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3 years ago

The third level of the conceptual framework includes the:

Business

1 answer:

Leona [35]3 years ago

5 0

Answer:

It is recognition, measurement, and disclosure concepts (D)

Explanation:

Elements of financial statements : this falls under the second level of the conceptual framework.

Objective of financial reporting : this falls under the first level of the conceptual framework.

Qualitative characteristics of accounting information : this falls under second level of the conceptual framework

Recognition, measurement, and disclosure concepts: this falls under the third level of conceptual framework.

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At the beginning of Year 1, Trey Inc., purchased a machine with a total acquisition cost of $33,000. The machine has an estimate

soldier1979 [14.2K]

Answer:

$8,000

Explanation:

Data provided in the question:

cost of machine = $33,000

Estimated residual value = $3,000

Estimated useful life = 3 years

Estimated useful life in terms of production = 60,000 units

Total units produced in year 1 = 16,000

Now,

Rate of annual depreciation with respect to units produced

= [ Cost - Salvage value ] ÷ Estimated useful life in terms of production

= [ $33,000 - $3,000 ] ÷ 60,000

= $0.5 per unit

Therefore,

Depreciation expense for the year 1

= Rate of annual depreciation × Total units produced in year 1

= $0.5 per unit × 16,000 units.

= $8,000

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3 years ago

Consumer tastes and Preferences:Diets Promote Low Car Craze(low carbohydratefood). What happens to the demand for pasta (a high

butalik [34]

Answer

Are there any answer choices

Explanation:

6 0

3 years ago

While specialization allows firms to produce many goods and services at lower production and transaction costs than individuals

stich3 [128]

Answer:

Technological advances such as computers, crock pots, and bread makers have increased household's efficiency in producing many goods.

Explanation:

With the advances in technology, almost every process has become less time-consuming and more convenient. Most people go for one one-time solution for getting the job done. For example, a lot of households have invested in specialized machinery such as bread makers, juicers, etc so they don't have to outsource simplest of things. Moreover, this is less costly as getting things done from elsewhere involves taxes.

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3 years ago

Information such as parking issues, choice of location, and specialized equipment should be included in the _______ portion of y

34kurt

C i believe is the best answer

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3 years ago

Read 2 more answers

Licensees are responsible for paying the costs of legal document preparation when they are preparing such documents for their cl

Blababa [14]

Answer:

The broker is responsible for bearing the cost.

Explanation:

The licensees are responsible for paying the costs of legal document preparation even if the documents were prepared by an agent. The broker may delegate the work but the responsibility cannot be delegated, and it is their responsibility to pay for these costs.

The only exception to this rule can happen when the legal documents are prepared by an attorney that represents the parties involved in the transaction.

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4 years ago