International foods corporation insures its real and personal property, as well as the lives of its key employees, to protect its financial interest should some event undermine its security. this is:____.
Food Security
What is meant by food security ?
According to the Committee on World Food Security of the United Nations, food security is the state in which all people, at all times, have physical, social, and economic access to enough, safe, and nourishing food that satisfies their dietary needs and food preferences for an active and healthy life.
International Foods Corporation insures its real estate, personal belongings, and the lives of its key personnel in order to safeguard its financial interests in the event that something were to compromise its security. Food security is this.
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Answer:
$3,544
Explanation:
The maximum immediate expenses amount of $5000 phases out for dollar if more than $50,000 of start-up cost are incurred. Thus, the immediate expensing is $3,000
($5000 - ($52,000 - $50,000))
∴ ($5000 - ($2000) = $3000
The amortization is $544
($49,000/180) × 2 months
= $544
The total amount she may deduct = $3000 + $544 = $3544.
Answer: $369,500
Explanation:
The Cost concept of accounting calls for the recording of Assets at their cost.
Clementine Repair services offered to buy the land at $350,500 when it was priced at $388,500.
The seller countered with $369,500 and Clementine accepted this.
This means that Clementine bought the land for $369,500 which makes it the cost price.
They should therefore record it at $369,500.
A thing that motivates or encourages someone to do something
