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Arisa [49]
3 years ago
13

Q 9.1: When can interest be included in the acquisition cost of a plant asset?A : during the construction period of a self-const

ructed asset B : when the asset is purchased on credit C : when the asset acquisition is financed by a long-term note payable D : when it is a part of a lump-sum purchase
Business
2 answers:
Nookie1986 [14]3 years ago
8 0

Answer:

A : during the construction period of a self-constructed asset

Explanation:

The only interest that will be included in cost of an asset is called Borrowing Cost.Borrowing Costs are included in the cost of an Asset in terms of IAS16. Borrowing Costs are incurred during the construction period of a self-constructed asset.

MA_775_DIABLO [31]3 years ago
7 0

Answer: A during the construction period of a self-constructed asset.

Explanation: Self constructed asset is a term used in financial accounting, it refers to those built by a company and it appears in its balance sheet . Self constructed asset cost would include the direct cost in labor and material associated with its construction.

Interest can be included in the acquisition cost of a plant asset "during the construction period of self constructed asset "

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What is one of the advantages of buying an existing business?
leonid [27]
You don't have to pay for construction and people are already aware of the business's existence.
4 0
3 years ago
When a firm believes that the social and economic validation for its existence is obtained from achieving their organizational o
Nesterboy [21]

Answer:

The correct word that fills the gap is: sales.

Explanation:

Initially, the Marketing approach was productive, towards production: Marketing aims to achieve greater efficiency in the financial and productive areas of the company.

Subsequently, the emphasis was on the product, but the growing competition and the difficulty of selling production, changed the focus towards sales, the goal was to sell above all and reduce inventories.

Subsequently, the focus is increasingly shifted to the consumer: consumers do not acquire production plants, products or services, buy benefits and utilities, the "expectations of meeting their different needs." The current approach is market-oriented, where the consumer and their needs remain the key, and therefore the competition must also be analyzed, which tries to satisfy the same customer as us. Likewise, the environment that conditions this process and any other critical factor must also be analyzed.

4 0
3 years ago
To pay for college, Henry received the following: $1,000 scholarship from the Thespian Club to pay for books $4,000 scholarship
Alika [10]

Answer:

$5,000

Explanation:

Money received as scholarship and used to pay for tuition or related expenses is not included in the gross income. So the $1,000 scholarship from the Thespian Club and the $4,000 scholarship from the Elks Lodge are not taxable. The only taxable income that Henry earned is the $5,000 that he was paid for being a dorm supervisor.

6 0
3 years ago
Edelman engines has $20 billion in total assets. Its balance sheet shows $2 billion in current liabilities, $10 billion in long-
Lemur [1.5K]

<u>Calculation of Edelman's market/book ratio:</u>


The market/book ratio is calculated with the help of following formula:

Market/book ratio = Market price per share / Book value per share


The Book value per share can be calculated as follows;

Book value per share =Common Equity/ Shares of common stock outstanding

= 8,000,000,000 /500,000,000

= 16

Hence ,

Market/book ratio = 25/16 = 1.56


Hence, Edelman's market/book ratio is <u>1.56</u>





5 0
3 years ago
Assume there is a national lottery and the winning ticket is worth​ $10 million. one winning ticket will be selected. if there a
boyakko [2]
The probability that the buyer of one ticket will win the lottery that is worth $10 million will be determined or calculated by dividing the number of tickets that a person has by the total number of tickets which were sold at a certain period. When this statement is translated to mathematical expression,
     P = x / S
where P is the probability, x is the number of ticket bought by the winner (this number is already given to be 1), and S is the number of the sample (this is given to be 175175 million. Substituting the known values,

  P = 1 / 175175 million

<em>ANSWER: 5.71 x 10^-12</em>
7 0
3 years ago
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