Answer:
$326,000
Explanation:
Data provided in the question
Three year ago land purchased value = $276,000
Appraisal value at the time of donation = $326,000
Based on the above information, the amount that should be recorded is equal to the appraisal value i.e $326,000 as per GAAP and IFRS if the company should received any donation with related to land so it should be recorded at fair value rather than historical cost
Answer:
(C) The real cost is decreasing.
Explanation:
1 + real rate = (1 + nominal rate)/(1+ inflation)
So, with existence of inflation, real rate cost will be decreasing after each period. After each period, it will be found out by dividing with inflation rate in the way shown above and added multiplicatively.
Answer:
15
Explanation:
PV= 214
rate of return 10%
(10+1)^1
11+3= 14
214/14= 15.2...= <u>15</u>
Answer:
D) Shift of the demand curve for Z to the left
Since both the equilibrium quantity and price decreased.
Explanation:
A rightward shift of the demand curve should increase both the equilibrium price and quantity.
A rightward shift of the supply curve should increase the equilibrium quantity and decrease the equilibrium price.
A leftward shift of the supply curve should increase the equilibrium price and decrease the equilibrium quantity.
The type of money that jewellery most likely represent is the liquid money. Jewellery is considered to have a highly liquid cash because it has the ability to be government into luxury items. In addition, other assets that are considered to be highly liquid include cars and appliances.