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Arisa [49]
2 years ago
10

The historical cost principle requires that when assets are acquired, they be recorded at

Business
1 answer:
Marta_Voda [28]2 years ago
7 0

The historical cost principle requires that when assets are acquired, they be recorded at cost.

The historical cost principle is an accounting principle under the US GAAP. It entails recording the cost of an asset on the balance sheet at the cost with which the asset was purchased regardless of the changes in the value of the asset.

For example, if a machine was purchased at a cost of £2000. If the historical cost principle is used, the machine would be recorded at £2000 on the balance sheet.

A similar question was answered here: brainly.com/question/14417628

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What number is 0.1 more than 30.7?
butalik [34]

Answer:

30.8

Explanation:

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Noncash goods and services that would otherwise have to be paid for in cash by the beneficiary is the definition of
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A large computer manufacturer forbids its executives and managers from serving as directors or officers for Intel Corporation or
posledela

Answer:

Conflict of interest(COI)

Explanation:

The large computer manufacturing company is trying to prevent a conflict of interest.

Conflict of interest(COI): This occurs when an individual is occupying two different social position at the same time in which different benefits are attached to each social roles. It can disrupt the decision-making process of an individual which could lead to loss of integrity.

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An individual is subject to two coexisting interests that are in direct conflict with each other.

Conflict of interest can also involve an organization. It could be a case in which an individual or organization performs two different roles simultaneously, and performing an obligation could involve working against another.

A person or organization with conflict of interest can't be 'just' in their decision making.

5 0
3 years ago
)An investor is trying to decide between a muni paying 5.75 percent or an equivalent taxablecorporate paying 8.25 percent. What
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Because taxes are not paid on municipal bond interest, their interest rates are usually lower with the difference accounting for the taxes paid.

For a municipal bond to be similar to a corporate bond, the tax rate must be such that it makes them equal:

Municipal bond return = Corporate bond return * (1  - tax rate)

5.75% = 8.25% * (1 - tax)

1 - tax rate = 5.75% / 8.25%

1 = 0.6969697 + Tax rate

Tax rate = 1 - 0.6969697

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4 0
3 years ago
If there are diminishing returns to capital, then increases in the capital stock
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Increases outputs by smaller and smaller amounts.

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