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solniwko [45]
1 year ago
13

which of the following is omitted in a barter transaction?a) tradeb) medium of exchangec) store of valued) money

Business
1 answer:
pychu [463]1 year ago
8 0

Money is omitted in a barter transaction.In a barter transaction, two parties trade one basket of goods and services for another basket containing additional goods and services.

<h3>What is barter transaction?</h3>
  • A barter transaction entails two parties and involves the exchange of one basket of products and services for another basket including other commodities and services. without a related monetary payment.
  • In the alternative trading system of barter, products and services are traded directly for one another without the use of money as a middleman. For instance, a farmer may trade a pair of shoes from a shoemaker for a bushel of wheat.
  • Several different kinds of barter exchanges are briefly described and explained here.
  • Direct bartering is the direct exchange of goods or services between two or more parties.
  • retail barter is exchanged between small enterprises through a trade exchange that is locally arranged.

To learn more about barter transaction refer to:

brainly.com/question/1296806

#SPJ4

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Answer: Depreciation expense reflects the decrease in market value each year.

Explanation:

Depreciation is the decrease in the value of an asset due to the passage of time. Overtime, the value of machineries reduce as a result of usage. Depreciation is therefore the reduction in the value of assets. Depreciation is also the method used tin reallocating the cost of a tangible assets over its useful life span. Firms depreciate assets for accounting and tax purposes. The reduction in the value of an asset has am effect on the balance sheet of an entity.

The answer to the question is the second option. Depreciation does not have anything to do with the market value. Other options are correct except for the second option which states that depreciation expense reflects the decrease in market value each year.

8 0
3 years ago
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Answer:

A. A only

Explanation:

U.S. Generally Accepted Accounting Principles (GAAP) does not allow property, plant, and equipment to be written up or revalued. If the fair value of PP&E falls below the book value and the amount is material then a company must write down the asset to fair value.

Since under US GAAP, once PPE is written, it can not be reversed. as Company B is indicated to have reversed the write down while company A did not. It therefore means that Company A only is reporting under US GAAP.

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Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $3,400 of dir
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Answer:

Total cost of Job A3B=  $31,900

Explanation:

Job A3B was ordered by a customer on September 25.

The company applies overhead at a rate of 100% of the direct labor cost incurred.

Cost of September:

$3,400 of direct materials

$4,900 of direct labor.

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Total= $13,200

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Total cost of Job A3B= 13,200 + 18,700= $31,900

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3 years ago
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