Option D. The term relevant range is the range over which Cost relationships are approximately linear.
<h3>What is relevant range?</h3>
This is the term that is used to refer to the assumption that the cost relationships are valid.
What this means is that the existing relationship between cost and any activity are linear, in a straight line.
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Public debt securities have been registered by the business is the circumstances would a privately held company be obligated to make sec filings.
<h3>What is public debt securities?</h3>
The owners of financial instruments referred to as debt securities are entitled to recurrent interest payments. In contrast to equity securities, debt securities demand repayment of the principal borrowed.
The interest rate on a debt security will be influenced by the borrower's perceived creditworthiness. Although there are many different types of debt securities, corporate and governmental bonds are among the most common.
Thus, Public debt securities have been registered by the business.
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Answer:
Adjusted basis
Explanation:
Adjusted basis in accounting is used to calculate the net value of an asset. This is done by reducing depreciation deductions from the original value and adding capital expenses like cost of improvement.
This method is best used when there is need to get accurate gain and loss records, and for tax purposes.
In the given scenario John's accountant is using the adjusted basis when he calculates initial cost of an investment property plus the cost of any additional improvements less qualified deductions
Answer: (a) $325,000
(b) $1,150,000
Explanation:
(a) For Music world retail:
Cost of goods sold = Goods available for sale - Ending merchandise inventory
= (Beginning merchandise inventory + Cost of purchases) - Ending merchandise inventory
= ($200,000 + $300,000) - $175,000
= $500,000 - $175,000
= $325,000
(b) For Wave-Board Manufacturing:
Cost of goods sold = Goods available for sale - Ending finished goods inventory
= (Beginning finished goods inventory + Cost of goods manufactured) - Ending finished goods inventory
= ($500,000 + $875,000) - $225,000
= $1,150,000
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