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eduard
3 years ago
10

"Rico's Grill, Inc. is solely owned by Rico Vito. Rico's Grill borrows $10,000 from a local bank to finance the purchase of a ne

w range. The payments are to be made monthly over a two-year period. The bank"
Business
1 answer:
Aneli [31]3 years ago
8 0

Answer:

Need not make any special disclosure

Explanation:

The reason is that it is not a parent-subsidiary transaction which means if the group as a whole trade with each other then they must add a special disclosure in the financial statement otherwise it must be neglected. The company must not specially disclose small borrowings from the lenders when it is presenting that figure in the financial statement borrowing figures. If the transaction is between the group or the borrowings are prominent it must be disclosed separately in the note to financial statement.

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Vert Company purchased Dextrin common stock for $150,000. At December 31, Year 2, the Fair value adjustment account had a debit
VashaNatasha [74]

Answer:

B. Credit to the fair value adjustment for $6000

Explanation:

December 31 (year 2)

Fair value adjustment account balance = $10,000 (Debit)

December 31 (year 3)

Fair value adjustment account balance = $154,000 - $150,000 =$4,000 (Debit)

As you can see in year 2 there were only $10,000 (debit) in fair value adjustment account but in year 3 the value dropped down to 4,000 debit which leads us to the journal entry of $6,000 Credit in fair value adjustment account balance

7 0
3 years ago
Cost behavior refers to the methods used to estimate costs for use in managerial decision making. True False
bazaltina [42]

Answer:

True

Explanation:

It's A.A because it makes more sense then b Falsehood

8 0
3 years ago
You notice that when a new yoga class is offered at the student recreation center at a highly desirable time, some students from
blsea [12.9K]

You notice that when a new yoga class is offered at the student recreation center at a highly desirable time, some students from the other yoga classes go to the new class instead. This statement best represents this economic concept people usually exploit opportunities to make themselves better off.

Recreation includes all of the pursuits people make for the purpose of renewing their bodies and brains and adding interest and enjoyment to their free time. Exercises like walking, swimming, meditating, reading, playing games, and dancing are examples of leisure activities.

At its most fundamental level, economics aims to explain how and why we choose the products we do. Scarcity, supply and demand, costs and benefits, and incentives are four fundamental economic ideas that can be used to explain a variety of human decisions.

Learn more about economic concepts here

brainly.com/question/27569024

#SPJ4

8 0
2 years ago
1. A return of merchandise to the vendor results in a (A) debit to Purchases. (B) credit to Purchases Returns and Allowances. (C
Lyrx [107]

Answer:

Your correct answer ia A. debit to purchases

Explanation:

PLEASE MARK BRAINLIEST!!!

3 0
3 years ago
PLEASE HELP. QUESTIONS AT THE BOTTOM, TOP PART IS SOME LORE PER SAY.
deff fn [24]

Answer:

Explanation:

Question 1: Checkerz

If you're recreating the same type of biscuit/ cookie as Oreo's  then checkerz would make sense as the pattern of the biscuit ( aka black, white, black) reminds potential buyers of the classic game of checkers.

sweet'n'fusions (as the cream filling is fused between the two biscuits)

cream bites

raven munchers (as the two outer biscuits are dark like ravens)

gogo's (to get you energised and ready to go)

Question 2

- bright colours such as pink and electric blue to draw initial attention

- abnormal packaging shape such as hexagon to set it apart from other companies

- label clearly as vegan/ veg to draw more customers

Question 3

instead of having just the biscuit on its own, instead take the idea of reeces peanut butter cups but make the cup out of chocolate fudge brownie the peanut butter replaced by the Oreo

A brand extension in this case would not be a good idea considering many people associated Hydrox with cleaning supplies, many people who hear about the brand maybe put off by the subconscious thoughts of consuming cleaning products

I hope that was helpful to you and contained everything you wanted, i'll be more than happy to edit the answer if you think i left something out :)

7 0
3 years ago
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