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4 years ago

The cost principle requires that when assets are acquired, they be recorded at __________.

1 answer:

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The right answer for the question that is being asked and shown above is that: "d. exchange price paid." The cost principle requires that when assets are acquired, they be recorded at d. exchange price paid<span>
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Sweet catering completed the following selected transactions during may 2016.May 1 prepaid rent for 3 months, 2,400, May 5: rece

Yuliya22 [10]

Answer:

-$3,770

Explanation:

The computation of the net income or net loss using the cash method for May month is shown below:

= Received cash for meals served to customers - prepaid rent paid - electricity paid for cash - paid cash for kitchen equipment

= $1,650 - $2,400 - $220 - $2,800

= -$3,770

As the journal entry for prepaid rent is

Prepaid rent A/c Dr $2,400

To Cash A/c $2,400

(Being the cash is paid in advance)

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3 years ago

Obie accuses Portia, a broker with QT Financial Services, of fraudulently inducing him to invest in Risky Development Company, w

Ghella [55]

Options:

A. Subjective statement

B. Misrepresentation of a fact knowing that it is false.

C. Puffery

D. Seller's talk

Answer:B. Misrepresentation of a fact knowing that it is false.

Explanation:The misrepresentation of fact is a term used most often in the legal system to describe one of the steps or attitudes of people who are fraudulently inclined and want to go into contracts.

Misrepresentation of fact is an untrue statement or dishonest acts aimed at fraudulently inducing one or more persons to commit to a contract,this type of activity is abnormal and common to people who want to steal.

7 0

3 years ago

After resisting a strong temptation to overeat during a lengthy but sumptuous all-you-can-eat buffet dinner, jason was unable to

Travka [436]

The situation above is an example of social facilitation. There are two types: co-action effect and audience effect. This is a clear example of audience effect.

Jason wasn’t able to resist the temptation to drink due to the presence of others in the meeting. He would have acted differently if he was alone.

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4 years ago

The possibility that management of the corporation may not be pursuing the same goals as the same goals as those of stockholders

Nana76 [90]

Answer:

PRINCIPAL-AGENT PROBLEM

Explanation:

The possibility that management of the corporation may not be pursuing the same goals as those of stockholders is what is referred to as 'the agency problem'. This agency problem refers to the potential conflict of interest embedded in any corporate relationship where the party managing the company is different from the owners.

The shareholders for example might out a very risky loan for the business in order to get performance bonuses but that might not be in the best interest of the stockholders.

3 0

3 years ago

the section of the purchase agreement you reviewed is not for the buyer to fill out. it is where the seller indicates whether th

Elena-2011 [213]

Documents the agreement between a seller and a listing broker to cease selling a property and specifies the terms for doing so cancellation of Listing.

<h3>Purchasing contract</h3>

A purchase agreement is a type of agreement that summarizes terms and conditions related to the sale of goods. As a legally binding contract between buyer and seller, the agreements commonly relate to buying and selling goods rather than services. They protect transactions for nearly any type of product.

<h3>What is the difference between sale and purchase agreement?</h3>

Before a transaction can happen, the buyer and the seller negotiate the price of the item to be sold and the term for the transaction. The SPA is a framework for the negotiation method.

To learn more about purchase agreement visit the link

brainly.com/question/10851096

#SPJ4

4 0

2 years ago