Answer:
Advanced Automotive
Allocation of Historical Cost
Land = $64,000
Building = $32,000
Equipment = $224,000
Journal Entries
Dr - Property, Plant and Equipment - $320,000
Cr - Account Payable - $320,000
Explanation:
Workings
Land = $70,000 × ($320,000/$350,000) = $64,000
Building = $35,000 × ($320,000/$350,000) = $32,000
Equipment = $245,000 × ($320,000/$350,000) = $225,000
Answer:
growling imports 400million good in trade than Canada
#1.
When calculating declining-balance depreciation, the straight-line rate was used instead of double the straight-line rate. In the first year of ownership, this error would cause C. the period end assets to be overstated.
#2.
A depreciation method that allocates depreciation of a plant asset based on the Tax Act of 1989 is the C. modified accelerated cost recovery.
#3.
Salvage value was ignored when originally calculating the units-of-production depreciation. This error would cause B. the period’s net income to be understated.
#4.
The allocation of the cost of a natural resource is B. depletion.
#5.
The credit portion of the adjustment for the depletion of a coal mine was credited to the Coal Mine account. This error would cause A. the period’s net income to be overstated.
#6.
<span>Intellectual property assets are C. amortized. </span>
Action which is most likely to constitute a typical significant impediment to averting and responding to a crisis is (C) employees who are lower in the hierarchy find it hard to question their superiors.
<h3>
What is hierarchy?</h3>
- A hierarchy is a type of organizational system in which elements are prioritized in order of importance.
- The majority of governments, organizations, and organized religions are hierarchical in nature.
- So, employees who are lower in the hierarchy find it hard to question their superiors.
- The corporate ladder is an example of hierarchy.
- Lower-level employees find it difficult to question their supervisors.
<h3>Who are superiors?</h3>
- In any type of hierarchy or tree structure, a superior is an individual or position higher in the hierarchy than another, and hence closer to the peak.
- Superiors in business are supervisors, while superiors in the military are those higher in the line of command.
Since lower-level employees find it difficult to question their supervisors.
Therefore, the correct option is (C) employees who are lower in the hierarchy find it hard to question their superiors.
Know more about Japanese corporate culture here:
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Complete question:
In Japanese corporate culture, which action is most likely to constitute a typical significant impediment to averting and responding to a crisis?
a) Decisions are generally taken by lower-level employees who directly deal with the problem.
b) Negotiations are avoided at any cost.
c) Employees who are lower in the hierarchy find it hard to question their superiors.
d) The process of decision-making is extremely complex and time-consuming.
e) Employees like to work on their own rather than in a group.
Answer:
The correct answer is: Limited financial liability; Have corporate ownership structure ability; Owners have limited liability and right to votes
Explanation:
Limited liability company and limited liability partnership is a type of business structure where the business is a separate entity and the owners are not personally liable for companies debts. It combines the properties of a corporation and a partnership or sole proprietorship.
It has a corporate ownership structure. Its owners have limited liability.
