activity shortly before the bankruptcy filing or divorce
Answer:c
Cost Principle,
<span>requires that assets be recorded at the cash amount (or its equivalent) at the time that an asset is acquired.</span>
Answer:
e. External opportunity
Explanation:
An external opportunity is an extension of the market due to some external development outside the industry. In this case, the cruise industry has benefited in a major way due to external developments.
Answer:
The Journal entry is as follows:
Land A/c Dr. $400,850
To Cash A/c $100,850
To Notes payable $300,000
(To record purchase of land with cash and notes payable)
Workings:
Purchase price of land = $392,000
Total cost of land:
= Purchase price of land + Property taxes + Title insurance + Removal of building
= $392,000 + $2,100 + $950 + $5,800
= $400,850
Answer:
c. ribbon
Explanation:
Ribbons are command bars or toolbars which organize features of a program into series of tabs at the top of a window. Ribbons appear across the top of each page and display many of the most commonly-used tools, controls, and commands. Ribbons increase discoverability of features and functions of the programs.
