Answer:
b
Explanation:
by definition, disseminate means to distribute or broadcast information
Answer:
1) Tax Payable
2) Property Plant and Equipment Asset
3) Motor Vehicle Asset
4) Property Plant and Equipment Asset
5) Advertising and Promotion Expense
6) Property Plant and Equipment Asset
7) Insurance Prepaid Asset
8) Motor Vehicle Asset
The Historical Cost of Plant Asset consists of Actual Purchase price and all Incidental Cost required to bring the asset to the point of use .
Explanation:
1) Already Accrued
2) The insurance is required to bring in the machinery
3) Sales taxes on Fixed assets are capitalised
4) The improvement is necessary in material
5) Advertising Expense not necessary for the functioning of the delivery truck
6) Fixed Asset Purchase
7) Insurance Prepayment not necessary for the functioning of the delivery truck
8) The expense is necessary for the functioning of the delivery truck
Answer:
Money is a medium of exchange and satisfaction of needs.
Explanation:
for instance:- if you want to eat ice cream ( which is your want). You give money to shopkeeper who sell money ( his want is money). You give him money in exchange of ice cream . In this way , double wants are satisfied.
Answer:
The answer is B.
Explanation:
FIFO inventory cost method will yield the highest taxable income during times of inflation or period of rising price.
FIFO is First in First out i.e the inventory that was purchase first will go out first. This method reflects the current market price because last inventories bought during inflation are part of the ending inventories. Ending inventories are high, cost of sales are low and gross profit is high.
Because gross profit is high, high tax will be charged
