Answer:
The amounts to be recorded for the building and for Forman's Capital account are $80,000 and $60,000 respectively
Explanation:
According to the accounting principles, the fixed assets should be recorded at cost or market value whichever is lower
So, in the question, it is mentioned that the building has a market value of $80,000 so by $80,000 the building is recorded.
And, for the Forman's Capital account, the $60,000 should be recorded because we have to deduct the $20,000 building mortgage from the market value of the building so that the accurate value can be come.
Yes there is a tennis court there
Answer:
I believe that the answer would be true
Explanation:
Answer:
(E) ensuring the customer understands the company's history.
Explanation:
Approach phase is the third stage of selling process, in this the sales person meets the customer for the first time.
First 2 steps are prospecting and preparation.
Under prospecting the customers are identified who needs the products of the company.
Under preparation the slides are prepared about the company's product, that how it will be presented to the customer.
Under approach stage the salesperson meets the customer, and introduces where he came from, why he came, ad what does the company do.
After that only he further moves to understand and confirm with the estimated needs of customer.
Thus, statement (E) confirms that the customer knows about the company, and why the salesperson is here to meet him.
They traded with other farmers
