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3 years ago

Burr Publishers purchased a building on March 20, 20Y1, for $160,000. Other amounts related to this purchase are as follows:

Business

1 answer:

RUDIKE [14]3 years ago

6 0

Answer:

1. Which amount related to this purchase should be recorded in the accounting records?

d. 160,000.

According to the historical cost principle, assets must be recorded at their original purchase price, only accumulated depreciation can adjust their value.

2. The resources owned by a business are its _____.

c. assets.

Assets are all the resources a business uses to carry out their normal business activities and operations.

3. The rights and claims of creditors on a company's assets are represented by _____.

a. liabilities.

Liabilities represent all the debts that a company has.

4. Which element of the accounting equation represents the rights of owners?

b. owner's equity.

Equity refers to the part of a company owned by its stockholders or owners. A company can finance itself through all equity, or it can have a mixed financing structure with equity and debt (liabilities). The investment made by the owners of a company is represented by the equity part of the balance sheet.

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Which of the following does not allow a company to exclude a short term obligation from current liabilities? Group of answer cho

Neporo4naja [7]

Answer: Actually refinance the obligation.

Management indicated that they are going to refinance the obligation.

Have a contractual right to defer settlement of the liability for at least one year after the balance sheet date.

The liability is contractually due more than one year after the balance sheet date.

Explanation:

A current liability is an obligation payable within a year. A short term liability can be excluded from current abilities if management indicates that they are going to refinance it and show that they are capable of doing so.

Also if the company has a contractual right to defer settlement of the liability for at least one year after the balance sheet date, the short term obligation can be excluded. The deferment means that it will be recognized in another period.

When the liability is contractually due more than one year after the balance sheet date, it stops being a current liability and becomes a non-current liability payable after a year.

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2 years ago

Variables such as location, the North American Industry Classification System (NAICS) code, and type of buy are all examples of

victus00 [196]

The correct answer is this one: "segment an organizational market." Variables such as location, the North American Industry Classification System (NAICS) code, and type of buy are all examples of ways to: <span>segment an organizational market.</span>

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3 years ago

Determine if the following situations describe a game or a decision. Indicate what specific features of the situation caused you

hammer [34]

Answer:

China chooses a level of tariffs to apply to American imports.

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3 years ago

Which of the following has the elements of the supply chain in the correct order?

irina1246 [14]

I believe the answer would be C because first we gather materials like cotton strings ect, then we produce it and make something out of cotton and strings ect, and then we distribute it to retail to get sold and earn money. Hope this helps!

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3 years ago

A sewage treatment revenue bond issue is being underwritten on a negotiated basis. The offering consists of $50,000,000 par valu

Slav-nsk [51]

Answer:

The multiple choices are :

a.$8

b.$20

c.$22

d.$45

The correct option is C.$22

Explanation:

The earnings accruing to the selling group is the selling concession of $22 per $5,000 per bond.

Option A is obviously wrong as there is nothing in the questions that suggest earnings of $8 per bond for the selling group.

Option D is wrong as well because $45 per bond is the spread which is the extra yield to bondholders when compared to investment in government securities

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2 years ago