[preparing trial balance] I am suppose to be preparing a trial balance but base on the accounts and information I have, I have the cost amounts for two years. How would I do that?
The statement "in the cost approach to valuation, land value can be estimated by comparing sales of vacant land that are similar to the subject land" is true.
<h3>What is valuation?</h3>
Valuation is an estimation of the price of a good or a product. When a product is manufactured, its evaluation is estimated. It is estimated by seeing the manufacturing price, labor cost, and raw material cost.
Here, the valuation of vacant land and subject land is estimated, which is similar by seeing the comparison. So the statement will be correct about the comparison.
Thus, the statement is true.
To learn more about valuation, refer to the link:
brainly.com/question/16008101
#SPJ4
The question is incomplete. Your most probably complete question is given below:
State whether true or false.
Answer:
a.equity method investments where a company has holding of less than 20 %
Answer:
Product warrant liability to be reported as on 31.12.2021* is $3.124
<em>*The procedures are attached in a microsof excel document. </em>
Explanation:
This amount will be recognized as a liability only if product warranty amount can be rmeasured reliabily and there is probability that there will be an outflow of funds.
Answer:
Operating cash flows
Explanation:
Net present value is the present value of after tax cash flows from an investment less the amount invested.
NPV is a capital budgeting method used to determine profitable investments
