1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nydimaria [60]
3 years ago
13

Loom Enterprises buys a warehouse for $520,000 to use for its East Coast distribution operations. On the date of the purchase, a

professional appraisal shows a value of $640,000 for the warehouse. The seller had originally purchased the building for $480,000. Loom has a similar warehouse on the West Coast that has a book value of $531,000. Under the historical cost principle, Loom should record the building for ________.
Business
1 answer:
Ann [662]3 years ago
5 0

Answer:

$520,000

Explanation:

The cost principal is a basic underlying guidelines in accounting. Companies record assets at their cost, at the time of the purchase and over the time asset is held.

The historical cost principle provides a point of reference for all financial statement users and appropiate market values may be used in financial analysis when deemed necessary.

All transactions are recorded at their original cost, the purchased price. In this case, is $520,000.

You might be interested in
An appropriate choice of outdoor play equipment for a toddler play yard would be
Andre45 [30]
An appropriate choice of outdoor play equipment for a toddler play yard would be a small wooden playhouse. This is so because it helps them improve their health through using lots of energy which could be a good amount of exercise. Another reason is that it will improve their social skills. Since they will be talking and interacting with their playmates, their social skills will be properly honed. This will also help them become responsible because of the rules set on the playhouse. 
5 0
3 years ago
What are the required components of a database function? Check all that apply. = D in front of the command a single argument ran
slavikrds [6]

The required components of a <em>database function </em>in the computer science and programming includes:

  • =
  • D in front of the command
  • Range
  • Field
  • Criteria

According to the given question, we are asked to state the required components of a<em> database function </em>and how this is essential for the database to function properly.

<em />

As a result of this, we can see that the required components of the database function include the =, the range, field, criteria and the D in front of the command.

Read more about database here:

brainly.com/question/14404521

3 0
2 years ago
Create an oral presentation about yourself that will provide your interviewee with an accurate picture of your skills and prepar
miss Akunina [59]

In creating a personal commercial, one have to give a conversational and natural oral presentation. One can start with:

  • Been confident, have a good poised, and been professional.

<h3>What is a personal commercial?</h3>

Others are:

  • Greet by saying: Hello, my name is (name).
  • State your Goal, Interest and also your passion and others kind of attributes that can set you apart from others.

A personal commercial is known to be a short introduction that a person often give to a specific employer, mentor, or others.

Conclusively, By following the steps above, one can give a good  personal commercial.

Learn more about Commercial from

brainly.com/question/3837126

#SPJ1

6 0
2 years ago
You are reviewing your client’s Multicurrency company Balance Sheet, and the balance as of the previous fiscal year-end for thei
qaws [65]

Answer:

Foreign exchange loss

Explanation:

A foreign exchange gain/loss is normal for companies that operate in foreign countries. E.g. you prepared your financial statements by converting the foreign currency into your local currency, in this case you converted Canadian dollars to US dollars. But then the exchange rate between the currencies changes. If the value of the Canadian dollar's value increased after conversion, then you gained, and an adjustment must be made to show that gain. But if the Canadian dollar's value decreased after the conversion, then you lost (what happened here) and an adjusting entry must be made to report the loss.

In order to correct his, you must:

Dr Foreign exchange gain/loss 10

    Cr Canadian bank account 10

4 0
3 years ago
Carl has a checking account. He'd like to find out as soon as his refund check from the IRS is deposited in his account. What sh
kolbaska11 [484]

Answer: D

Explanation:

Set up an alert.

5 0
3 years ago
Other questions:
  • Which of the following statements are correct (Select all that apply): Select one or more: A. A balance sheet reports on investi
    6·1 answer
  • An expectation that people will help those who depend on them is known as the
    8·1 answer
  • A method often used by economists to look at distribution of income in a society's economy involves:__________
    13·1 answer
  • Which statement best describes capitalism
    15·1 answer
  • Giant robot magazine has embraced the use of​ __________ to reach its current and potential customers.
    10·2 answers
  • Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: Sales $ 315,000 Beginning m
    5·1 answer
  • List the steps in the PACED decision-making process.
    6·2 answers
  • Which examples demonstrate common qualifications for Security and Protective Services careers? Check all that apply.
    12·2 answers
  • Consider an asset with a beta of 1.2, a risk-free rate of 4.4%, and a market return of 12.4%. What is the reward to risk ratio?
    8·1 answer
  • Determine the net present value for a project that costs $84,500 and would yield after-tax cash flows of $13,000 the first year,
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!