Jeanine has formal power in the coffee lovers, ltd. organization while Sam has informal power. One of the primary differences between Jeanine and Sam is that Jeanine has authority within the organizations while Sam does not. Authority refers to the rights to perform or act in any organization. The one having authority in an organization has the right of formal communication within the organization.
Answer: The correct answer is "(A) Materiality.".
Explanation: The concept demonstrated is Materiality because by having a mechanism for preventing bad accounts through their strict requirements, they only recorded bad accounts when they actually existed, instead of making a provision.
Answer:
The question is not complete,the complete set of question is attached.
The balance sheet value of the stock as at the end of 20X7 is $12000 as shown below.
Explanation:
The requirement of the question is the balance sheet to be shown for the investments at the end of 20x7. These are investments are revalued to fair value on an ongoing basis to reflect prices and reality in the stock market.The fair value is the closing market price at each point time, as a result the balance value of the investments is calculated thus:
Stock Quantity Closing Price Value
Charlie 100 $22 $2200
Delta 200 $34 $6800
Echo 100 $30 <u>$3000</u>
Total value of stocks <u> $12000 </u><u> </u>
But the shares were earlier acquired for $13000 ($20*100+$40*200+$30*100) on 1st February, 20X6, which implies that overall losses in value of $1000($13000-$12000) have been posted to other comprehensive income as unrealized losses
Answer:$30,000
Explanation:
The total value of Abby capital is $60,000 a sales of one half means $30,000 which will be debited to his capital account and credited to Sandra capital account as her share in the partnership, however the balance of $5000 will be credited to Abby share of profit account as gain on sale of share of capital. Crediting the whole sum to his capital account will reduce his stake in the partnership and put the old partners at a disadvantage in future share of profit.
The $5000 further represents a reward for the value he has added to the partnership called goodwill.
Answer:
In order for the government to be able to help with a problem, the problem must be brought to the proper of government and the proper.In order for the government to be able to help with a problem, the problem must be brought to the proper of government and the proper.
Explanation: