Answer:
Cutoff.
Explanation:
At the end of an accounting period, it is important to ensure proper inventory cutoff to determine the ownership of goods in transit.
In Financial accounting, the term cutoff refers to the process which ensures that business transactions and activities are recorded in the correct accounting period.
An inventory cutoff involves stopping or pausing shipments or receiving of supplies of goods, in order to enable proper accounting and count checks.
Answer:
As a risk averse investor I would choose the second option.
Explanation:
As a risk averse investor I would choose the second option. The second option described case whereby In an
economy whereby stocks returns are independent. And with this, risk can be diversified away as far as a large portfolio is concerned.
<h3 />
$13,400 is the first-year depreciation using the straight-line method.
<h3>Step 1</h3>
cost = $69,000
savage = $2,000
cost minus savage = $69,000 -- $2,000
⇒$67,000
⇒Estimated years = 5years
using the straight-line method formula.
<h3>
Step 2 </h3>
⇒first-year depreciation expense = $67,000 /5
⇒$13,400
thus, the depreciation using the straight-line method is $13,400
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Explanation:
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Answer:
D) The proceeds that exceed the mortgage balance are used to pay all other claims and creditors.
Explanation:
If the borrower filed for a chapter 7 bankruptcy, and the proceeds from the sale of the real estate exceed the mortgage value, then all the excess amount is used to pay other creditors.
Only if all the claims and creditors have been paid and there is still some money left, should that excess amount go to the borrower.