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Leokris [45]
2 years ago
8

Land and other real estate held as investments by endowments in a government's permanent fund should be reported at

Business
1 answer:
VashaNatasha [74]2 years ago
5 0

Complete Question:

Land and other real estate held as investments by endowments in a government’s permanent fund should be reported at

Group of answer choices

A. Historical cost.

B. Fair value less costs of disposal.

C. Fair value.

D. The lower of cost and net realizable value.

Answer:

C. Fair value.

Explanation:

Land and other real estate held as investments by endowments in a government's permanent fund should be reported at fair value of the reporting date except for the exception of life insurance contract, external investment pool, money market investment etc.

The fair value can be defined as the actual or real value of an asset, security, product or item in financial accounting.

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Mochel Company employs a standard cost system in which direct materials inventory is carried at standard cost. The company has e
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Answer:

$16,100 favorable

Explanation:

The computation of the direct labor efficiency variance for June is shown below:

= Standard rate × (standard hours - actual hours)

= $23 × (1.3 × 35,000 - 44,800)

= $16,100 favorable

hence, the direct labor efficiency variance for June is $16,100 favorable

The same should be considered and relevant

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2 years ago
Why did many conservatives oppose affirmative action?.
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Answer:

Explanation:

El conservadurismo social o socialconservadurismo es esa parte del pensamiento conservador que se refiere a la ideología o una creencia personal, que sugiere que el individuo es un ente eminentemente social y que, como tal, no puede ser concebido sino en relación a una comunidad, especialmente a los aspectos morales

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1 year ago
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What is the impact of an increase in worker productivity when demand is relatively more​ elastic? A. An increase in sales revenu
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Answer:

A) An increase in sales revenue received by the firm.

Explanation:

If worker productivity increases, the total output produced by the company will increase while the average cost per unit produced will decrease. This should result in a rightward shift of the supply curve that decreases the product's price at every level of quantity demanded. Since the demand is elastic, a small decrease in price will result in a larger increase in quantity demanded.

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3 years ago
When purchases of merchandise are made for cash, the transaction may be recorded with the following entry *
Zepler [3.9K]

Answer:

Dr Merchandise Inventory Cr Cash

Explanation:

Based on the information given in a situation where purchases of merchandise are made for cash the transaction will be recorded in the journal entry by debiting Merchandise Inventory and Crediting Cash reason been that MERCHANDISE are current asset and Secondly merchandise are anticipated to be either sold out, used or turn them into cash within a period of one year, although it sometimes depends on the method of payment in which the merchandise was been paid for , which is why we have to Debit Merchandise Inventory Account and Credit Cash Account.

Hence:

Journal entry

Dr Merchandise Inventory

Cr Cash

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2 years ago
Beth is the assistant store manager at a trendy clothing store. The store hires lots of seasonal employees. Beth has little rega
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Answer:

The correct answer will be "Theory X".

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So you might well characterize Beth's leadership approach as Theory X as being a graduate of motivation factors.

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