Answer: $170,000
Explanation:
According to the historical cost concept, the original cost value of a asset (i.e. land) should be recorded in the books. The original cost refers to the cost of a asset at the time of purchasing. As per the principle of historical cost, assets are always recorded as a original cost or historical cost or acquisition cost.
But when a person sold the asset then he will consider the fair market value.
Answer:
c
Explanation:
because he has to do a little of eveything
Answer:
Dr. Trading securities $4,800
Cr. Unrealized gain on trading securities $4,800
Explanation:
Trading securities are recorded reported on the fair market value. The gain or loss arise from the increase or decrease in the value of trading securities. There is a gain if the price of trading security increases and loss when the price of the trading security decreases. Unrealized gains are reported in the separate section of stockholders equity.
Gain on Trading securities = Fair value of security portfolio - Cost of security portfolio = $46,300 - $41,500 = $4,800
Answer:
No, the park must not accommodate his request
Explanation:
Employees of any organization are usually given a letter of appointment which states amongst other things, the requirements of the place of employment.
Wally world has clearly stated that working on weekends is a company REQUIREMENT.
So Alex going to Church on Sunday which is his preference should not stop him from fulfilling his work place requirement
