Volcano of fire
i believe that this is your answer
The answer to this question is the Current Population
Survey. The Current population survey or CPS is a survey on the United States
households that primarily about 60,000 people that is done on a monthly basis.
This survey is done by the United States Census Bureau. The data that is being
gathered are to be used by the Bureau of Labor Statistics that surveys about
the employment status of the people.
Answer:
c. Economic entity assumption
Explanation:
There are various assumptions and principles out of which few are given below:
1. Expenses recognition principle: According to this, the expenses of a particular year would be recorded on that year itself as the sale is recorded for the particular year
2. Full disclosure principle: According to this, all the important information should be disclosed by the company which can change the decisions of the users of the company
3. Economic entity assumption: According to this, the business activities or record keeping should be separate from its owners, shareholders, etc.
4. Going concern assumption: According to this, the business should be run for a longer time or forever. It will keep the business in running and there is no intention to closed or liquidate it.
In the given situation, the most appropriate option is c.
Answer:
Gain in USD = 50000
Gain or Loss in EUR = 0
Explanation:
given data
investments = 500,000 euros
before euro = $1.20
now euro = $1.30
to find out
gain or loss in value of the inventory expressed in dollars and in euros
solution
we get Gain or Loss in USD = Euro amount × current exchange rate - Euro amount × old exchange rate ..................1
put here value
Gain or Loss in USD = 500000 × 1.30 - 500000 × 1.20
gain = 50000
and
Gain or Loss in EUR = current euro amount - old euro amount .......2
put here value we get
Gain or Loss in EUR = 500000 - 500000 = 0
Answer:
$4,400 mine exploration expenditures
$2,000 Sales of land
Explanation:
[$66,000 (sales price) - $68,000 (basis) on the sales of property = loss of $2,000
10 years Amortization for mine exploration:
2016 Cost 2017 Cost
Total $18,000 $22,000
Amount
2016 $1,800 -
2017 $1,800 $2,200
2018 $1,800 $2,200
$5,400 $4,400
2016 cost ($1,800 +$1,800+ $1,800) =$5,400
2017 cost ($2,200+$2,200)= $4,400
In 2018 a negative AMT of $4,000 ($1,800+$2,200) are necessary for mine exploration expenditures because
the cost are not deducted during the year in which it was incurred but amortized over 10 years and $2, 000 negative AMT adjustment for the sale of the land