Answer:
monetary accounts are translated at the current exchange rate; other accounts are translated at the current exchange rate if they are carried on the books at current value; items carried at historical cost are translated at historic exchange rates.
Explanation:
The principle of the temporal method means that the accounts that are monetary in nature would be transform at the current or present exchange rate, also the other account would be transform but they should be at the current value. In addition to this, if the items are at historical cost so they should be transform at historic exchange rates
Therefore the last 2nd option is correct
Answer:
A) true
Explanation:
Capital budgeting is essential to managers in allocation of scarce capital to some investment in an accretive manner. Capital budgeting could be regarded as process undertaken by business so that potential major projects as well as investments can be evaluated. Dividend policy could be regarded as a policy utilize by company in structuring
dividend payout to their shareholders. It should be noted that Capital budgeting, capital structure, and dividend policy decisions are important to managers and shareholders because their consequences can affect the amount, timing, and riskiness of the cash flows produced by the firm and its securities.
Answer and Explanation:
The two adjusting entries are as follows:
On May 31
Rent expense ($1,200,000 ÷ 5 months) $240,000
To Prepaid rent $240,000
(Being rent expense is recorded)
Here the rent expense is debited as it increased the expenses and credited the prepaid rent as it decreased the assets
On May 31
Unearned rent revenue Dr $148,800
To Ticket revenue $148,800
(Being unearned revenue is recorded)
Here the unearned rent revenue is debited as it decreased the liability and credited the ticket revenue as it increased the revenue
Answer: quality cost report
Explanation:
I just checked it and got it right.