Answer:
A,B,D,E are cost which should NOT be expensed when incurred. While C is a cost which should BE expensed when incurred.
Explanation:
(a) $13,000 paid to rearrange and reinstall machinery. select an option. NO
(b) $200,000 paid for addition to building. select an option. NO
(c) $200 paid for tune-up and oil change on delivery truck. select an option. YES
(d) $7,000 paid to replace a wooden floor with a concrete floor. select an option. NO
(e) $2,000 paid for a major overhaul on a truck, which extends the useful life. NO
Therefore A,B,D,E are cost which should NOT be expensed when incurred. While C is a cost which should BE expensed when incurred.
Answer:
bias is leaning toward a certain perspective for certain reasons other than logic like your own opinion. for example, a news reporter could report negatively about something because he/she is against it even tho it benefits the majority
Answer:
Items reported in the balance sheet are:
3. a, c, e, f, and h
Explanation:
a) Data and Selection:
a. Cash
b. Sales
c. Long-term debt
d. Wage expense
e. Wages payable
f. Retained earnings
g. Net income
h. Inventory
i. Cost of goods sold
a. Cash
c. Long-term debt
e. Wages payable
f. Retained earnings
h. Inventory
b) Items reported in the balance sheet are items that are assets, liabilities, or equities. These items are permanent items, which have their balances taken to the next accounting period. Non balance sheet items are reported in the income statement. They are closing or temporary items that do not have balances taken to the next period.
Answer:
Product substitute
Explanation:
Product substitute is defined as one that meets similar needs of the consumer. As demand for one of such goods rises the demand of the other tends to fall as the meet similar needs.
In the given scenario organic meats are seen as being substituted by organically grown nuts as a source of protein.
So when Hain Celestial has dwindling sales of organic meats they were considering organically grown nuts as a different product to give to customers
