My brothers name is dookie

At Bueller Tractors, a few machines in the assembly section were faulty and had to be shut down till they were repaired. This re

Alla [95]

Answer:

Internal failure

Explanation:

3 0

3 years ago

a loss on disposal of a plant asset is reported in the financial statements question 2 options: in the other revenues and gains

sergejj [24]

A loss on the sale of a plant asset is disclosed in the financial statements (D) in the Other Expenses and Losses column of the income statement.

<h3>What are financial statements?</h3>

Financial statements are documents that describe a company's operations and financial performance.

Government organizations, accounting companies, etc. frequently audit financial statements to guarantee accuracy and for tax, financing, or investing purposes.

Financial statements that must be provided are the income statement, balance sheet, and statement of cash flows.

These three statements can be used by traders as educational tools to assess a company's financial health and to quickly determine its underlying value.

The income statement's Other Expenses and Losses column is where a loss on the sale of a plant asset is disclosed in the financial statements.

Therefore, a loss on the sale of a plant asset is disclosed in the financial statements (D) in the Other Expenses and Losses column of the income statement.

Know more about the financial statements here:

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Correct question:
A loss on disposal of a plant asset is reported in the financial statements

A) as a direct increase to the capital account on the balance sheet.

B) in the Other Revenues and Gains section of the income statement.

C) as a direct decrease to the capital account on the balance sheet.

D) in the Other Expenses and Losses section of the income statement.

6 0

1 year ago

Wilson, Bart, and Susan Fields decide to set up a corporation together called Fields, Inc. They follow the correct procedures fo

LUCKY_DIMON [66]

Answer:c. pierce the corporate veil due to the failure to hold required corporation meetings.

Explanation:Corporation is a form of business operation that declares the business as a separate, legal entity guided by a group of officers known as the board of directors. A corporate structure is perhaps the most advantageous way to start a business because the corporation exists as a separate entity.

8 0

3 years ago

Grove Co. acquired a production machine on January 1, 2019, at a cost of $575,000. The machine is expected to have a four-year u

DIA [1.3K]

Answer:

a. Production Units method

b. Straight Line depreciation

c. Double declining method

Explanation:

Straight Line Depreciation: [575,000 - 118,000] / 4 = 114,250 per year

Declining Balance Method :

Year 2019 : 19,360 / 88,000 * [ 575,000 - 118,000 ] = 100,540

Year 2020 : 28,160 / 88,000 * [ 575,000 - 118,000 ] = 146,240

Year 2021 : 24,640 / 88,000 * [ 575,000 - 118,000 ] = 127,960

Year 2022 : 15,840 / 88,000 * [ 575,000 - 118,000 ] = 82,260

7 0

3 years ago

Which of the following is true?Select one:a. Overhead costs are often affected by many issues and are frequently too complex to

Vsevolod [243]

Answer:

e. When cost analysts are able to logically trace cost objects to costs, costing accuracy is improved.

Explanation:

Overhead costs are costs which can not be attributed to a particular item . So it is distributed among more than one item on some basis.

For example electricity cost is a common overhead in a company having two machines one producing pen and the other producing paper . The overhead electricity cost can be scientifically apportioned in the cost analysis of pen and paper on the basis of wattage capacity of machines used in the manufacture of pen and paper .

6 0

3 years ago