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3 years ago

In preparing a balance sheet why do you think standard accounting practice focuses on historical cost rather tham market value

1 answer:

4 0

Historical costs can be objectively and precisely measured, whereas market values can be difficult to estimate because they really dependant on market's performance.
Therefore, to create a more accurate measurement of company's financial condition, standard accounting practice put more focus on historical cost rather than market value

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Tryon Corp. and Sandoval, Inc. were joint owners of the former Sandy Glass manufacturing facility. An environmental assessment f

kotegsom [21]

Answer:

One company pays 100%, the other re-reimburses 50%

Explanation:

If an environmental assessment found that the two companies share joint and several liability for a hazardous materials cleanup.

What could happen if the two of them don't agree to cooperate in the cleanup is that one of the companies will eventually settle the costs fully while the other party will have to reimburse the party that pays, 50%.

The paying company could make claims because the environmental impact assessment has already found both companies jointly liable. hence each company ought to jointly share the costs

4 0

3 years ago

Read 2 more answers

1.The percentage of the labor force that belongs to a union is known as the

Helen [10]

1) The percentage of the labor force that belongs to a union is known as the UNIONIZED PERCENTAGE RATIO.

2) The equilibrium wage rate is determined by the point of intersection of labor market supply and labor market demand. Equilibrium wage is the wage where the company agrees to pay and the worker agrees as the value of his work.

3) The effect of union exclusion of nonunion workers is to lower the wages of nonunion workers.

4) A market with one buyer and one seller is a bilateral monopoly. Monopoly is a market with only one seller. Monopsony is a market with only one buyer.

4 0

3 years ago

Michelle always drives down Hampton Avenue to go to work. One morning, Michelle discovers that Hampton Avenue is closed at Wood

Soloha48 [4]

Answer:

she has formed a cognitive map of the area

Explanation:

A cognitive map is basically a mental map or representation of the physical surrounding area. If you have ever seen a lab rat trying to go through a maze, that is exactly what this is about. The ability to mentally represent of physical surroundings is very important, and not just to avoid traffic jams, but for our normal daily activities. We all know where the bathroom is, or the kitchen, and our rooms, etc., that is basically a cognitive map of our house.

7 0

3 years ago

Who made among us?

nataly862011 [7]

Answer:

InnerSloth

Explanation:

June 15, 2018

5 0

3 years ago

The APB partnership agreement specifies that partnership net income be allocated as follows:

katovenus [111]

Answer:

C) 19000 (3000) 34000

Explanation:

income: 50,000

salaries (80,000) (sum of partner salaries)

interest (10,000) (total capital 100,000 x 10% interest )

net loss (40,000)

Partner A

50,000 + 30,000 salary + 5,000 interest - 16,000 loss share(40%) = 69,000

It woulld be allocate: 69,000 - 50,000 = 19,000

Partner B

30,000 + 10,000 salary + 3,000 interest - 16,000 loss share(40%) = 27,000

27,000 - 30,000 = -3,000

Partner C

20,000 + 40,000 salary + 2,000 interest - 8,000 loss share(20%) = 54,000

54,000 - 20,000 = 34,000

8 0

3 years ago