Answer:
C) Factoring
Explanation:
In factoring, the Companies shall sell the accounts receivables to Tobit Financing at a discounted rate when they are apprehensive about receiving the same from their debtors in time. Once received by Tobit Financing, it shall recover the dues from those accounts at the full rate. The difference shall be the earning of Tobit Financing. This may also be true when such Companies are in urgent need of cash and this option seems to be the most viable.
Answer:
<em>Acquisition of a subsidiary on January 23, Year 2. Negotiations had begun in December of Year 1.</em>
Explanation:
An entity acknowledges <em>events that occurred in the financial reports which provide data on conditions that exist at the income statement date,</em> including calculations that are inherent in the preparation of the statement.
The holding company's sale did not take place until the end of the year.
Therefore, the transaction only included disclosure of the note, not acknowledgement in the statements.
Answer: e. Both b & d
Explanation:
Economies and Efficiency can be achieved by managing costs better. This can be done by training employees more so that they may use deep skills gained to be able to keep costs low by being more efficient on the job.
A good place to reduce costs would be the common costs. The business can target these costs by optimising them which means to reduce costs while still maximizing output and value. Reducing the costs here would lead to better efficiency.
Answer:
Explanation:
The journal entry is shown below:
Equipment A/c Dr $78,800
To Gain on exchange A/c $5,900
To Land A/c $64,000
To Cash A/c $8,900
(Being the exchange is recorded and the remaining balance is credited to the gain on exchange account)
The equipment value is computed below:
= Fair value + exchange value
= $69,900 + $8,900
= $78,800
Answer: perceived relationship
Explanation:
An agent is referred to as someone who is given authority by the principal and acts in his or her behalf and the agent is also under the control of such person.
From the question, the principal is Bob while Betty is his agent. The relationship that exist in thus case is the perceived relationship which means that the third party that us, the tenants in thus case believe that an agent is authorised by the principal to do a particular work such as collection of rent in this case but in reality thus doesn't exist. They ate not meant to pay to the manager in this case but they acted based on their perception and since the principal didn't complain, they continued doing it.
