Will typically have a strong-willed learning environment.
The answer is False.
You should not avoid making large-scale changes in your rough draft.
Answer:
Option (C) 160,000
Explanation:
Data provided in the question:
Appraisal value = $154,000
Offer price = $172,000
Cash = $40,000
Note payable = $45,000
Mortgage amount = $75,000
Now,
Cost basis recorded in the buyer's accounting records to recognize this purchase will be
= Cash + Note payable + Mortgage amount
= $40,000 + $45,000 + $75,000
= $160,000
Hence,
Option (C) 160,000
Answer:
The Correct Answer is "Accrue a $15 million liability and define it in a note to the financial report"
Explanation:
Collect a $15 million risk and clarify it in a note to the budget reports.
Since according to the bookkeeping standard of conservatism or show of conservatism, we ought to foresee and represent all the conceivable losses,but not benefits. Since the case have been made in 2021 we should accept it as a future conceivable misfortune and ought to be appeared in our records.
Answer:
Material Price Variance = $2,500 Unfavorable
Explanation:
Standard fabric for each cap = 2.00 yard
Standard price per yard = $2.00 per yard
Actual price per yard = $2.10
Actual Quantity = 25,000 yards
Materials price variance = (Standard price - Actual Price) Actual Quantity
= ($2.00 - $2.10) 25,000 = - $0.10 25,000
= - $2,500
Since it is negative in value it is Unfavorable