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MakcuM [25]
3 years ago
7

Fixed asset accounting systems include cost allocation and matching procedures that are not part of routine expenditure systems.

Business
1 answer:
nikklg [1K]3 years ago
8 0

Answer:

The correct answer is A.true.

Explanation:

Fixed asset accounting systems include cost allocation and matching procedures that are not part of routine expenditure systems.

As per financial accounting standards fixed assets cost is capitalized and than depreciated over its useful life. Only that amount of asset cost is charged in profit and loss account that has been depreciated during the reporting period. However, in case of other routine expenses full amount is charged in p/l, in the period, in which these costs are incurred.

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A company's net profit Margins M, expressed as a percent is determined using the formula M = 100l/R where I represent net income
Nikitich [7]

Answer:

3.37%

Explanation:

M = 100l/R.

M = 100 x $254,000 / $7,548,000 = 3.3651...

Rounding to the nearest hundredth, we get the net profit margin is 3.37%.

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3 years ago
When the corporation is harmed by the actions of a third party, the directors can bring a lawsuit in the name of the corporation
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4 years ago
Why must we always boil our drinking water during and after a cyclone has passed ​
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Answer:

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Alternatively you can use bottled water.

HOPE THIS HELPS !

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4 0
4 years ago
When researching a specific employer, what information should you be looking for?
SashulF [63]

Answer:

When researching a specific job What information should you be looking for?

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