Answer:
The going-concern assumption - one reason for valuing assets such as buildings and equipment at cost rather than at their current market values is the assumption that the business will use these assets rather than sell them.
Explanation:
Accounting valuation is the process by which a company compares it's assets and liabilities for reporting purposes.
The generally accepted accounting practices (GAAP) are a set of rules that guide accountants in recording and reporting financial transactions.
These principles ensure uniformity in how transactions are treated by all accountants.
There are 5 of these principles:
- Revenue principle
- Expense principle
- Matching principle
- Cost principle
- Objectivity principle
The going concern assumption is not part of GAAP but rather is an accounting concept that assumes that a business will remain in operation.
In financial statements it is required disclosures are made when a business is going to fail. In this instance it is no longer a going concern
Answer:
With an eye for well-crafted essays, illuminating long-form investigative journalism, and compelling subjects given short-shrift by the big publishing houses, Dispatch Books seeks to provide readers with electronic books of conspicuous quality which offer unique perspectives found nowhere else.
Not exactly sure but I think it's D
Answer:
$186,980
Explanation:
the operating income is reduced by $186,980
Answer:
C. A price reduction that a producer gives to resellers to encourage
them to promote products
Explanation:
bcuz that's what advertising allowance is
