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aleksandr82 [10.1K]
3 years ago
11

Question ObjectivesTest side bar expand button Q 3.2: According to the historical cost principle, if an asset costs $50,000 when

it was purchased, it would be recorded at its ________ over the time the asset is held. A : cost B : fair value C : appreciated value D : market value
Business
1 answer:
harkovskaia [24]3 years ago
3 0

Answer:

A.

Explanation:

The cost principle means that in accounting, any transaction is recorded at the historical purchase price.

A fair value is the amount at which an asset could be exchanged in an arm´s length transaction between knowledgeable and willing parties.

Revaluation of fixed assets is not allowed for GAAP.

An appreciated value is an increase in the value of an asset over time.

A market value is the price at which a product or service could be sold in a competitive, open market.

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The factors in society are all around us and them.
As corny as it might sound but the early promoted careers all are because the parents and the teachers and the community.
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3 years ago
The researchers at Beans Inc., a coffee manufacturing company, developed a new variety of high-quality ground coffee. The new va
chubhunter [2.5K]

Answer:

competitive advantage

Explanation:

Based on the information provided within the question it can be said that this is an example of communicating a product's competitive advantage.  This term refers to a specific condition that allows a company to be placed in a favorable or superior position within the industry which it is in. Which in this case having high quality coffee at an extremely low price when compared to the competition puts it in this favorable position.

3 0
3 years ago
Ollie Company experienced the following events during its first-year operations:
Umnica [9.8K]

Answer:

a. Events that will affect the income statement are :

  1. Part c
  2. Part d

b. Income statement that shows the results of Year 1 operations.

Revenue Earned             $59,000

Less Expenses :

Expenses                        ($43,000)

Net Income / (Loss)          $16,000

Explanation:

The Income Statement shows the Profit or Loss that resulted during the reporting period.

Only items of Revenue/Income and Revenue Expenditures (Expenses) are accounted for in Income Statement.

Profit or Loss = Sales <em>less</em> Expenses

4 0
3 years ago
Your grandfather made an investment of $4,000 the day you were born, as such starting to earn returns immediately. His assumptio
weeeeeb [17]

Answer:

Acumulated value=57,775.84

Explanation:

this problem can be solved applying the concept of annuity, keep in mind that an annuity is a formula which allows you to calculate the future value of future payments affected by an interest rate.by definition the future value of an annuity is given by:

s_{n} =P*\frac{(1+i)^{n}-1 }{i}

where s_{n} is the future value of the annuity, i is the interest rate for every period payment, n is the number of payments, and P is the regular amount paid

But there is an special thing to keep in mind and is the initial payment so we must to calculate the 4,000 in the future so we have:

Acumulated value=s_{n} +P*(1+i)^{n}

Acumulated value=1,500*s_{18} +4,000*(1+0.06)^{18}

Acumulated value=57,775.84

3 0
4 years ago
~~~30 POINTS~~~
koban [17]
1. is credit card
2. is debit card
3. is card

hope this helped!!!
4 0
4 years ago
Read 2 more answers
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