Answer: True
Explanation:
As a result of the Accrual principle in accounting, transactions need to be recorded in the period that they occur in and not in the period they are paid for in.
The interest in Year 1 was incurred in year 1 and so will need to be recorded in year 1 for the period from issuance of the note to the last day of the accounting period.
This means that if the last day of the accounting period is December 31st, the interest for year 1 would have to be accrued from September to December of year 1 and recorded as year 1 interest.
Answer:
False
Explanation:
White hat SEO is also called simply SEO and it is the practice of improving content of a website using approved Google search engine optimisation techniques.
Search engine optimisation is the process by which content of a website are made to be of high quality. Search engines rank web content based on how relevant they are to the enquiry made.
The more relevant the content the higher it ranks on search engines.
However black hat SEO techniques are used to fool search engines into thinking the content is of high quality. Practices such as keyword stuffing is a black hat technique which is penalised by Google.
Organizations use Tactical planning to determine what contributions the departments or work units can make toward the organization's strategic priorities and policies during the next 6 -- 24 months.
<u>Explanation:</u>
Tactical planning is a precise ascertainment and scheduling of the paramount or short-term pursuits expected in fulfilling the aspirations of strategic planning. The tactical planning manner occurs in real-time, endeavoring short-term consequences. Possessing this methodology in point empowers the company to execute agile tactics to surpass within the corresponding sale.
In the tactical point, the business is reacting to urgent certainties. Tactical planning is abnormally frequent with performance-driven activities. Immobile job positions with recurring responsibilities like recording and making infrequently want a tactical plan because compatible is the most eminent state consequence in these job roles.
Answer:
it is one-fourth of the no whose half is taken
Answer:
1. $173,500
2. $ 71,000
Explanation:
Requirement 1: Solution
We can calculate the fair value of new parcel of land just by adding the current market price with additional cash paid to complete the transaction
Fair Value = Current market price + cash paid additionally
Fair Value = $150,000+$23,500
Fair value = $173,500
Requirement 2: Solution
We need to calculate Gain/loss on exchange first in order to record them on books. This can be done by just subtracting the land's book value from the current market price of land
Gain/loss on exchange = Current market price - book value
Gain/loss on exchange = $150,000 - $79,000
Gain/loss on exchange = $71,000
Entries: Debit Credit
New land $173,500
Old land $79000
Cash $23,500
Gain $71,000
