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Artemon [7]
4 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]4 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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The following price quotations are for exchange-listed options on Primo Corporation common stock.
MrRissso [65]

Answer:

$729

Explanation:

The computation of the one call option is shown below:

= Call option price × number of shares

= $7.29 × 100 shares

= $729

Simply we multiplied with the call option price with the number of shares so that the one call option could be calculated as we have to find out the one call option price

All other information which is given is not relevant. Hence, ignored it

7 0
3 years ago
Crystal lives in the fictional country of Cuse, which raises government revenue by taxing everyone the same amount. The governme
Inessa05 [86]

Answer: $0; $0

Explanation:

New classical economists believe that any fiscal policy that the government embarks on is ineffective on the goods demanded by people.

If the government reduces taxes, Crystal (according to the New classical) will believe that the government will raise taxes in future to make up for the shortfall so she will send the $2,500 to savings so she can be able to pay off the future taxes.

If the government increases spending, Crystal will believe that this will be financed by future tax increases so she will still save the money to pay off future taxes.

5 0
3 years ago
You borrow $10,000 today at a nominal rate of 5%; inflation for the past 10 years has been exactly 2%. Today, inflation instantl
Tamiku [17]

Here is the answer choice to the question

a. the real rate of interest on your loan is 14%.

b. the real rate of interest on your loan was previously 10% and is now 35%.

c. the real rate of interest on your loan is now –2%.

d. you will pay the lender back exactly $9,500.

e. you will pay the lender back exactly $10,700

Answer:

C. the real interest rate on your loan is now -2%

Explanation:

The real interest rate of can be gotten by subtracting the nominal interest rate from the inflation rate from nominal interest rate

Inflation rate = 7%

Nominal interest rate= 5%

= 5 percent - 7 percent

= -2%

The real interest rate can be defined as the rate of interest an investor, saver or lender is going to receive after they have allowed for inflation.

6 0
3 years ago
Mars Inc. printed 1,200 brochures with the intention of distributing them using a national newspaper. The brochures were subsequ
In-s [12.5K]

Answer:a preprinted insert

Explanation:Preprinted inserts are often used by advertisers who want to use a heavier paper stock than the carrier publication and/or who want to have control over print quality and color.

8 0
3 years ago
Read 2 more answers
On April 17, 2021, the Loadstone Mining Company purchased the rights to a coal mine. The purchase price plus additional costs ne
nata0808 [166]

Answer:

1. The depletion for 2021 is $1,028,000 .

2. No, depletion is not considered part of the product cost and isnt included in the cost of inventory

Explanation:

1. Depletion per ton = $4280000/1070000

                                  = $4 per ton

Depletion for 2021 = 257000 tons*$4

                                = $1,028,000

Therefore, The depletion for 2021 is $1,028,000 .

2. Depletion is not considered as part of product cost, It is shown as expense on income statement and reduced from the value of natural resource and so it is equivalent to depreciation of assets.

Therefore, No, depletion is not considered part of the product cost and isnt included in the cost of inventory

5 0
4 years ago
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