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Alinara [238K]
3 years ago
13

Interest may be capitalized: Multiple Choice On self-constructed assets from the date an entity formally adopts a plan to build

a discrete project. On routinely manufactured goods as well as self-constructed assets. Whether or not there are actual interest costs incurred. Whether or not there is specific borrowing for the construction.
Business
1 answer:
Mandarinka [93]3 years ago
7 0

Answer:

On self-constructed assets from the date an entity formally adopts a plan to build a discrete project.

Explanation:

Capitalized interest is an accounting practice required under the accrual basis of accounting. Capitalized interest is an interest that is added to the total cost of a long-term asset or loan balance. This makes it so the interest is not recognized in the current period as an interest expense.

Capitalization is the addition of unpaid interest to the principal balance of your loan. The principal balance of a loan increases when payments are postponed during periods of deferment or forbearance and unpaid interest is capitalized.

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Dodge, Incorporated acquires 15% of Gates Corporation on January 1, 2011, for $105,000 when the book value of Gates was $600,000
IceJOKER [234]

Answer:

a. $80,000

Explanation:

In this question we are only concerned about the net income reported by Dodge on its income statement.

First we need to calculate ownership % in 2012 = 15% + 25% = 40%

Net income of 2012 (Gates) = $ 200000

hence Dodge will report net income of 40% of 200000 = $80000

Hence the correct answer is A

Note: Dividends will not affect the investors net income but it would reduce the investment value of Gate reported by Dodge (as it is seen as a return on investment)

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3 years ago
After enrolling in the MBA program at Minor State University, Sheri began having second thoughts. Although MSU seemed to be a go
NARA [144]

Answer:

Option D                  

Explanation:

In simple words, Cognitive dissonance refers to the practical contact of mental stress that arises whenever an individual holds two or more contradictory beliefs, ideas, values or takes part in a behavior contrary to some of these three.

As per this concept, when two acts or thoughts do not coincide mentally with each other, individuals will do everything they can to alter these until they become compatible.

Thus, from the above we can conclude that the correct option is D .

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3 years ago
In the case of job _____, the bosses in many companies tend to groom workers who have winning characteristics similar to their o
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3 years ago
Read 2 more answers
Kawasaki Company incurred the following unit costs in manufacturing digital cameras: Direct Materials $14 Indirect Materials (va
Shtirlitz [24]

Answer:

Unitary variable cost= $42

Explanation:

Giving the following information:

Direct Materials $14

Indirect Materials (variable) $4

Direct Labor $8

Indirect Labor (variable) $6

Other Variable Factory Overhead $10

During the period, the company produced and sold 1,000 units.

Under the variable cost method, the product cost is calculated using direct material, direct labor, and variable overhead:

Unitary variable cost= 14 + 8 + (4 + 6 + 10)= $42

0 0
3 years ago
A city has built a bridge over a river and it decides to charge a toll to everyone who crosses. For one year, the city charges a
lara [203]

Answer: in the inelastic portion of the demand curve

Explanation:

Remaining part of the question is:

.. in the inelastic portion of the demand curve, the elastic portion of the demand curve, or the unit elastic portion?

Elasticity measures how much quantity demand changes in response to a change in price.

An inelastic demand means that when prices change, demand does not change as much. You can therefore increase prices with a good that has inelastic demand and still expect close to the same demand.

If the city wants to raise as much revenue as possible from the tolls, they should increase prices on the inelastic portion. Because it is inelastic, the demand will remain close to the same which would increase revenue as the same number of people are paying higher.

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3 years ago
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