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Artemon [7]
3 years ago
11

Leonard company uses and discloses different depreciation methods for the major classes of property, plant, and equipment. which

accounting principle is leonard company addressing?
Business
1 answer:
Licemer1 [7]3 years ago
6 0
The accounting principle that is being addressed by Leonard would be the full-disclosure principle. This requires a certain company to provide all information that is necessary in making decisions especially in the financial aspect to be able to make sound and informed decisions.<span />
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Storm Concert Promotions Valle Home Builders Actual indirect materials costs$12,400 $7,000 Actual indirect labor costs 55,900 46
Minchanka [31]

Answer and Explanation:

Storm Concert Promotions

The computation of overhead is shown below:-

Factory Overhead-Storm

Indirect materials $12,400           Applied overhead    91,600

Indirect Labor       $55,900

Other overhead

costs                       $16,000

                                                   Overapplied overhead $7,300

The Journal entry is shown below:-

Factory overhead Dr, $ 7,300

     To Cost of goods sold $7,300

(Being cost of goods sold is recorded)

Valle Home Builders

The computation of overhead is shown below:-

Factory Overhead-Value home builders

Indirect materials $7,000           Applied overhead    98,300

Indirect Labor       $46,900

Other overhead

costs                       $48,900

                                                  Overapplied overhead $4,500

Factory overhead Dr, $ 4,500

     To Cost of goods sold $4,500

(Being cost of goods sold is recorded)

5 0
3 years ago
What are the 4 phases in doing research?describe each phase <br>(for psychology)​
mojhsa [17]

Answer:

•Discovery

• Data

• Analyze

• Ethical

Explanation:

• Discovery . Here, there are observations of events or actions which bring about new knowledge that will be further exposed to new hypothesis.

• Data . Raw data(qualitative- non numerical and quantitative -numerical) are collected in this stage and then processed to become information.

• Analyze . This is a stage where the processed data and information are analyzed. It is where the data are cleaned, inspected, transformed and then modeled with the aim of making meaningful insights, drawing conclusion and then support further decision making.

• Ethical. In this stage, researchers check to determine whether their procedures are ethical or not. This is where the data analysed are checked whether they conform with the correct rule of conduct.

3 0
3 years ago
An individual who wants others to pay for public goods, but plans to use those goods for their own purposes, is often referred t
Ann [662]

Answer:

free rider

Explanation:

Free Rider is someone who would not choose to pay for a certain good or service, but who would get the benefits of it anyway if it were provided as a public good.

7 0
3 years ago
Read 2 more answers
Beaverton Lumber purchased a milling machine for $35,000. In addition to the purchase price, Beaverton made the following expend
salantis [7]

Answer:

$41,500

Explanation:

Calculation to determine What was the initial cost of the machine to be capitalized

Purchase price $35,000

Add Freight $1,500

Add Installation $3,000

Add Testing $2,000

Total Cost $41,500

Therefore the initial cost of the machine is $41,500

3 0
2 years ago
An individual's ecological footprint is equivalent to the:
makkiz [27]

Answer: option D is correct

Explanation:

This is the biologically productive land that can sustain the individuals activities. It takes into account resources needed to produce goods and clean up it's waste.

7 0
2 years ago
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