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

Answers

Answer 1

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.

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Related Questions

Which interest rate will earn the largest return on $1,000?

A. Simple interest at 5 percent

B. Simple interest at 3 percent

C. Compound interest at 3 percent

D. Compound interest at 5 percent

Answers

Answer: A

Explanation:

The production function gets flatter, while the total cost curve gets steeper due to the fact that Group of answer choices at lower levels of production firms require more inputs to increase production by the same amount as compared to higher levels of production. at higher levels of production firms require more inputs to increase production by the same amount as compared to lower levels of production. at higher levels of production firms require less inputs to increase production by the same amount as compared to lower levels of production.

Answers

The production function gets flatter, while the total cost curve gets steeper due to the fact that C. at higher levels of production firms require less inputs to increase production by the same amount as compared to lower levels of production.

The production function shows the relationship that exists between the inputs and the outputs during the production of a product.

It should be noted that diminishing marginal product is vital for explaining why the increase in the output of a firm results in the production function getting flatter. Also, the total curve becomes steeper.

Therefore, at higher levels of production, firms require fewer inputs to increase production by the same amount.

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When communicating a complex idea, what is most important?

Answers

Answer:

You will need to present the information with exciting points and in an organized fashion.

Explanation:

Answer:

You will need to present the information with exciting points and in an organized fashion.

Explanation:

When determining asset allocation and diversification, you should mostly
consider
A. rate of return
B. portfolio size
C. real estate holdings
D. similar investments

Answers

Answer:reet of return

Explanation:

What happens if a monopolist increases the price of a good?

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Answer:

By contrast, because a monopoly is the sole producer in its market, its demand curve is the market demand curve. If the monopolist raises the price of its good, consumers buy less of it. Also, if the monopolist reduces the quantity of output it produces and sells, the price of its output increases.

Explanation:

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which market structure is defined by a single producer?

Answers

Answer:

Monopoly. A condition that has none of the requirements for a competitive market such as adequate competition, knowledge of prices and opportunities, mobility of resources, and competitive profits is called a(n)

Explanation:

Hope it helps

what is the source of income for the four sectors of the economy

Answers

Answer:

Consumer, Investment, Government, and Foreign.

Explanation:

Consumer:

Personal disposable income

Investment:

Retained earnings

Government:

Indirect business taxes, Corporate income taxes, Social Security contributions, and Individual Income taxes.

Foreign:

No specified source of income but is instead represented by the difference in goods sent abroad and goods purchased from abroad.

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the emergence of ride sharing apps like lyft and uber have created gains from trade by

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The emergence of ride sharing apps like Lyft and Uber have created gains from trade by introducing new sellers into the market for taxi services and decreasing the price of rides.

Gains from trade can be described as the increase in consumer surplus and producer surplus as a result of lower tariffs when consumers and producers are allowed to trade with less restrictions. Gains from trade occurs as a result of lower trade prices.

Ride sharing apps are apps that allow people to order for rides from their phones using an app. Examples are uber and lyft.

Ride sharing apps has increased the amount of ride options available to users. This has lead to lower prices as ride sharing apps have lowered prices to attract customers.

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3. How do the ultra rich use charitable giving to make sure they pay less taxes?

Answers

Because when you donate to a charity it will not be taxed so you can put your money somewhere without it being taxed with it going somewhere good

can you give me example about Perfect cube​

Answers

Answer:

square prisms

Explanation:

it is square prism

features of government​

Answers

Answer:

Key features of the democratic governments are:

People choose their own representatives to the parliament.

Free and fair elections are held at regular intervals.

Judiciary is independent of the control of executive and legislature.

There is an increased participation of people in political processes.

Explanation:

that the answer hope it helping

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What is a mutual fund

Answers

Answer: A mutal fund is a professionally managed investment fund that pools money from many investors to purchase securities. the term is typically used in the United States, Canada, and India while simular structures across the globe include the SICAV in Europe and open-ended investment company in the UK.

Explanation:

Mutual eow eieité gòïèß błack

how did the geographic location of harappa affect trade?

Answers

Answer:

The city was convenient for trading opportunities.

Explanation:

When both the offeror and the offeree agree to all terms and conditions of the contract, this is known as
A. mutual assent
B. acceptance
C. counteroffer
D. offer​

Answers

Answer:

mutual assent

Explanation:

future changes in automobile technology are likely to include

Answers

Answer:    Flying cars??

Explanation: Im 99.9% sure it will happen.

