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MrRa [10]
3 years ago
13

Which of the following accounts would not be included in the Acquisition and Payment for Long-Lived Assets Cycle? a. Revenue. b.

Gain on disposal.
Business
1 answer:
velikii [3]3 years ago
7 0

Answer:

The correct answer is A

Explanation:

Acquisition and Payment Cycle, also called as the PPP cycle for which the payments, purchases and payables, is mainly comprise of the two classes of the transaction. This cycle is regarding the payables and to pay off the payables with cash.

Acquisition and payment of the long lived assets, which are those assets, the business retain for at least one year. The revenue will not be included in the cycle because it is related to the payables.

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Plz help I will make u brainleist!!four points difference between engineering and architecture​
galina1969 [7]
Agriculture is the art or science of cultivating the ground, including the harvesting of crops, and the rearing and management of livestock; tillage; husbandry; farming while engineering is (label) the application of mathematics and the physical sciences to the needs of humanity and the development of technology.


(Change the words around a little bit Incase they mark u for plagiarism)
5 0
3 years ago
Suppose Stan owns a piece of property with a large lake. Initially, Stan and his family were the only people who swam in the lak
prohojiy [21]

Answer:

public

Explanation:

A public good is a good that is non excludable and non rivalrous.

An individual's access to the pool does not limit another person's access

Also, the pool is free, so it is non excludable

Before his death, the pool was a private good

A private good is a good that is excludable and rivalrous.

3 0
3 years ago
In expectancy theory, valence refers to the:
Vinil7 [7]

In the expectancy theory, valence refers to the: A. amount of effort a person puts towards a known goal. B. individual's perceived probability of performing the task at a particular level. C. anticipated satisfaction or dissatisfaction that an individual feels towards an outcome.
5 0
3 years ago
We do not owe you anything at December 31, 2018, as the goods, represented by your invoice dated December 30, 2018, number 25050
dangina [55]
I don’t understand this please explain it differently please
5 0
1 year ago
Peck corporation, a foreign subsidiary was acquired by a U.S. corporation on January 1, 2020. Determine the exchange rate used t
taurus [48]

Answer:

Land, Equipment, and Inventory will be restated on the closing date i.e. December 31, 2020. The rate of the currency exchange from local to foreign currency for equipment is on the day of purchase which is February 1, 2020.

Explanation:

1-Balance sheet items are restated on the closing date.

2-P & L items are restated on the transaction date.

As the items Land, Equipment and Inventory are all the balance sheet items, thus they will be stated on the closing date i.e. December 31, 2020.

Furthermore, the functional currency is foreign currency. Since the equipment is purchased in the domestic currency it has to be translated into the foreign currency at the rate as on the date of purchase i.e; February 1, 2020.

3 0
3 years ago
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