Answer and Explanation:
The identification of the following terms as an accounting principle, assumption or constraint is
1 Business entity = Assumption
2. Measurement = Principle
3 Cost-benefit = Constraint
4 Revenue recognition = Principle
In this way the identification of the accounting terms would be done
The same is relevant too
Answer:
Explanation:
The journal entries are shown below:
Cash A/c Dr $582,000 ($600,000 × 0.97)
Discount on Bonds Payable A/c Dr $18,000
To Bonds payable A/c $600,000
(Being the issuance of the bond is recorded and the remaining balance is debited to the discount on bond payable account)
Cash A/c Dr $612,000 ($600,000 × 1.02)
To Bonds payable A/c $600,000
To Premium on bonds payable A/c $12,000
(Being the issuance of the bond is recorded and the remaining balance is credited to the premium on bond payable account)
Answer:
$14,400
Explanation:
The computation of the current book value of the machine is shown below:-
Value of the Machine two Years ago = $ 18,000
Annual Depreciation = Cost - Salvage Value ÷ Useful Life
= ($18,000 - 0) ÷ 10
= $ 1,800
Depreciation for two years = $1,800 × 2
= $ 3,600
The Current Book Value = Cost - Depreciation for two years
= $18,000 - $3,600
= $14,400
Answer:
Business activities may broadly be classified into two categories namely (A) Industry and (B) Commerce. Industry involves production of goods and services whereas commerce is concerned with the distribution of goods and services.
Explanation:
hope helps
Yes please how do I give it to you
