The definition above is that of MOTELS. Motels are hotels which are typically designed for motorists and which usually have parking lots for vehicles. They are designed in such a way that the rooms open directly to the parking area. Motels became popular around 1920s when highway system allowed people to engage in long distance travelling by roads.
Answer:
The primary purpose of a company's audit committee is to provide oversight of the financial reporting process, the audit process, the company's system of internal controls and compliance with laws and regulations. ... As such, CPAs report directly to the audit committee, not management.
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Answer:
The cost allocated to the building is $ 62,068.97
Explanation:
The total appraised cost for the components of the property purchased=$72,000+$50,000+$23,000=$ 145,000.00
The cost allocated to the building in the accounting records is the cost of the property multiplied by the building appraised value of $72,000 while dividing by the total of the appraised value of $145,000
cost allocated to building=$125,000*$72,000/$145,000=$ 62,068.97
Answer:
Partnership
Explanation:
When you share ownership of a company, you are partnering with someone.
