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Over [174]
3 years ago
10

The historical cost principle requires that when assets are acquired, they be recorded ata. appraisal value.b. cost.c. market pr

ice.d. book value.
Business
2 answers:
Hitman42 [59]3 years ago
6 0

Answer:

b. cost

Explanation:

Assets are accounted for under IAS 16 Property plant and Equipment, IAS 38 Intangible assets and IAS 40 and 41 Investment property and Biological assets.

The historical cost principle requires that assets on initial recognition be recorded at cost. This cost is maintained even as depreciation is charged for the use of the asset.

The cost is then netted off the accumulated depreciation to get the net book value of the asset or the carrying amount.

Leviafan [203]3 years ago
5 0

Answer:

The historical cost principle requires that when assets are acquired, they be recorded at b. cost

Explanation:

Historic Cost Principle is Accepted under US GAAP and requires that assets be shown in the balance sheet at their original cost of purchase instead of their current value.

Cost of Purchase include all costs incurred to purchase the asset and any direct expense towards putting asset in the location and condition intended for use by the owner.

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The options in this question are missing; here is the missing section:

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A. Product and customer

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Explanation:

Departmentalization refers to the creation of departments, units, etc. in businesses to better achieve goals and distribute roles and activities. This can be based on location, products, function, etc.

In the case of Spicy Dish, there is a clear geographical departmentalization because this distributor has created units based on location, due to this, the company has a unit in each major geographical region such as North America, Europe, etc. Moreover, this company has created units based on products because in North America they created two different units and each specializes in one of their products (beans/salsa.)

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4 years ago
Allowance for Doubtful Accounts will have a.an unadjusted debit balance at the end of the period if the write-offs during the pe
sasho [114]

Answer:

A. an unadjusted credit balance at the end of the period if the write-offs during the period were less than the beginning balance.

Explanation:

8 0
3 years ago
The Isberg Company just paid a dividend of $0.75 per share, and that dividend is expected to grow at a constant rate of 5.50% pe
hoa [83]

Answer:

The company's current stock price is $ 18.62.

Explanation:

To calculate the company's current stock price we have to use first the following formula to calculate the: Expected Return of stock

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Expected Return of stock= 4+1.15*5      

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D1 =0.75*105.5%    

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4 years ago
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Most likely Her kids I suppose

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3 years ago
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Multinat is a large corporation with its headquarters in Asia. It wants to open new divisions in Africa and Australia. The compa
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