Answer: True
Explanation:
As of February 2020, Target Corp's total liabilities were listed to be $30,946,000,000 while its shareholder equity was significantly lower at $11,833,000,000.
Target Corp therefore does indeed have liabilities that exceed owners equity and by a substantial amount. This has also been the trend since at least 2015.
Answer:
gain on disposal 30,000
Explanation:
First we do the numbers for the old truck:
Asset 140,000
Acc Dep 80,000
Book Value 60,000
Now, becuase there are commercial subtance we will recognize the dgain or loss at disposal.
Total given-up for the tow truck
bake tow truck 100,000
cash <u> (10,000) </u>
Baker valuation of our truck 90,000
book value (60,000)
gain on disposal 30,000
<u>journal entry</u>
tow truck 100,000
acc dep delivery truck 80,000
cash 10,000
delivery truck 140,000
gain on disposal 30,000
Answer:
$1.49
Explanation:
Flyaway Travel Company
$100,000 – $3,125
=$96,875
= $50,000 + (20,000 x 9/12)
=$50,000+$15,000
=$65,000
Hence:
$96,875÷$65,000
=$1.49
Therefore 2021 basic earnings per share will be $1.49
Answer:
The Uniform Standards of Professional Appraisal Practice (USPAP) provides flexibility for professionals that have multiple roles like being a broker and an appraiser at the same time.
USPAP requires that appraisers must not misrepresent their roles if they also act as brokers or agents. That means that as long as appraisers are not doing something that misrepresents his/her appraiser role, then there is no limitation on performing other roles.
But if the appraiser is requested to sign a report as an appraiser, then USPAP rules apply and his/her appraiser role should be given priority.
I would ask what is wrong with our current packaging? Why are we making revisions?
Also, what gain would be brought to the table with this new packaging?
