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1 year ago

A bank owns a 10-story office building. In the bank's balance sheet, this would be listed as part of?

1 answer:

5 0

A 10-story office building is owned by a bank. This would be an example of a chequable deposit on the bank's balance sheet.

An organization's assets, liabilities, and shareholder equity are listed on a balance sheet, which is a financial statement. One of the three primary financial statements used to assess a company is the balance sheet. It offers a snapshot of the assets and liabilities of a corporation as of the publication date.

A balance sheet is a summary of the financial positions of a person or an organization in financial accounting, regardless of whether they are a sole proprietorship, a business partnership, a corporation, a private limited company, or some other type of entity like a government or not-for-profit entity.

Learn more about balance sheet here

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On December 31, year 3, Byte Co. had capitalized software costs of $600,000 with an economic life of four years. Sales for year

Ratling [72]

Answer:

net capitalized cost is = $450000

so correct option is b. $450,000

Explanation:

given data

capitalized software costs = $600,000

expected total sales = 10%

sale = 4 year

net realizable value = $480,000

solution

we find out net capitalized cost of computer software that is

net capitalized cost of computer software is = Year 1 balance - Year 2 amortization ........................1

here we get first Year 2 amortization that is

Year 2 amortization is = capitalized software costs ÷ total projected sale ..............2

put here value

Year 2 amortization = $\frac{600000}{4}$

Year 2 amortization is = $150,000

so here we get net capitalized cost

net capitalized cost is = $600,000 - $150,000

net capitalized cost is = $450000

so correct option is b. $450,000

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3 years ago

Money serves as a good store of value except when an economy experiences a period of _____.

Marat540 [252]

Money serves as a good store of value except when an economy experiences a period of INFLATION.

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3 years ago

2. A company's board of directors votes to declare a cash dividend of $.80 per share of common stock. The company has 16,000 sha

jeyben [28]

Answer for the first one is $12,800

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3 years ago

The principle that allows you to perceive an orange shirt to be the same color under varying lighting conditions is known as:

katrin2010 [14]

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3 years ago

"A leading environmental group recently published a report contending that humans are running a "resource deficit" because we ar

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Answer:

c. disagree with the report, in part because it ignores the mitigating effects of technological change.

Explanation:

As the human is making use of most of the earth available resources they are running towards deficits as no country has self-sufficiency in terms of the land, labor and capital and natural resources and they are getting depleted at a much faster rate than could be generated.

Thereby resulting to rise in inflation and decline in the economic productivity growth while some of the economists disagree with the report ignores the impacts of technologies.

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3 years ago