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kolezko [41]
4 years ago
6

When nonmonetary assets are traded in an exchange that lacks commercial substance and no cash is received, any loss is recognize

d immediately.a. True
b. False
Business
1 answer:
Pavlova-9 [17]4 years ago
6 0

Answer:

The correct answer is letter "A": True.

Explanation:

Nonmonetary assets are objects a firm possesses in which cash value is complicated to determine for accounting purposes. The value of those assets may vary with time in front of different economic scenarios. When these types of assets are sold in markets where there is few to no liquidity and the calculated amount for the object is not transferred, the loss is recognized as it happens.

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Unearned fees appear on the a.balance sheet as a current liability b.balance sheet in the current assets section c.income statem
forsale [732]

Answer:

a.balance sheet as a current liability

Explanation:

Unearned fee refers to money received from a customer for services not yet done,  or for goods not delivered. It is a prepayment for work not yet done. Unearned fees are reported in the accrual accounting system. The economic activity that results in earning revenue has not been executed.

Unearned fees create an obligation for the business to honor. The business becomes indebted to the customer who has made a prepayment. An unearned fee is thus a debt and has to be recorded as a liability. In practice, the service or goods paid for in advance should be delivered within the same period. Therefore, the unearned fee is recorded as a current liability.

7 0
3 years ago
Time to reach a financial goal You have $42,180.53 in a brokerage account, and you plan to deposit an additional $5,000 at the e
andrew11 [14]

Answer:

It take to reach your goal is 11 years

Explanation:

given data

initial fixed amount = $42,180.53

deposit additional = $5,000

account totals = $250,000

expect to earn r = 12%

solution

we will apply Future value of annuity that is express as

Future value of annuity = initial fixed amount ×  (1+r)^{t} + deposit additional  × \frac{(1+r)^t-1}{r}     ......................a

put here value and we get

250,000 = 42,180.53  \times (1+0.12)^{t} + 5,000 \times  \frac{(1+0.12)^t-1}{0.12}          

solve it we get

time t = 11

so it take to reach your goal is 11 years

6 0
3 years ago
A major result of increasing urbanization in african nations has been the
Alenkinab [10]
A major result of increasing urbanization in african nations has been the movement of people from the country to the city and probably less people involved in agriculture. Also, it would probably result in a more informed populace since cities tend to be more complex societies than villages and more connected to what is happening in the world.
4 0
3 years ago
In the context of regulatory focus theory, a prevention focus captures the motivation to _____.
timurjin [86]

The prevention focus in capturing motivation to be able to maintain the homeostasis in which is in context or in lined with the regulatory focus theory that is focused on the behavior of the consumers of who orient themselves through focus such as promotion of prevention. 

8 0
3 years ago
Carrie owns a boutique shop that sells decorative, handmade pottery. She's choosing an online ad campaign to allow a seamless sh
mestny [16]

The main benefit that the shopping campaign ads will offer Carrie is that it will help to give detailed information about her product before they click the ads,

Basically, the shopping campaigns ads is a advert placed online or website to attract prospective customer

  • This ads campaigns help business-owners to promote their products because its gives the users detailed information about what they are selling even before they click on the ad.

In conclusion, the main benefit that the shopping campaign ads will offer Carrie is that it will help to give detailed information about her product before they click the ads,

Read more about shopping campaigns ads:

brainly.com/question/7157524

8 0
3 years ago
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