Answer:
Answer: b
Explanation:
NRV=$120,000 – ($120,000 x 10%) = $108,000$90,000cost is less than net realizable value of $108,000 cost
The correct answer to this open question is the following.
There have been some rumblings within the firm that this development project is not necessary so John and others feel it is important to explain the reason for the project at the outset. The name that goes next to this point on the agenda is "Tom."
The reason why is that John is the leader of the project called Joint Application Development or JAD. Tom is the second member of the hierarchy of the project. Tom is the representative of top management. Then, the other members of the group are Jennifer, Alen, Ian, Linda, Alex, and Clark. Jennifer is a manager. Alex and Linda are analysts of the system. Clark is the recorder. Finally, Ian and Alen are users. So in hierarchical order, Tom should be the one next on the agenda.
The sponsoring broker will hold the escrowed funds while the rest will be there in sorting out the dispute related to the failure of the transaction.
Therefore, the above statement requires supporting explanation that when the failure in the trasactions will happen and everyone will be busy there in its solution there'll be sponsors or brokerage firms which will take care of that disputed escrowed funds or investments.
while creative disputes contain this type of solution comparatively others are not like this.
For more Questions like Escrowed visit the link below:
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