally considered to be real property." is most likely a correct assumption.

A lamp is a part of a light fixture that is attached to a wall or ceiling in which light bulbs and other lighting elements are placed and cannot be easily removed.

Aluminum: A versatile metal, aluminum is one of the most commonly used materials for stamped light fixtures. It's fairly stretchy, easy to handle, and a reliable, easy-to-use option for any die-cut product. Inspect the

lamp for manufacturer's inscriptions, initials, or trademarks. Examine the metal frame that supports the lamp, the base of the lamp, and the arms that connect to the ball. Most of the markings are company names or signatures incorporated into the original casting.

Learn more about light bulb  here: brainly.com/question/6463555

#SPJ1

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For Fiscal Year 2020, Precision Masters had sales of $42,900, cost of goods sold of $26,800, depreciation expense of $1,900, int
AlladinOne [14]

Answer:

Option (a) is correct.

Explanation:

EBIT:

= Sales - Cost of goods sold - Depreciation expense

= $42,900 - $26,800 - $1,900

= $14,200

Operating cash flow:

= EBIT + Depreciation - Taxes

= $14,200 + $1,900 - [($14,200 - $1,300) × 0.34]

= $16,100 - $4,386

= $11,714

Capital spending:

= Ending net fixed assets - Beginning net fixed assets + depreciation

= $13,900 - $14,300 + $1,900

= $1,500

Additions to NWC:

= Ending NWC - Beginning NWC

= (9,200 - 7,400) - (8,700 - 6,600)

= $1,800 - $2,100

= -$300

Therefore, the cash flow from assets for Fiscal Year 2020 is as follows:

= Operating cash flow - Capital spending - Additions to NWC

= $11,714 - $1,500 - (-$300)

= $10,514

5 0
3 years ago
Open communication occurs best when:
siniylev [52]
I think the answer is C.
3 0
3 years ago
Read 2 more answers
Rothbart Manufacturing agrees to manufacture bumper cars for 12 Banners Amusement Parks. Under the terms of the contract, 12 Ban
Norma-Jean [14]

Answer:

Rothbart Manufacturing

From the case study, Rothbart Manufacturing has incurred an equivalent cost of 80% in the manufacture of the bumper cars, it should then recognize revenue of $48,000 ($60,000 * 80%) under the percentage of completion method.

However, under the new IFRS 15 or ASC 606 Revenue from Contracts with Customers, Rothbart Manufacturing can only recognize revenue based on the fulfillment of the contract's performance obligations, evidenced by the transfer of the asset or some benefits to the buyer.

I do not see any transfer of benefits here.  Instead of recognizing any revenue the current year, Rothbart Manufacturing should assign the cost incurred so far (80%) to Work in Process Inventory, which is a current asset.  It can then recognize revenue when the bumper cars are sold.

Explanation:

The International Financial Reporting Standard (IFRS) 15 specifies when revenue from contracts with customers should be recognized.  This standard is equivalent to the US Accounting Standard Code 606.

5 0
3 years ago
The assets of Star Company are $170.000 and the total liabilities are $10,000. The equity is
Dominik [7]

160,000

Explanation:

160,000

7 0
3 years ago
What are the instruments used in quantitative research?
kolezko [41]
<span>most commonly used research instruments in quantitative research studies include ‡ Questionnaire and ‡ Tests.
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5 0
3 years ago
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