Answer:
The land should be recorded in Clairemont Repair Service’s records at $380,000
Explanation:
According to the historical cost principle, the recording of the fixed assets should be recorded at the purchase price or cost price which is to be shown in the assets side under the balance sheet.
So, according to the question, on February 28, the repair service accepted the seller's counteroffer which means that the land was purchased on February 28 for $380,0000. So, by $380,000 amount, the land would be recorded.
Other costs which are mentioned in the question is ignored.
Answer:
This can be classified as an unanticipated problem.
Explanation:
During an investigational drug study the rate of risk of expected adverse events is indicated to be greater than what was initially expected. The current subjects need to be reconsented and the consent form needs to be updated to include this higher rate
Since the rate of an expected adverse event is greater than what was anticipated in the beginning and puts subjects and others at risk, this poses an unanticipated problem.
Beginning balance 750
Add supplies purchase 900
Less supplies used 1125
Supplies on hand at the end of february is
750+900−1,125=525...answer
Hope it helps!
According to gaap, the method that can be utilized in recording the acquisition of a fixed asset is Cost method.
- In GAAP , the one method that is notable and accurate in recording a fixed asset is the cost method.
- The cost method can be regarded as method utilized in recording the acquisition cost of the fixed asset as well as the costs of bringing the fixed asset to the condition that is needed for it to be used as well as the required location.
Therefore, cost method helps in recording acquisition of a fixed asset .
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Answer:
d-Both a and c are true
Explanation:
Less developed countries in the world show both diverting behaviors. The fastest-growing economies in the world (above annual growth of 3.5%) are mostly less developed countries as China, India, and Panama. It is also true C, where the slowest growing economies in the world experiencing declines in per capita GDP are less developed countries too, like Venezuela and Siria