Do you guys know any specific issues that affect businesses?? If so please name any!!! It’s urgent :)

Answers

political - For example, new legislation

economic - For example, inflation and unemployment

social - Changes in taste and fashion or the increase in spending power of one group, for example, older people

technological - For example, being able to sell goods online or using automation in factories

environmental - For example weather conditions affecting sales or production and growing interest in being ‘green’ , for example by recycling

competitive - The impact of a rival firm which may have a similar product or which may lower its prices.

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models of competitive markets are helpful in understanding real-world markets. to help you to better understand competitive markets, it is important to understand economic efficiency. sort the descriptions below into whether they are characteristics of productive or allocative efficiency.

Answers

Productive efficiency focuses on the cost of production while allocative efficiency focuses on the distribution of the products.

In economics, the efficiency or productivity of a business is classified into two types:

Productive efficiency.Allocative efficiency.

These two types of efficiency focus on different aspects of production and selling goods and services.

Productive efficiency: This type implies producing goods at the lowest cost possible. This means:

Avoiding unnecessary costs.Controlling costs when the number of units increases.

Allocative efficiency: This type implies selling or allocating the products in society. This means:

Considering the maximum amount the customer can pay for a product (marginal benefit).Making the cost of production equal to the marginal benefit.

Note: This question is incomplete because the statements that need to be classified are not provided; due to this, I answered the question based on general knowledge.

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Question Mode Multiple Choice Question A marketing channel in which multiple segments are owned by the parent company is known as a(n) ______. Multiple choice question. conventional marketing channel independent marketing channel corporate vertical marketing system unified horizontal marketing system

Answers

Answer:

marketing channel....

________ capital is the economic or productive potential of employee knowledge and actions.

Answers

Answer:

human capital i think

Explanation:

The entity’s manufacturing division, whose assets constituted 75% of its total assets at September 30, Year 5 (end of year), was sold on November 1, Year 5. The new owner assumed the bonded indebtedness associated with this property. How should this event be presented in the financial statements?

Answers

The event should be presented in the financial statements as follows:

1. The assets side of the balance sheet will be reduced by 75%, with its accompanying accumulated depreciation.

2. The bonded liability on the balance sheet is eliminated by the relevant amount.

3. The journal entry should debit the Bonded Liability and accumulated depreciation, while the assets worth 75% are credited.

4. If the bonded indebtedness is more than 75% of the assets, the company records a profit on disposal on the income statement. Otherwise, it records a loss. If they are equal, there is no profit or loss.

Thus, the difference between the debit and credit entries constitutes either profit or loss on disposal.

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what is a company market share​

Answers

A company's market share is its sales measured as a percentage of an industry's total revenues. You can determine a company's market share by dividing its total sales or revenues by the industry's total sales over a fiscal period. Use this measure to get a general idea of the size of a company relative to the industry.

I hope this helps! Good luck.

Which of the following is a characteristic of a service?
A. Can be stored
B. Can be repeated in exactly the same way
C. Mass produced
D. Intangible

Answers

Answer:

D.Intangible

Explanation:

Because three characteristics of service are: intangibility, inseparability, variability

The correct answer is D. Intangible.  is a characteristic of a service

What are services

Services are intangible in nature. This means that they do not have a physical presence and cannot be touched or held like physical goods. This is one of the key characteristics that differentiates a service from a product.

Options A, B, and C are typically characteristics of goods, not services:

A. Services cannot be stored for later use like physical goods.

B. Due to the human aspect involved in delivering services, they may not be repeated in exactly the same way each time.

C. Services are generally customized to the individual customer and are not mass-produced in the same sense as physical goods.

Option D is therefore a service characteristic.

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How does your credit score impact the personal loan options you have
available?

(Put the correct answer )

Answers

Answer:

bad credit score would negatively affect your loan options because the bank won't see you as someone who can pay it back on time

which of the following are NOT needed to calculate cost of goods sold
a. purchases and wages
b. purchases and salaries
c. wages and closing stock
d. wages and salaries​

Answers

Option c is correct.

I WILL GIVE BRAINLIEST!!!!! THIS IS UP FOR THE MOST AMOUNT OF POINTS POSSIBLE!!!!!!!! ANY FALSE ANSWERS OR LINKS WILL BE REPORTED!!!!! PLEASE HELP ME!!!!!!!!!!
Louise is a marketing administrator at a financial institution. She has spent most of her busy day in meetings. She had a long department team meeting during the first half of the day. After lunch, she had a cross-departmental team meeting, followed by an administrative team meeting.

A. What type of employees were likely present at each of the three meetings? Provide an example of what each meeting might have been about.

