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lbvjy [14]
3 years ago
15

According to the FASB conceptual framework, certain assets are reported in financial statements at the amount of cash or its equ

ivalent that would have to be paid if the same or equivalent assets were acquired currently. What is the name of the reporting concept?
Business
1 answer:
Crank3 years ago
3 0

Answer:

Replacement cost

Explanation:

According to the Financial Accounting Standards Board (FASB), if the amount is paid for acquiring or purchasing the asset or replacing the asset the cost we called is known as replacing cost

The replacing cost arises when the company needs a more valuable asset than the previous one which produces a less number of items instead of producing more items.

So, according to the given situation, the replacement cost is an appropriate answer

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It’s B or D i would think but I can’t be for positive.. sorry if it’s wrong
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Which of the following are effective means of aligning management goals with shareholder interests?
gizmo_the_mogwai [7]

Answer:

E. I, II, III, and IV

Explanation:

All of the mentioned strategies would work.

Employee stock option provides the enthusiasm and energy to perform good among employees. This is beneficial for the company and shareholders as well.

The threat of takeover, scares the shareholders in losing their share, and effective voting right. Also the management feels threaten as the new company might replace them with the management personnel they desire.

Management bonuses help management to get a boost in energy and accordingly motivates to work good, also the shareholders desiring performance will find it effective.

The threat of proxy fight engages both the parties to behave properly towards each other and respect each other.

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3 years ago
(a) Dell Computers is a leader in the computer industry with over $ 59 billion in sales each year. A recent annual report for De
sp2606 [1]

1. Warranty Expense a/c……………..Dr $501,100,000

                 To warranty payable a/c…………….$501,100,000

(Warranty expense incurred)

   Warranty Payable a/c………………Dr $415,000,000

                 To Cash a/c…………………………..$415,000,000

(Warranty Expense paid by cash)

2. Cash a/c………………………Dr $90,900,000

                 To Unearned revenue a/c………$90,900,000

(Recognize the receipt of cash)

  Unearned revenue a/c…………..Dr $80,050,000 ($90,900,000 - $2,850,000)

                 To Revenue a/c……………………$80,050,000

(Recognized as revenue)

Warranty liability is a legal responsibility account in which a company records the amount of the repair or replacement cost that it expects to incur for products already shipped or services already provided. This can be an extensive liability for more complicated products subject to breakage.

Accrue the warranty expense with a debit to the warranty price account and a credit to the warranty liability account. As actual warranty claims are received, debit the warranty liability account and credit the stock account for the cost of the replacement parts and products sent to customers.

learn more about liability here brainly.com/question/25687338

#SPJ4

6 0
2 years ago
Pinewood Corp. used to have a strict hierarchical structure. Information was only given to those who required it. The new CEO, h
ANEK [815]

Answer:

The correct answer is boundaryless.

Explanation:

A boundaryless organization is an association in which management has managed to eliminate the barriers between internal levels, work functions and departments, as well as reduce external barriers between the association and those with whom it works. The development of a business in an organization without limits could include the creation of a more horizontal management structure, the promotion of interdepartmental projects and the empowerment of staff members.

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3 years ago
URGENT PLEASE!! I'LL MAKE YOU BRAINLIST AND 90 POINTS!!!! ECONOMICS
marishachu [46]

LeBron James would have the absolute advantage in mowing the lawn. This is because he can get in done in two hours rather than the four hours it would take Neighbor Scotty to do it. However, he would have a much higher opportunity cost, which is why Neighbor Scotty has the comparative advantage. He may not be able to mow the lawn as quickly as Lebron, but he can do it with a lowe opportunity cost.

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