Answer:
c
Explanation:
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Answer:
The correct answer is the option D: Both the foreseeable doctrine and the restatement doctrine.
Explanation:
On the one hand, the <em>foreseeable doctrine</em> dictates that there is a limit in the liability of party for those acts that he has done and that carry a risk of foreseeable harm. Therefore that this point of view establishes that a reasonable person would be able to understand and so to know when a certain action would bring certain damages to another party.
On the oher hand, the <em>restatement doctrine</em> establishes that there are a set of treatises on legal subjects that primarily are looking for to inform judges and lawyers about general principles of common law. And therefore that those treatises will help both the judge and the lawyers at the time of the trial when the person has to go to court.
Answer:
In the question, we are not given information with respect to sales costs, so we can only find total gross sales:
Sales Budget fist 2 quarters of the year
Product Sales Price Sales Q1 Sales Q2 Total gross sales
XQ-103 $14 22,590 27,710 $704,200
XQ-104 $27 14,880 16,200 $839,160
$1,53,360
A change in depreciation method is treated as a change in estimate that is achieved by a change in accounting principle, and is accounted for prospectively in the current and future periods.
The rules and regulations that businesses and other organizations must abide by when reporting financial data are known as accounting principles. These regulations standardize the terminology and procedures that accountants must employ, making it simpler to analyze financial data.
A unified set of accounting guidelines, methods, and standards known as generally accepted accounting principles (GAAP) were released by the Financial Accounting Standards Board (FASB).
The consistency that accounting principles establish enables more accurate and effective viewing of financial statements and reporting for businesses.
Learn more about accounting principles here
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Answer:
machine enter the accounting at <em> 138,210 dollars</em>
Explanation:
cost: 128,000 x ( 1 - 3%) = 124,610
shipping cost: 2,800
installation cost: <u> 10,800 </u>
total incurred cost
to leave the machine
ready for use: <em> 138,210</em>
<em />
<em>The damge are expenses for the period as they arent a necessary cost to utilize the machine.</em>
<em>The company used the discount price over the list price as this is the atual cost incurred</em>
