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Mama L [17]
3 years ago
7

During 20X1, Sloan, Inc., began a project to construct new corporate headquarters. Sloan purchased land with an existing buildin

g for $750,000. The land was valued at $700,000 and the building at $50,000. Sloan planned to demolish the building and construct a new office building on the site. What is the appropriate accounting treatment for interest of $147,000 on construction financing incurred after completion of construction?A. Classify as land and do not depreciateB. Classify as building and depreciateC. Expense
Business
1 answer:
bulgar [2K]3 years ago
8 0

Answer:

C. Expense

Explanation:

The interest during construction can be capitalized through the bulding and depreciate along with them.

In this case the interest occurs after the completion of construction so are considered expense of the period.

It should be considered interest expense.

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A variable cost a. is synonymous with labor costs b. changes in the same direction and in direct proportion to changes in operat
pishuonlain [190]

Answer:

b. changes in the same direction and in direct proportion to changes in operation activity.

Explanation:

Variable costs are expenses that vary with changes in production level. A variable cost is attached to the production of a particular product or service. An example of variable cost is the raw material expense. As the production level rises, more raw materials will be needed for production.    

The relationship between variable costs and output level is direct and proportional. An increase in output requires more materials and other consumables. As variable costs are associated with the production process, an increase or decrease in production level results in a similar or increase or decrease in variable costs.

6 0
4 years ago
In the __________ decision-making method, group members voice their feelings and opinions, but the final decision is made by the
Soloha48 [4]
In the Decision of Authority <span>decision-making method, group members voice their feelings and opinions, but the final decision is made by the boss or leader..
In this method, the voice of the group members only serves to give different perspectives for the leaders so they could make a decision that they believe will be better for the group</span>
8 0
3 years ago
The owner of a soccer team and local stadium has commissioned a study that showed the demand by fans for stadium seats (per play
AVprozaik [17]
The most probable answer here should be the teams playing. Each of the fans will have to support their favorite team, making the stadium be in more demanding situation if the fans' favorite teams are on play. The number of seats will most likely sell out during this period.
4 0
3 years ago
3. Ngày 01/01/N, Công ty F nhận đƣợc một thƣơng phiếu do công ty A phát hành với
nekit [7.7K]

Answer:

Hjkkjkgkoorkkk

Explanation:

Fsedddtkkfldkktkejkrkkrjkdkdje

7 0
3 years ago
If a product is considered a bundle of attributes, what would be two attributes of a tube of toothpaste
labwork [276]

If a product is considered a bundle of attributes, the two attributes of a tube of toothpaste will be: Weighs 10 grams and is Water resistant.

A product is considered a bundle of attributes that could be tangible or not.

In describing the product attributes of a toothpaste tube, we could reference the fact that it is lightweight and is resistant to water.

These attributes are the features that make the product attractive to consumers.

Learn more about product attributes here:

brainly.com/question/14563539

4 0
3 years ago
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