B. Louise was assigned as team leader of the cross-departmental team. Since the team involves individuals who are all quite different, what kind of group dynamics should Louise watch out for? What can she do to ensure the team stays productive and motivated?

Answers

Answer:

A. 1. department team

2.  cross-departmental team

3. administrative team

B. Louise needs to pay close attention to the individuals who are all "quite different." Louise must monitor each staff member accordingly to ensure that that team stays productive.

Explanation:

Traditional stock split definition

Answers

Answer:A traditional stock split is also known as a forward stock split. ... A company that issues a reverse stock split decreases the number of its outstanding shares and increases the share price. Like a forward stock split, the market value of the company after a reverse stock split would remain the same.

Explanation:

Answer:

A traditional stock split is also known as a forward stock split. ... A company that issues a reverse stock split decreases the number of its outstanding shares and increases the share price. Like a forward stock split, the market value of the company after a reverse stock split would remain the same.

Explanation:

I hope this help! :)

What else can a digital wallet be used for?

Answers

Answer:

Explanation:

Digital wallets can be used in conjunction with mobile payment systems, which allow customers to pay for purchases with their smartphones. A digital wallet can also be used to store loyalty card information and digital coupons.

competitive price-taker markets and purely competitive markets are:

Answers

Answer:

While a competitive market determines the equilibrium point by staying in tune with the supply and demand curves, a perfectly competitive market does not have that luxury. A perfectly competitive market must accept the price point and must only decide how much to sell.

Explanation:

what is the primary source of fuel in south america

Answers

The primary source of fuel in South America is petroleum.

If you could franchise a business - what business would you choose? (2-3 sentences)

Answers

Answer:

I would choose the Franchise Dunkin Donuts since many people get hungry in the morning. And since plenty of people work in the day times. It would be a mastermind full proof plan of sweet success.

Explanation: In Russia dog does not eat your homework, I do.

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i don't understand the second part (see photo) how many years it take for a chiken to live Which of the following relations is not a function?{(0,0),(1,0),(2,0)}{(1,2),(3,-5),(-1,7)} {(7,-1),(3,-2),(5,-2)}{(-1,3)(4,2),(-1,5)} HELP PLEASE!!!Understanding the Main IdeasRead the following statements. If a statement is incorrect, place an X on the line next toits number. On the line following the statement, replace the underlined word or phraseto make the statement correct.__1. People who did not follow the established church were often persecuted.__________2. The Pilgrims believed they needed the precedent because some of the colonistswere not Pilgrims and did not have to obey them.__________3. The Pilgrims came to North America to find gold.___________4. The Pilgrims were able to survive early hardships because they received helpfrom England.____________5. Most later Dut 2 colonies in North America set up their own establishedchurches.________ Are obsessions healthy? Why? Why not? (3 sentences) the area of a square is 400 units. if the length of each side of the square increased by one unit, would its area be a rational number Literature review is a detailed description of the procedures that will be used to investigate your topic or problem. (T,F) helppppppppppppppppppp Problem 4:A body fell vertically from the top of a tower. It covered 123.1 m in the final two secondsbefore hitting the ground. Determine the height of the tower rounding your answer to thenearest two decimal places. Let the acceleration due to gravity g=9.8 m/s2. Please help with the answerI just need an answerDon't answer if you don't know so that the points are not wasted What is this question I need help angle sum theorem Economics of MigrationA woman working in Dubai who sends money home to her family is participating in the sending ofremittanceseconomic migration(voluntary migrationDintervening opportunityEintervening obstacles 5.) How could we have improved this activity to be more precise?ball on ramp 1/2 : 10 = 2 12 : xWhat is the value of x Which of the following observations indicates that atoms of all elements contain small, negatively charged particles?Alpha particles are repelled by cathode rays of elements.b.Cathode rays are deflected towards a positively charged rod.c.A particular frequency of light is produced by a gas in an excited state.d.Certain areas of the atom called orbitals contain all the charged particles Determine the x-intercept points of the function h(x) = (x 5)(x 6). Solve the equation. Explain each step and identify the property used to reach each step.0.6x+0.8=1.4 whats the LCM for 22, 44 show your work Tng s ht e, p, n ca nguyn t M l 40, s ht mang in hn s ht khng mang in l 12. Tng s ht e, p, n ca ng.t X l 24, s ht mang in hn s ht khng mang in l 8.a, Tm s hiu, s khi ca cc nguyn t M v X. b, M s mt hay thu thm bao nhiu electron, X s mt hay thu thm bao nhiu electron t cu hnh bn vng ? Brainliest!!!!!!!!!!!!!!!