Answer:
<em>C. Recording an item that should be recorded as an operating activity as an investing activity. </em>
Explanation:
<em>Hope it helped</em>
Answer:
Federal agencies' financial information for a comparable time period.
Explanation:
Benchmarking can be regarded as management accounting innovation, which is been utilized in both the private and the public sectors for performance measurement as management. There are alot of success reported by public sector accounting researchers with the use of benchmarking, however there is
charged problems that still exist in implementing as well as using this management technique. The appropriate benchmarks for a state or local government to use as a basis for comparing performance are;
✓Socioeconomic and demographic trends of governments of similar types and size available from U.S. Census Bureau.
✓ A government's own operating results and financial position from prior years.
✓ International City/County Management Association's Financial Trend Monitoring System results for governments of similar types and size.
Answer:
Explanation:
The following information can be gotten from the question:
Net realizable value (NRV) will be:
= $125,000 - $10,500
= $114,500
Normal profit will be:
= $114,500 - (30% × $125,000)
= $114,500 - $37,500
= $77,000
The amount should Garcel report as inventory on its balance sheet should be $77,000.
Answer:
True
Explanation:
This is the value of stock or share that was set by the owners of a corporation at the point of registration of the company. It is the price that is stated in the corporation's article of association and also in the share certificate. The par value of a share has no relationship with the market value as they can be far apart.
The par value is a value specified by law for the protection of the people who might want to extend credit to the corporation.
