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makvit [3.9K]
3 years ago
5

A company decides to exchange its old machine and $154,000 cash for a new machine. The old machine has a book value of $126,000

and a fair value of $140,000 on the date of the exchange. The cost of the new machine would be recorded at
Business
1 answer:
scoray [572]3 years ago
8 0

Answer:

When two companies exchange an asset, the assets fair value is used as the price of the asset. In this case the company is paying 154,000 plus an old machine with a fair value of 140,000 so the cost of the new machine would be recorded as the sum of the cash paid and fair value of  the old asset.

140,000+154,000= 294,000

Explanation:

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Westwick Inc. is an advertising agency. Its employees are allowed to take decisions and work in ways that will help maximize the
Anna35 [415]

Answer:

<em>C) Organizational plurality </em>

Explanation:

Organizational plurality is a working environment in which all representatives are encouraged to collaborate in a way that promotes the gains for the company, clients and themselves.

As with the advertising agency, the employees are given chances to follow their decisions and maximize their experience.

5 0
3 years ago
The manager of a cost center has the responsibility for making decisions affecting ______.
Yuki888 [10]

The manager of a cost center has the responsibility for making decisions affecting revenues and costs.

Revenue is the full earnings produced with the aid of a given source a belongings predicted to yield a big annual revenue. Revenue refers to the overall earnings a enterprise generates through its middle operations like income of services or products, rents on a property, routine payments, hobby on borrowings, and many others. revenue calculations come before getting rid of any prices, which include discounts and returns.

Cost denotes the quantity of money that a corporation spends at the creation or production of products or offerings. It does now not consist of the markup for profit. From a seller's point of view, cost is the amount of money that is spent to supply a very good or product. Fee is defined as to be priced at something or to lose. An instance of cost is for a loaf of bread to be priced at $3. An instance of value is to give up your freedom to offer freedom to any other man or woman.

Learn more about revenue here:- brainly.com/question/25623677

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6 0
2 years ago
1. On December 31st, 2012, Bingo Corp. borrowed $50,000 from a bank. Half of the loan was to be repaid in 2013, and the other ha
olga2289 [7]

Answer:

undervalued assets an liabilities by 50,000

Explanation:

The financial statement for the fiscal year ended on December 31th, 2012

will have the following mistake:

Liabilities are undervalued by 50,000

Cash wll be undervalued by 50,000

As the note payable is not recorded neither the cash receipts from the loan.

Because this transaction is missing, we are not doing a correct representation of reality. This account will be undervalued.

4 0
4 years ago
Individuals in high-context cultures prefer direct verbal interaction, value individualism, rely on logic, say "No" directly, an
Flauer [41]

Answer:

False.

Explanation:

Individuals in high-context cultures do not show the above mentioned traits. High-context cultures requires elegance and sophisticated attitude and behavior and not much of the direct interaction in an unnecessary conversation. Rather, these traits of direct verbal interaction, value individualism, relying on logic, saying "NO" directly, and giving authority to written information are traits of low-context cultures. Therefore, the given statement is false.

4 0
3 years ago
Data related to the inventories of Costco Medical Supply are presented below: Surgical Surgical Rehab Rehab Equipment Supplies E
scoundrel [369]

Answer:

$85

Explanation:

Calculation for what the inventory of surgical supplies would be valued at

Net realizable value = $100 - $15

Net realizable value = $85

Therefore based on the above calculation the inventory of surgical supplies would be valued at $85

8 0
3 years ago
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