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jekas [21]
4 years ago
11

Donner Company is selling a piece of land adjacent to its business premises. An appraisal reported the market value of the land

to be $220,000. The Focus Company initially offered to buy the land for $177,000. The companies settled on a purchase price of $212,000. On the same day, another piece of land on the same block sold for $232,000. Under the cost principle, at what amount should the land be recorded in the accounting records of Focus Company?
Business
1 answer:
Mrrafil [7]4 years ago
5 0

Answer:

$212,000

Explanation:

The cost principle is an accounting concept fro recording asset in the books of accounts. According to this principle, assets should be recorded at the actual price paid for the item.  The phrase 'cost principle' is also referred to as the historical cost principle.

In the case of the Donnar company, the amount to be recorded should be $212,000. This is the agreed price. It is the actual amount that the Donner Company will pay for the land. The cost recorded is expected to stay constant unless amended through amortization, depreciation, or appreciation in value.

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When a locality is required by federal law to do something, regardless of whether it receives federal funding for that purpose,
Nataliya [291]

Answer:

B) mandate

Explanation:

A mandate refers to the legal obligation or order to do something. For example, a court can issue a mandate to close an appeal, or like in this case, a federal law can require a local government to perform some tasks even if the federal doesn't pay for it.

An example of a federal mandate that doesn't include financing is the Americans with Disabilities Act that requires certain specific changes to local infrastructure.

5 0
3 years ago
Concerning diversity, current trends and US organizations include
Bess [88]

The answer is: .Standardizing interview process to reduce bias and  non-traditional credentials

To achieve diversity, it is important to know that not all people experience the same thing in life due to The difference in their background.

Because of this , it is important to set a standardized interview process so all candidates could prepare for the same thing and to include non-traditional credentials to cover the people that may experience more hardship than others (such as poor economic background, living in high crime rate area, etc)

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3 years ago
Pfizer Corp. is introducing a really new product idea. Pfizer is spending a lot of money to inform potential customers and inter
Aneli [31]

Answer:

Market introduction

Explanation:

One of the stages of a product life cycle is introduction. Infact, it is the very first stage of a product life cycle.

Market introduction from the name can be said to be the stage of a product that involves quite a lot of advertising. The advertising is aimed at informing the populace about the availability of the product and the usefulness of such  product.

Simply put, product introduction is giving awareness about the availability of a new product and its benefits.

Cheers.

6 0
3 years ago
It is difficult to start up a major league sports team because existing professional teams have contracts with the best players
Drupady [299]

Control of a key resource is the barrier to entry of the startup of a major league sports team because existing professional teams have contracts with the best players and long-term leases on stadiums.

<h3>What is the barrier of control over key resources?</h3>

A monopoly is a market in which there is only one seller or a few sellers and no close substitutes for the seller's product or service. The term "monopoly" is technically applied to the market as a whole, but it is now widely applied to the sole vendor in a market as well.

The market may become a monopoly when one team has major control over a resource required for the startup of a team.

Thus, Control of a key resource is the to entry.

For further details about the control of a key resources, click her:

brainly.com/question/24180690

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5 0
2 years ago
John Diaz immigrated to Tallahassee, Florida from Cuba in the 1980’s. He set up a coffee shop called Diaz in a small upper-middl
dsp73

Answer:

Business format franchising.

Explanation:

Business format franchising is a type of business arrangement in which a franchisor confers the right to a franchisee to sell their goods and services. A franchisor provides support which enables the franchisee to function independently.

A major advantage of this type of business arrangement is that it enables the business to expand to different location. Franchising enables a business to maximise profit which would lead to the overall growth of the organisation.

7 0
3 years ago
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