Answer:
$147,000
Explanation:
According to the historical cost principle, the assets of the company should be recorded at the purchase price or acquisition price in the financial statements
Since in the given situations many values are given with respect to the acquisition done by the seller, for tax turquoises, etc
But it is recorded at the purchase price i.e $147,000
Only pure risks<span> are </span>insurable<span> because they involve only the chance of loss. They are pure in the sense that they do </span>not<span> mix both profits and losses. ... Both </span>speculative risk<span> and pure </span>risk<span> involve the possibility of loss. However, </span>speculative risk<span> also involves the possibility of gain as well - even if there is </span>no<span> loss.</span>
Answer:
<h2>The types of commercial activities are as follows:</h2>
Accounting: This is the process that deals with the flow of money in an organisation.
Marketing: This helps in the improvement of brand recognition in the market and it aids the process of sales.
<h3>THENKUU! </h3>
Answer:
c. $42,000 increase
Explanation:
The computation of the change in cash realizable value is shown below:
= Adjusted cash balance - Cash realizable value
where,
Adjusted cash balance = Ending balance of accounts receivable + sales on account - collections - written off amount - bad debt expense
= $525,000 + $145,000 - $86,000 - $8,000 - $54,000
= $522,000
And, the cash realizable value is $480,000
Now put these values to the above formula
So, the value would be equal to
= $522,000 - $480,000
= $42,000 increase
