1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
solniwko [45]
3 years ago
13

To prepare for the construction of its new headquarters, Baker Co. purchased a 500-acre plot of land on August 5, Year 1. Baker

purchased the land using 25% cash and financed the balance using a 9% loan from First Bank. The company began preparation of the land for the construction of the building on January 30, Year 2. Which section of the authoritative guidance explicitly states whether the Year 1 interest on the bank loan qualifies for capitalization
Business
1 answer:
leonid [27]3 years ago
4 0

Answer:

FASB ASC 835-20-15-8

Explanation:

This section explicitly states that in order for interests to qualify for interest capitalization, the assets purchased through the loan must be getting ready for its intended use. E.g. if you want to capitalize the interests on the land, you must carry out activities necessary to prepare it for its intended use. Or if you purchase a machinery, you must be installing it in order to get it ready to produce.

You might be interested in
Jafina works for a Sunshine Manufacturing, where her team shares a machine and materials with another team that works a differen
Naily [24]

Answer: Pooled interdependence

Explanation:

Pooled interdependence is a loose organizational model in which each business unit carries out it's own separate functions, might not interact with the other units and does not depend on other units directly even though it contributes to the accomplishment of the organizational goals and success.

Pooled interdependence is often seen as the loosest form of interdependence in organizations. Although the departments may not interact directly and may not depend on each other directly in the pooled interdependence model, every department contributes it's own individual pieces to the achievement of the same overall puzzle.

This creates a blind, indirect dependence on each other and the performance of a department has an impact on others as a department's failures may lead to the failure of the entire organization.

5 0
3 years ago
Read 2 more answers
Problem:Water flows from a bathroom tap at a rate of 2 gallons every 6 seconds. Questions At this rate,how many minutes will it
katrin2010 [14]

Answer:

4 minutes.

Explanation:

The rate of flow from the tap is 2 gallons every six second

which comes out to be 1 gallons per 3 seconds.

so for 80 gallons we can simply

3  * 80 = 240 which is 240 seconds.

Thus it would take 4 minutes to fill up the 80 gallon tub.

4 0
4 years ago
Which is a result of frequent change requests from client?
barxatty [35]

Answer:

D. project completion constraints

Explanation:

project completion constraint can be described as condition that influence the action or set of action that are involved in the completion of the project team, and this result in frequent change requests from client.

These could be time, cost and scope.

Therefore, among the given options, option D is correct.

8 0
3 years ago
Under the gold standard of currency exchange that existed from 1879 to 1914, an ounce of gold cost $20.67 in U.S. dollars and £4
Bogdan [553]

Answer:

B. £0.2055/$

Explanation:

Given that

An Ounce of gold cost = $20.67 in US dollars

An ounce of gold cost = £4.2474 in British pounds.

Therefore,

Exchange rate per 1 dollar

= 4.2474 ÷ 20.67

= 0.20548

= 0.2055.

This means that 1 dollar is equivalent to 0.2055 British dollars at that time using that exchange rate.

£0.2055/$

6 0
3 years ago
For most countries and most firms, the domestic country beta Multiple Choice can be no lower than its world beta. is normally mu
stira [4]

Answer:

Can be no lower than its world beta

Explanation:

For most countries and most firms, the domestic country beta c<u>an be no lower than its world beta.</u>

7 0
4 years ago
Other questions:
  • Which does not motivate entrepreneurs?<br>A. profit<br>B. freedom<br>C. innovaton<br>D. security
    15·2 answers
  • The BMW StreetCarver is a $495 skateboard that features BMW's technology in its wheel suspension, which stabilizes the board's s
    9·1 answer
  • How does real fingerprint analysis differ from the fingerprint analysis shown on television programs such as CSI?
    8·2 answers
  • Why would you want to create a bar graph from a budget spreadsheet?
    9·2 answers
  • I need help with these questions.
    11·1 answer
  • Suppose you're studying levels of job stress and measures of job efficiency in a nursing home. Your hypothesis is that increasin
    15·2 answers
  • What is the first step of business law
    13·1 answer
  • On 12/31/10, Heaton Industries Inc. reported retained earnings of $675,000 on its balance sheet, and it reported that it had $17
    9·1 answer
  • The use of symbols such as charts, graphs, and signs are best classified as * 1 point oral communication written communication v
    15·1 answer
  • On December 31, 2019, Hamilton Inc. sold a used industrial crane for $1,000,000 cash. The original cost of the crane was $5.22 m
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!