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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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Which of the following is the LEAST important consideration for safeguarding business assets? Options
Gnesinka [82]

Answer:

Out of the options listed the LEAST important consideration for safeguarding business assets is:

4) geography

Explanation:

Asset protection or safeguarding assets is the practice of covering the assets in case of a law sue, bankruptcy or another event that can generate that the owner of an asset lose them.

For this you must have a clear idea of what an asset is: an asset is a belonging whose ownership is entitled to a person. In this sense, bank accounts, apartments or houses, yates, cars, stocks, bonds are all examples of assets.

Nowadays there are several instruments in order to protect an asset: insurances, putting assets in the name of your spouse or a company. Regardless in the protection measure you use to cover your assets you must have clear, what is the type of asset you want to protect, the monetary value, and the physical size. but geography does not get to be an important consideration when safeguarding them.

6 0
3 years ago
The following selected amounts are available for Waterway Company: Retained Earnings (beginning balance) $1,050 Net loss 150 Cas
never [62]

Answer:

Ending retained earnings balance is 700.

Explanation:

In order to find the ending retained earnings we will have to start from the beginning retained earnings. The beginning retained earnings are 1050. Because the company has a net loss of 150 we will subtract 150 from 1050. And we are left with 900. After this we will subtract the 100 cash dividends as these are also paid from the retained earnings that the company has so we are left with 800. Also the company pays a stock dividend worth 100 so we will also subtract that and are left with 700. So the ending retained earnings balance is 700.

3 0
4 years ago
Describe four areas of self-esteem discussed in the text and provide an example of each
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Answer:

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5 0
3 years ago
Read 2 more answers
Abbott Landscaping purchased a tractor at a cost of $40,000 and sold it three years later for $20,300. Abbott recorded depreciat
dsp73

Answer:

The Journal entries are as follows:

(i) Sale of Equipment

Cash A/c                                       Dr. $20,300

Accumulated Depreciation A/c   Dr. $22,500

To Equipment                                                      $40,000

To Gain                                                                 $2,800

(To record the sale of equipment)

(ii) Sale of Equipment

Cash A/c                                       Dr. $12,700

Accumulated Depreciation A/c   Dr. $22,500

Loss A/c                                         Dr. $4,800

To Equipment                                                      $40,000

(To record the sale of equipment)

Workings:

Accumulated Depreciation = [(40,000 - 2,500) ÷ 5] × 3 years

                                             = 7,500 × 3 years

                                             = $22,500

4 0
4 years ago
Sole proprietorships are often owned by __________.
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Sole proprietorships are often owned by financial institutuins
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3 years ago
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