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2 years ago

Identify the accounting assumption or principle that is described below.

Business

1 answer:

Inga [223]2 years ago

7 0

Answer and Explanation:

a. Going Concern Assumption : It means the organization would be remain open always whether the people go or not

b. Economic Entity Assumption

: The owner and the business records should be maintained separately.

c. Monetary Unit Assumption

: It means all the transactions should be recorded in monetary terms

d. Periodicity Assumption

: It means for a period of time different financial information could be recorded

e. Historical Cost Principle : Always used the orginial cost at the time of recording

f. Full Disclosure Principle: All information should be disclosed to the notes to the financial statements

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Bild-Rite, Inc., is a Colorado-based firm that does business with clients throughout North America. Bild-Rite oversees construct

Rzqust [24]

Answer:

COMMERCIAL TRANSACTIONS for the sale of and payment for goods.

Explanation:

In simple words, The Uniform Commercial Code (UCC), originally released in 1952, is among a series of Uniform Laws developed as legislation with the aim of harmonising selling as well as other business activity rules throughout the United States by some of the implementation of UCC by all of the 50 states , the District of Columbia, as well as the American Territories.

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3 years ago

On January 1, 2019, Fitbit goes public and issues 50 million shares at $20 per share. Fitbit had 200 million shares prior to goi

Elina [12.6K]

Answer:

$600 million

Explanation:

On January 1, 2020, the balance of common stock & APIC

Common stock & APIC = Paid-In Capital + Share Capital raised by issuing 50 million shares at $20 per share - Treasury Stock

Here

Paid-In Capital is $500 millions

Issue of 50 million shares at $20

Treasury Stock is 20 million shares at $45 per share

By putting the values, we have:

Common stock & APIC = $500 million + $1000 million - (20 million shares * $45 per share)

Common stock & APIC = $1500 millions - $900 million = $600 million

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2 years ago

A client who has depression is admitted to treatment on a voluntary basis. While in the hospital, the client makes several comme

GuDViN [60]

Answer:contact the psychiatrist for initiation of commitment proceedings.

Explanation:

This proceeding may legally order a person to receive psychiatric treatment at the hospital because the person is seen to may be danger to themselves and suspected that they may commit harm against their own body.

Some people may refuse treatment because they don't feel like they need the treatment and believe there is nothing wrong with them hence an initiation of commitment proceeding may be crucial to give them the help that they actually need.

A person who says they wish to end it all may end up taking their own lives if they are not admitted to a psychitric treatment.

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3 years ago

An oil refinery is located 1 km north of the north bank of a straight river that is 2 km wide. A pipeline is to be constructed f

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Answer:

The point p should be located to 4.42 km far from the refinery

Explanation:

Minimum of these costs occurs when x = 1/ $\sqrt{3}$ , so distance should be m km to the east of the refinery.

m = 5 - x

m = 5 - 1/ $\sqrt{3}$

m = 4.42 km

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3 years ago

George is in charge of ordering supplies for his employer, and he usually buys these supplies from the same vendors. One of the

laila [671]

Answer:

extranet

Explanation:

According to my research on information technology and business sytems, I can say that based on the information provided within the question George is using a system known as an extranet. Like mentioned in the question this is a private system implemented by a certain company in which they can allow temporary access to those who they conduct business with in order provide them with all the information they need.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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3 years ago