Complete question:
Identify the account concept,assumption, or principal that best applies to each of the following situations:
Burger King, the restaurant chain, sold a store location to McDonald's. How can Burger King determine the sale price of the store - by a professional appraisal, Burger King cost, or the amount actually received from the sale?
Answer:
Historical cost principle
Explanation:
The initial nominal financial value of the commodity is the average expense of a commercial object. The cost estimate is traditionally focused on recording assets at their nominal expense, which are not adjusted to adjust the costs of the products.
The original nominal financial value of the commodity is the average expense of a commercial object. The cost estimate is traditionally focused on recording assets at their nominal expense, which are not adjusted to adjust the costs of the products.
Professionalism is the quality of exhibiting the pride and the purpose in one's behavior and it is the performance at high level
Explanation:
This is the complete set of high level of skills that a professional must have to exhibit his or her skills in a common group or work place. This is one of the key quality in and one of the most efficient quality
Pride is exhibited in this quality and hence the person exhibiting this quality is called as a well mannered and an amateur person and they exhibit some qualities of ethics reliability and competence
Answer:
A. Asset as cash will increase by $59,000, asset in equipment will increase $14,000
B. Asset side in increased and decreased
C. Asset and liability will increase by $11,000
D. Asset will increase
E. Asset will increase
F. Asset will increase and decrease by $5,800
G. Asset will decrease
H. Asset will increase
I. Liability will decrease
J. Asset and capital will decrease by $1,200
Explanation:
Accounting equation is Asset = Liabilities + Capital
Accounting equation is affected in business transaction. The transaction in business have different effects some transaction are like hybrid which impacts the multiple accounts balances. There are some transactions which just involve asset side transaction increase and decrease on the same account this will offset the balance and no effect on equation.
Answer: floral arrangements on February 14th, Supply shifts left. Supply shifts right, No shift in the supply curve,.
Explanation:
Answer:
The correct choice is A)
The decisions of administrative law judges that are appealed to the federal court system are usually upheld
Explanation:
After an Administrative Law Judge renders his or her final decision, the parties to the matter may file an appeal. Most agencies maintain specific procedures for appealing a decision, and the appeal is usually handled within that agency.
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