Answer:
Accrued Loss on Purchase Commitments $2,000,000
Explanation:
December 31, (recognition of loss on purchase commitments)
- Dr Loss on Purchase Commitments account 2,000,000
- Cr Accrued Loss on Purchase Commitments account 2,000,000
Since the price of raw materials lowered by 2,000,000, the company lost money on its purchase commitments:
Purchase commitments loss = contracted price - market value = $5,000,000 - $3,000,000 = $2,000,000
The loss on purchase commitments is an expense, and accrued loss on purchase commitments is a liability.
Answer:
A-1 B-3 C-4 D-2
Explanation:
The description given in option A fits utilitarianism which is an ethical term describing a decision where the best outcome for the largest possible number of people is considered the solution.
The description given in option B fits social contract which desribes accepting the authority of the state and deciding on basic principles so that the society can exist.
The description given in option C fits virtue ethics which is a field of ethics that discusses virtues such as honesty.
The description given in option D fits deontology which is an ethical theory that suggests that each action should be examined if it is good or bad by following certain rules.
I hope this answer helps.
Answer:
NONE
Explanation:
The BLS investment do not qualifies to use the equity-method as his percent of the comany's are below 20%
The investment will yield a gain for Leo when it distribute dividends and from the change in the market value of the share.
Their investment is valued at cost, it do not recognize gains for the company's income or losses.
The document that is being used by a seller in which the
contents and description of the property is placed for the buyer to see is in
the transfer disclosure statement. The transfer disclosure statement will
provide the description of the property and if there are any damages in the property
of additional fixtures or cost made. It could provide contents such as things
having to be furnished or not.
Answer:
a. Quality of a Solution 20% (x) Acceptability of the Solution 80%
Explanation:
We say that a solution is effective i.e 100%, when it has a 20% of its quality and 80% of its acceptability.
A solution is effective when it has a 100% effect. The application of a solution to a problem which yields 100% effect is said to be effective and acceptable.
The scale used is the relationship given as:
Effectiveness of a solution = Quality of a Solution 20% (x) Acceptability of the Solution 80%
