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svp [43]
3 years ago
13

F ZMW 51,000 cash is paid to buy land, the land is reported on the buyer's balance sheet at ZMW 51,000.

Business
1 answer:
Tomtit [17]3 years ago
5 0

Answer:

This is made due to the application of the cost principle or historical cost concept.

Explanation:

The cost principle or historical cost concept states that the assets, equities, and liabilities are required to be recorded on the financial records on the basis of their original cost. Thus as the cash paid is ZMW 51,000, the same is required to be recorded on the balance sheet of the buyer.

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Managers should act in shareholders' interests because shareholders have ___________ priority in receiving their claims.A. TopB.
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Answer:

Regarding to Claim to income, the correct answer would be C-Bottom

Explanation:

Shareholders can be preferred or common and they have differents claims to income.  Generally, preferred stock will be given preference in assets to common assets in case of company liquidation, nonetheless both will fall behind bondholders if asset distribution happen. If bankruptcy happen, common stock investors will receive any remaining funds after bondholders,  then creditors and preferred stockholders are paid. That's why these investors often receive nothing after a bankruptcy. Preferred stock also has the first right to receive dividends. In general, common stock shareholders will not receive dividends until it is paid out to preferred shareholders, and that happen because they are at the bottom of the pyramid.

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3 years ago
Melanie is working in a laboratory and spills a bottle of reagent which sources would most likely tell her how to clean the spil
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4 years ago
Colleen and Judy purchased a dilapidated townhome in an estate sale. Due to their fix-up work and the current economy, the prope
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Answer:

The correct answer is The covenant of warranty.

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3 years ago
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Sergio039 [100]
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A mortgage professional can use any of the following techniques to detect fraudulent documents, except requiring that consumers provide only notarized supporting documentation.

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A mortgage broker collaborates with all parties involved in the loan process, including the real estate agent, underwriter, and closing agent, to ensure that a borrower receives the best financing and that the loan closes on schedule.

A broker has the option of working alone or with a brokerage firm. For in-depth news, comment, and analysis, as well as market trends and business information, the industry frequently turns to MPA as a valuable resource.

To learn more about mortgages refer to:

brainly.com/question/13447700

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