Answer:
C. The equipment should be recorded at $2,000 in the accounting records because that was the exchange price.
Explanation:
The equipment should simply be recorded at $2,000. For example, if it was paid in cash, the journal entry would be:
Account Debit Credit
Equipment $2,000
Cash $2,000
The fact that it would cost $4,000 to replace it does not mean that it will be replaced. It is only a hypothetical scenario that should not be recorded in the accounting journal, because it does not reflect economic reality.
This is true. You can use the acronym FANBOYS to remember <span />
Answer:
thank youuu :))
Explanation:
i'm actually considering majoring in astrology so i'll go to you if i have any questions :)
The FTC is empowered to enforce rules of trade regulation that define unfair or deceptive actions or practices in great detail and to report to and advise Congress on legislative matters related to the economy. This is further explained below.
<h3>What is the federal trade commission?</h3>
Generally, The Federal Trade Commission (FTC) is a non-departmental executive body of the United States government charged with protecting consumers and enforcing federal antitrust laws.
In conclusion, The FTC is empowered to enforce laws of trade regulation that define unfair or deceptive actions or practices in great detail, and it may also report to Congress on economic matters and provide policy suggestions.
Read more about the federal trade commission
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Answer:
subdivision
Explanation:
A real property subdivision takes place when a real property (parcel of land, house, etc.) is divided into smaller areas. The whole idea behind a subdivision is that it should be easier to sell the property in smaller parts.
When a subdivision is carried out on a condominium, the physical space is not divided, rather the property time is divided into time share units. In this case, a person can purchase the right to use that condominium during 3 weeks each year.
