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1 year ago

gains or losses result, respectively, from the disposition of business assets for greater than, or less than, their book values.

1 answer:

8 0

The statement given in the question is true, an organization may never again require a resources that it possesses, or a resource might have become out of date or wasteful. In this case organization might discard that asset.

A gain result, when a resource is discarded in return for something of more noteworthy worth. Gains are expansions in the business abundance exercises irrelevant to it's primary tasks.

Similarly a losses result, they are diminishes in a business losses because of non-functional exchanges.

But in some cases both gains and losses, really do show up on the income statement, yet they are listed or recorded under a class called ''Other revenues and expenses''.

To learn more about Gains and Losses on Disposal of Assets.

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LeMay Department Store uses the retail inventory method to estimate ending inventory for its monthly financial statements. The f

Nutka1998 [239]

Answer:

Cost to retail ratio = 57.05%

Explanation:

Particulars Cost Retail

Beginning Inventory $46,000 $66,000

Add: Purchases $213,000 $406,000

Less: Purchases Return $7,000 $9,000

Freight In $15,558 -

Net Markups - $6,400

Good Avail. for Sales (Without markdowns) $267,558 $469,000

Cost to retail ratio = $267,558/$469,000

Cost to retail ratio = 0.570486

Cost to retail ratio = 57.05%

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Answer:

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2 years ago

What is the opposite of fade-in, when the image goes black?

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Explanation:

;)

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The first step in the project control process for measuring and evaluating project performance is to:

Katena32 [7]

Answer:

A) Set a baseline plan.

Explanation:

Hope this helps you :)

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