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3 years ago

Which Generally Accepted Accounting Principle states that ""A stable currency is going to be the unit of record""?

Business

1 answer:

WARRIOR [948]3 years ago

6 0

Answer:

The monetary unit principle states that "A stable currency is going to be the unit of record".

Explanation:

One of the important generally accepted accounting principles is the Monetary unit principle.
This principle states that record those business dealings that can be conveyed in terms of a currency.
This means anything that cannot be quantified should not be recorded a businesses transactions. The non-quantifiable items include customer service, motivation, management skills, etc.
Over time, money has been used as a stable form of currency in accounting.

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A machine costs $1,000 and has a 3-year life. the estimated salvage value at the end of three years is $100. the project is expe

AnnyKZ [126]

Cost of machine = $1,000

$NPV of revenues = p( \frac{1- (1+RoR)^{-n} }{RoR} )$ = $600( \frac{1- (1+0.1)^{-3} }{0.1} )$ = $1,492.11

$NPV of salvage value = FV ( \frac{1}{ (1+RoR)^{n} }$ )= $100( \frac{1}{ (1+0.1)^{3} } )$ = $75.13

Total NPV = -1000+1492.11+75.13 = $567.24 ≈ $567

5 0

3 years ago

Which of the following statement is not true about the Project stakeholders?

xxMikexx [17]

I think d is the answer

Explanation:

all stakeholders must not be independent all must work together

4 0

3 years ago

how does the cost of financial capital influence innovative research and development activities in a competitive market?

Marysya12 [62]

Because R&D initiatives are expected to yield a greater rate of return, businesses seek a huge quantity at a cheap cost.

<h3>What are the necessary finances?</h3>

To calculate your financial requirement, divide your anticipated family commitment by two and the cost of attendance (COA) for even a school (EFC). Although COA varies from university to university, your EFC does not change no matter which school you attend.

<h3>Which four necessities in terms of financial are there?</h3>

For the majority of Americans, job is the first step toward financial stability. People need revenue to meet expenditures and for budgetary considerations. They also must invest for the future, save cash for a rainy morning, borrow money to acquire assets, plus insure yourself against shocks.

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3 0

1 year ago

Which of the following would NOT be classified as a current asset on a classified balance sheet? 答案选项组 Intangible assets Short-t

Zinaida [17]

Answer:

Intangible assets

Explanation:

A classified balance sheet is a financial statement that classifies the components in the balance sheet into different groups. For example, assets are classified into current or non current asset

Current assets are all the assets that are either used by a company or sold in the course of the year of the company.

Current assets include

cash, cash equivalents
accounts receivable
stock inventory
marketable securities
pre-paid liabilities

Intangible assets are classified as noncurrent (long-term) assets

5 0

2 years ago

Kareem bought a rental house in March 2014 for $300,000, of which $50,000 is allocated to the land and $250,000 to the building.

Bingel [31]

Answer: See explanation

Explanation:

a. What is Kareem's realized gain or loss?

Amount realized from sale = $330,000

Less: adjusted basis for house and land = $269000

Less: tennis court adjusted basis = $6200

Realized gain = $54700

b. What is the adjusted basis of the rental house and land at the time of the sale?

Original land basis = $50000

Add: Original house basis = $25000

Less: Depreciation = $30900

Adjusted basis = $269100

c. What is the adjusted basis of the tennis court at the time of the sale?

Tennis court original basis = $7500

Less: Depreciation = $1300

Adjusted basis of the tennis court = $6200

d. If the buyer takes the property subject to the $80,000 mortgage, rather than assuming it, what is Kareem's realized gain or loss?

Amount realized = $330000 + $80000 = $410,000

Less: Adjusted basis for house and land = $269100

Less: Adjusted basis of tennis court = $6200

Realized gain = $134700

3 0

3 years ago