ANSWER:
Hindi ko Kaya anong grade po ba iyan
Answer:
The Individual assets will be recorded by the buyer as :
Machine 1 = $25,250
Machine 2= $33,667
Machine 3= $42,083
Explanation:
On Initial measurement, IAS 16 requires assets to be measured at cost to the buyer.
Apportion the Cost of $101,000 ($100,000 + $1,000) using individual market values of the assets.
Machine 1 = $30,000 / $120,000 × $101,000
= $25,250
Machine 2= $40,000 / $120,000 × $101,000
= $33,667
Machine 3= $50,000 / $120,000 × $101,000
= $42,083
Because not all resources are equally well suited to producing both consumer and capital products, the production possibilities frontier would probably be reached.
What is Economy?
A territory with an economy is one where goods and services are produced, sold, traded, and used. It is generally accepted that it is a social domain that emphasises the actions, conversations, and outward expressions related to the production, use, and management of finite resources. The processes of an economy are greatly influenced by factors such as a person's culture, values, education, technical development, history, social organisation, political structure, legal system, and availability of natural resources. These elements set the guidelines and conditions that govern how an economy functions in addition to giving background and substance. To put it another way, the economic sphere is a social area made up of interconnected human interactions and behaviours that are dependent on one another.
To learn more about Economy
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Answer:
Date General Journal Debit Credit
<em>Dec. 18</em> Cash $259,000
Unearned revenue $259,000
(To record advance receipt of cash)
<em>Jan. 23</em> Cash (2590000 - 259000) $2,331,000
Unearned revenue $259,000
Sales revenue $2,590,000
(To record cash sale)
<em>Jan. 23</em> Cost of goods sold $1,590,000
Inventory $1,590,000
(To record cost of goods sold)
Answer:
contract
Explanation:
A contract is a form of enforceable agreement between two parties that are legally binding. Both parties in the contract have to do the responsibilities/promises written there and any breach for the agreement can result as enforcement from the court. While a verbal contract is possible in some law, it's really hard to be proven so it's better to have a written contract instead.
Not everything can be put into a contract. If the contract against public policy, the contract will be illegal and an agreement is written there will be invalid.