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tigry1 [53]
3 years ago
14

Which quality of an asset makes it more appropriate for the fair value principle rather than the historical cost principle?

Business
1 answer:
Alchen [17]3 years ago
8 0

Answer and Explanation:

Fair value refers to the current market price of the asset while historical cost is the cost at which the asset was acquired. Fair market value will always be higher than historical cost so it reflects the actual worth of the asset.

One of the qualities that makes valuing current assets at fair value rather than historical cost is the availability and reliability of current market price or fair value of current assets.

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Sarah can study 20 pages per night. each page has three homework problems. if she studies for 3 nights how many homework problem
ss7ja [257]
20 pages in one night times 3 nights = 60. 60 pages times 3 problems per page is 180 problems.

20*3=60
60*3=180
7 0
3 years ago
If The Wall Street Journal lists a stock's dividend as $1, then it is most likely the case that the stock: Multiple Choice pays
REY [17]

Answer:

paid $.25 per share per quarter for the past year

Explanation:

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8 0
3 years ago
A term that is not synonymous with property, plant, and equipment is
Murljashka [212]

Answer:

4. intangible assets.

Explanation:

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Current assets comprise cash, stock, receivable account, etc.  

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And, the intangible assets are patents, copyrights, goodwill, and other intellectual properties plus they are not seen or even touched.

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6 0
3 years ago
MC algo 3-13 Equity Multuiplier Use the following information to answer this question Windswept, Inc. 2017 Income Statement ($ i
Helga [31]

Answer:

The answer is Option D. 1.68 times

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