Answer:
Shill bidding
Explanation:
Shill bidding occurs when a seller takes on various digital identities by opening up several email accounts and bids on his or her own items multiple times to prompt genuine bidders to provide a much higher bid for an item than they would have done otherwise
Answer:
B. The process of allocating the cost of tangible assets to expense in a systematic and rational manner to those periods expected to benefit from the use of the asset.
Explanation:
A piece of equipment will cost a lot of money, but should also last for a long time. Accounting depreciation breaks the cost of the equipment (or any asset) into predictable, mathematically determined amounts so that the costs can be "spread out" over the many years that you use it rather than just when you first purchase it.
Answer:
$12,892.67
Explanation:
Given:
Deposit amount (P) = $5,000
Interest Rate(I) = 7% (compounded annually) = 7/100 = 0.07
Number of years (n) = 10+4 = 14 years
Amount (A)=?
Calculation:
Amount = $12,892.67
So, we get $12,892.67 , 10 years from today.
The answer is b because that’s how the government get paid.
Answer:
(B) less the loss
Explanation:
The statement of cash flows records the cash element of transactions irrespective of their nature, be it operational, investing or financing.
Thus when an asset is sold at a loss, the cash received from the sale of the asset is recorded in the statement of cash flow.
The cash received = carrying amount less the loss on the sale.
Other elements of the sale will be recorded as follows:
- Loss on sale will be recognized in the profit/loss account
- The carrying amount will be deducted from total equipment in the statement of financial position
- The accumulated depreciation related to the equipment will also be deducted from total accumulated depreciation of all equipment.
