1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mazyrski [523]
3 years ago
10

Debt is frequently incurred when plant assets are acquired. For example, debt may be incurred on the purchase of plant assets. D

ebt may also be incurred during the construction of plant assets. How is the interest in these two cases treated for financial reporting?
Debt for purchase Debt during construction
expense capitalize
expense expense
capitalize capitalize
capitalize expense
Business
1 answer:
S_A_V [24]3 years ago
8 0

Answer: Expense capitalize

Explanation:

 The expense capitalize is the term which is used to refers to the capitalizing the given cost of the expenses based on their values for the purpose of evaluating all the expenses in the balance sheet.

The capitalize the expenses provide various types of benefits to the firms for obtaining the various types of updated assets that typically helps in providing the long term duration.

According to the given question, the interest in the given two cases is basically treat by expense capitalize for the purpose of financial reporting.

Therefore, Expense capitalize  is the correct answer.  

 

You might be interested in
Theo is in target looking for a gift for his girlfriend. theo is not sure of what he wants except in general terms. at what leve
adoni [48]
The level of need awareness that Theo is in is in the preconscious state. This level enables the individual to remember or recall memories or emotions that the individual felt and were not repressed. This is the level of awareness in which the memories of the individual stays or resides in.
8 0
3 years ago
Suppose the Fed purchases $100 million of U.S. securities from security dealers. If the reserve requirement is 20 percent, the c
Alja [10]

Answer:

Option (D) is correct.

Explanation:

Given that,

Amount of securities purchased = $100,000,000

Reserve requirement ratio = 20 percent

Money multiplier:

= 1 ÷ Reserve requirement ratio

= 1 ÷ 0.20

= 5

Increase in money supply:

= Money multiplier × Amount of securities purchased

= 5 × $100,000,000

= $500 million

Therefore, the total impact on the money supply will be a $500 million increase in the money supply.

7 0
3 years ago
Schnucks Supermarket promotes products like milk, eggs and other daily essentials at very low prices in order to attract consume
Veseljchak [2.6K]

Answer:

C. Build consumer traffic

Explanation:

By lowering the prices of daily essentials like milk and eggs Schnucks Supermarkets is building consumer traffic in their stores. The lower prices will tend to attracts more and more consumers because of that demand principle of the lower the prices the higher the demand. When the consumers increases what the supermarket achieves is a bigger consumer traffic in their store.

7 0
3 years ago
1. Identify which responsibility center would best describe the​ following: The production line of American​ Apparel, where clot
andreev551 [17]

Answer:1 B. Cost Center

2.A. Revenue Centre

3D. Investment Center

4 C. Profit Centre

Explanation:

The duty and power of a centre determined is responsibility centre a unit that is basically involved in production will be responsible for cost, a unit that is involved in sales will be a revenue centre, a unit that combines sales, production and asset will be an investment center and a unit that combines revenue and cost is a profit center.

6 0
3 years ago
Swifty Corporation issued 100000 shares of $10 par common stock for $1250000. A year later Swifty acquired 15900 shares of its o
Drupady [299]

Answer:

the journal entries should be:

Dr Cash 1,250,000

    Cr Common stock 1,000,000

    Cr Additional paid in capital 250,000

Dr Treasury stock 238,500

    Cr Cash 238,500

Dr Cash 161,500

    Cr Common stock 85,000

    Cr Additional paid in capital 76,500

4 0
3 years ago
Other questions:
  • What was one part of Mawi’s story that stood out to you from his videos? Why did it stand out?
    5·2 answers
  • Many firms develop ____ to answer the question: who is your target market?
    10·1 answer
  • A company needs to locate three departments (X, Y, and Z) in the three areas (I, II, and III) of a new facility. They want to mi
    13·1 answer
  • Which of the following cosmetology careers would provide services to permanently remove unwanted hair on the face or body?
    11·2 answers
  • The management of duker corporation is investigating purchasing equipment that would increase sales revenues by $130,000 per yea
    10·1 answer
  • A bank that uses a computer system to record deposits and withdrawals from its customers' checking accounts is using a(n):
    13·1 answer
  • Successful differentiation allows a firm to Multiple Choice attract many more buyers by charging a lower price than rivals and t
    8·1 answer
  • Does anyone’s else’s teacher do this and does not let you complete the test-
    6·1 answer
  • You deposit $1,000 into a 2 year Certificate of Deposit (CD), which earns 2% interest per year. During those 2 years, the inflat
    13·1 answer
  • Tulane Tires wrote a contract for a $104,000 sale of tires to the new Garden District Tour Company. Tulane only anticipates a sl
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!