Answer:
The correct answer is letter "D": must be long-lived and used by the company in its normal operations.
Explanation:
Fixed assets are tangible resources used by a corporation to produce profits. To qualify as a fixed asset, the item can not be consumed or sold in less than one year and be part of the daily operations of the business. Fixed assets are listed on the balance sheet of the company and are subject to depreciation.
Examples of fixed assets include <em>buildings, factories, leasehold improvements, computers, electronic hardware, furniture, automobiles, </em>and <em>construction equipment.</em>
Well something that is a global trend here is the advancements in technology. This is because it allows business to be done quicker and more efficiently by optimizing time and energy.
Answer:
Chiquita makes an economic profit of $250,000.
Answer:
320,000
Explanation:
Given that,
Common stock outstanding on January 1, 2017 = 300,000 shares
On May 1, shares issued = 30,000
Weighted average shares
:
= [300,000 × (12 ÷ 12)] + [30,000 × (8 ÷ 12)
]
= 300,000 + 20,000
= 320,000
Therefore, the weighted-average number of shares outstanding is 320,000 if the 30,000 shares were issued for cash.
Note:
As they issued stock dividend additional shares assumed to be outstanding from the very beginning of the year.
Answer:
performance
Explanation:
This is an example of performance of the contract. In the context of Law, this refers to the act of doing exactly what was required by the contract that the party has agreed to, which effectively discharges the individual bound to do the act from any future contractual liability. Which in this scenario, since ABC Construction finished building the homes before the due date, they met their obligations and are free from the contract.
