Answer:
The land should be reported at $130,000
Explanation:
In this question, we have to apply one of the Generally Accepted Accounting Principle (GAAP), i.e. Historical cost principle.
Historical Cost Principle: According to this principle, the value of fixed assets should be recorded at the purchase price or book value.
So, in the given case, the land should be reported at $130,000 irrespective of whatever amount is given in the question
Answer:
True
Explanation:
If the price of a stock drops suddenly, there is more supply than demand. People want out - and they usually want out for a reason.
Answer:
Production manager
Explanation:
In the firm or company, the duty of the production manager is to ensure that the manufacturing processes should run efficiently as well as reliably. In short, it means to ensure that the operations are being done through the employees, follow the limitation, which is created in the budget. The production manager will ensure that the firm will accomplish all the objectives by maintaining the profitability at the same time.
The responsibilities of the job involve, organising as well as planning the production, negotiates and create budgets and the timescales with managers and clients.
Answer:
Discretionary Access Control
Explanation:
Discretionary Access Control - it is a type of restriction or permission of the object that is initiated by the owner of the object. it is Discretionary because the user can transfer object classified information to other users.
it grants and permits full access of object that is created by the user and it may allow or restrict sharing of data which object made to others.
The three most frequent misconceptions are that net income equals cash, net income excludes estimates, and net income reports all changes in value that occurred during the accounting period.
One of the three crucial financial statements used to describe a company's financial performance throughout a certain accounting period is the income statement. The balance sheet and the cash flow statement are the other two important statements. The income statement, which is often referred to as the profit and loss (P&L) statement or the statement of revenue and expense, primarily focuses on the company's revenue and expenses over a specific time period. Understanding how to study an income statement is the greatest approach to evaluate a business and choose whether or not to invest.
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