The historical cost principle requires that when assets are acquired, they be recorded at cost.
The historical cost principle is an accounting principle under the US GAAP. It entails recording the cost of an asset on the balance sheet at the cost with which the asset was purchased regardless of the changes in the value of the asset.
For example, if a machine was purchased at a cost of £2000. If the historical cost principle is used, the machine would be recorded at £2000 on the balance sheet.
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Answer:
false
Explanation:
A mutually exclusive project is a project that if one occurs then the other project cannot occur also at the same time. Mutually exclusive projects are independent projects also
The amount of merchandise inventory at the beginning of the year is B. $41,000.
<h3>What is the beginning inventory?</h3>
The beginning inventory is the balance of inventory at the beginning of a financial period.
The purchases for the current period, under the periodic inventory system, are added to the beginning inventory to obtain the value of goods available for sale. From the cost of goods available for sale, the ending inventory is deducted to obtain the cost of goods sold.
Thus, the amount of merchandise inventory at the beginning of the year is B. $41,000.
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Answer: d. Perfect Plungers Plus; the smaller standard deviation indicates that Perfect Plungers Plus has less variability in its closing prices than Masterful Pocket watches.
Explanation:
Standard deviation measures volatility with a high standard deviation pointing to more volatility than less. Stocks with a high volatility are by definition, not very stable.
Masterful Pocket watches has a higher standard deviation than Perfect Plungers Plus which means that Perfect Plungers is more stable than Masterful Pocket watches when it comes to closing prices. Perfect Plus would therefore be the best option for providing a stable long-term investment based on this metric.
