Answer:
The answer to this question is A
Answer: Option A
Explanation: In simple words, joint ventures refers to the business arrangement under which two or more independent parties join their operation for the purpose of doing business more effectively.
Worldwide can go for joint venture as it would be less costly then mergers and acquisitions since they have to buy a part of the entity also they can control the entity as per their share in it.
Answer:
The answer is $80,000
Explanation:
The formula for straight-line depreciation is:
[Cost of asset - salvage value(if any)] ÷ useful life of the asset
Depreciation = $4,000
Cost of asset= ? (represented by y)
Useful life of the asset = 20 years
$4,000 = y ÷ 20 years
y is $4,000 x 20 years
y = $80,000
Therefore, the initial cost of the asset was $80,000
Answer:
securities available for trade: 250,000
Explanation:
The investment will be trade at market value. which is 1,200
Nichols cannot set the price of an assetat his own will. If possible a company will do it to increase his assets and look more solid than it is.
To evaluate the bonds at 1,200 the market price will need to be at 1,200
Currently the price third parties gives the security is 1,000 so it should carry the investment at
250 bonds x 1,000 market value = 250,000
Answer:
False
Explanation:
In the initial period, the prepaid expenses should be recorded in the assets hand side of the balance sheet under the current asset column
But when some adjustments are made regarding this in terms of gains or expenses incurred, the same should be presented on the income statement
Hence, the given statement is false as it is recorded in the assets only during the initial period
