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8_murik_8 [283]
3 years ago
6

All of the following are disadvantages of fair value use except aparability between companies may be impacted by different fair

value measurements. b.fair values may cause more fluctuations as changes occur from period to period. c.fair values can only be used on balance sheet accounts. d.fair values may not be readily obtainable.
Business
1 answer:
beks73 [17]3 years ago
4 0

Answer:

The answer is c. fair values can only be used on balance sheet accounts.

Explanation:

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. This is value measurement generally used in accounting.

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Southwest Airlines offers a Rapid Rewards program that allows customers to count flights they have taken toward free future flig
Katyanochek1 [597]

Answer:

C) Club membership program

Explanation:

When Southwest Airlines offers free future flights to their customers, they are using club membership program. These programs are used to make stronger relationships with the customers. These type of programs are initiated from the CRM (Customer Relationship Management) departments of an organization. Companies want their customers to purchase their products and services over and again in the future, therefore, they offer them some incentives and bonuses in order to persuade them for using their products in the future.

8 0
3 years ago
Doctor Smith is contemplating the purchase of Dr. Johnson’s practice. Frank, his office manager, is about to prepare a worksheet
Margaret [11]

Answer:

(A) The nine-month statement should first be annualized.

Explanation:

In accounting when preparing financial statements there is a standard period of financial statements that should be adhered to. The financial statements should be of the same duration. So comparing a nine month financial statement to a twelve month financial statement is against standard accounting practices.

Moreover it will not give a clear picture when comparism is done this way. For example if two companies both have income of about $1,000,000 and financial statements of nine and twelve months are compared. The company with nine months financial statement will show lower income than the one with twelve month statement, and this is not the reality.

So the nine month statement should be annualised to ease comparability.

6 0
2 years ago
Which of the following is NOT a creative thinking exercise entrepreneurs use to generate ideas?
NNADVOKAT [17]
<span>recognition but not know how to begin to accomplish it. To facilitate ... class period. The exercisescould each be used as an icebreaker for an entrepreneurship class, ... ties between the exercises andentrepreneurship concepts are then presented in the following ..... Brainstorming: generating many radical, creative ideas.</span><span>
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7 0
3 years ago
On January 1, Concord Corporation issued $4300000, 9% bonds for $3995000. The market rate of interest for these bonds is 10%. In
Serga [27]

Answer:

The correct option is D,$292,500

Explanation:

The unamortized bond discount is the balance of the bond discount left at the end of first year when that year portion of bond discount has been amortized.

In order to ascertain the balance of the unamortized bond discount,we prepare the bond schedule showing how much was amortized in the year as follows:

Bal b/f                 interest expense at10%   coupon payment 9%           Bal c/f

$3,995,000         $399,500                         $387,000                     $4,007,500

The amortized interest is the difference between the interest expense based on the cash proceeds and the coupon payment calculated on the face value of $4.3 million

amortized discount=$399,500-$387,000=$12,500

Total bond discount=$4,300,000-$3,995,000=$305,000

unamortized discount=$305,000-$12,500=$292,500

                           

3 0
3 years ago
The primary purpose of a career assessment test is to
ser-zykov [4K]
<span>Suggest careers for which the subject might be well suited.</span>
6 0
3 years ago
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