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Karo-lina-s [1.5K]
3 years ago
11

Q 10.2: john dies and leaves property to his sons bob, tom, ron, and joe. bob farms the land he inherits. tom builds a new facto

ry for the company he owns on his land. ron subdivides and develops his property. joe's property abuts the store he owns, and he turns it into a parking lot. which son should classify his land as inventory rather than as a fixed asset?
Business
1 answer:
salantis [7]3 years ago
5 0
<span>Ron is the son who should classify his land as inventory instead of as a fixed asset because fixed assets typically lose value over time, or depreciate, and they do not get converted into cash. In this case, Ron's land would be classified as inventory.</span>
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Answer:

The answer is $13,558

Explanation:

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3 years ago
Which of the following statements is CORRECT?
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Answer:

If a company pays more in dividends than it generates in net income, its retained earnings as reported on the balance sheet will decline from the previous year's balance.

Explanation:

The dividend is shown while preparing the retained earning statement. So, it does not affect the net income.

The highly liquid marketable securities does not show a decline in the current assets

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Account receivable are reported in the current assets rather than the current liabilities

We know that

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If the dividend amount is more than the net income so the ending balance of retained earning will decline than its beginning year balance.

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3 years ago
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Zohrina is a top manager at her current company. However, she is leaving the company for a better job at a competing firm. Which
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Answer:  

VOLUNTARY TURNOVER

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Voluntary turnover refers to a kind of change that happens when workers choose to exit their jobs voluntarily. For a number of different reasons workers can choose to abandon the jobs. Workers may feel unhappy with their job or rewards, may be pursuing a new career or could have acknowledged another bid.

One way to mitigate the volunteer turnover would be to make some effort in the recruitment process to assess the "work match" or work appropriateness of a candidate for a given position. Employers will try to evaluate the probability that certain potential employees in current jobs would feel content and motivated.

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Karla Salons leased equipment from Smith Co. on July 1, 2021, in a finance lease. The present value of the lease payments discou
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Answer:

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= Interest expenses + Depreciation Expenses

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