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WITCHER [35]
3 years ago
12

Valuing assets at their fair value rather than at their cost is inconsistent with the: periodicity assumption. full disclosure p

rinciples. economic entity assumption. historical cost principle.
Business
1 answer:
PolarNik [594]3 years ago
7 0

Answer:

Historical cost principle.

Explanation:

Valuing assets is described as determining the fair value in market and also asset valuation which its inclusion are are bonds, stocks, property etc. And in above question it is known that cost is inconsistent with historical cost principle. Historical cost principle in the other hand is described as recording of assets when they are been purchased at it historical cost. It is also a bookkeeping basic principle. This has several tools that it works with which include cost, market value etc.

This here explains to us that every business has a cost that drives on and a market value which it is driven on.

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During 2017, Ziplock Manufacturing expected Job No. 89 to cost $700,000 in overhead, $1,000,000 in direct materials, and $500,00
irga5000 [103]

Answer:

a. not able to be determined from the provided information.

Explanation:

For determining the over applied or under applied, first, we have to compute the predetermined rate based on the direct material cost which is  

= $700,000 ÷ $1,000,000

= $0.70

Now the applied overhead is  

= $0.70 × $1,200,000

= $840,000

And, the actual overhead amount is not given by which we can find out the underapplied or overapplied overhead amount

So, in this case, the correct option is a.

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Answer:

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Answer:

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Explanation:

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That issue could be of more importance to the other individual or he or she might be an expert who will get the chance to show their knowledge. This technique is more effective withe hyper active people who talk a lot.

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Answer:

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