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3 years ago

Two examples of generally accepted accounting principles are:

1 answer:

8 0

The answer to this question is: <span> accounting for leases and accounting for fair value assets
Leases and fair value assets is often used by companies in order to make their company valuation seem higher than it supposed to be. So, standardized rules regarding the proper way to make the valuation should be written under the Generally accepted accounting principles.</span>

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Which of the following statements is false? A. Healing is one characteristic of a servant leader. B. Servant leaders place the g

irga5000 [103]

D is the correct answer.

Servant leaders can't lead if subordinates are not open to being guided.

Please vote my answer brainliest. thanks!

6 0

3 years ago

Cal Lury owes $25,000 now. A lender will carry the debt for four more years at 10 percent interest. That is, in this particular

vitfil [10]

Answer:

$6,185.31

Explanation:

Value of debt at end of 4 years = $25,000 * (1 + 10%)^4

Value of debt at end of 4 years = $25,000 * (1.10^4)

Value of debt at end of 4 years = $25,000 * 1.4641

Value of debt at end of 4 years = $36,602.50

Let x be the annual payments

x * [1 - (1 + 13%)^-12] / 13% = $36,602.50

x * [1 - (1.13)^-12] / 13% = $36,602.50

x * [1 - 0.2307059] / 13% = $36,602.50

x * 0.7692941/0.13 = $36,602.50

x * 5.91764692 = $36,602.50

x = $36,602.50/5.91764692

x = 6185.313266375142

x = $6,185.31

So therefore, his annual payment will be $6,185.31.

4 0

3 years ago

A company has 525 shares of $61 par value preferred stock outstanding. It also has 21,000 shares of common stock outstanding, an

pantera1 [17]

Answer:

$32.6

Explanation:

Please see attachment

7 0

3 years ago

Splendid Occasions received $2,970 for services to be performed for the next 8 months on March 31 and recorded this transaction

Kay [80]

Answer:

If Splendid Occasions had recorded their service revenue using the other method, how much service revenue would they have recorded for the year?

Ans: $2,970

The ''other method'' in question is the Cash method which recognizes revenue when cash is paid unlike the Accrual method that recognizes it when earned.

Using the Cash method the Service Revenue would be $2,970 because the cash has been received for it.

If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May?

= Cash revenues - Cash expense

= Received cash for meals served to customers - Prepaid rent for three months - Received and paid electricity bill

= 2,530 - 2400 - 60

= $70

If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May?

= Revenue - Expense

= Served a banquet on account + Received cash for meals served to customers - Rent - Electricity - Accrued salary expense - depreciation

= 2,810 + 2,530 - (2,400/3) - 60 - 2,670 - 380

= $1,430

<em>Cash spent on Equipment is not expense but capital expenditure. </em>

4 0

3 years ago

Before purchasing services, citizens must often make assessments of their quality based on reputation. Group of answer choices T

Tanzania [10]

True actually because look in your text books !!

3 0

2 years ago