answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
viva [34]
1 year ago
12

The basic principle used to value an asset acquired in a nonmonetary exchange is to value it at: A) Fair value of the asset(s) g

iven up. B) The book value of the asset given plus any cash or other monetary consideration received. C) Fair value or book value, whichever is smaller. D) Book value of the asset given.
Business
1 answer:
Advocard [28]1 year ago
4 0

Answer: A) Fair value of the asset(s) given up.

Explanation:

Non-monetary exchange occurs when non-financial assets are exchanged in a transaction. Recording this transaction is based on the fair value of the assets exchanged and the recording is usually done in one of 3 ways being,

1. At the fair value of the asset transferred in exchange for it with a gain or loss on the exchange being recorded.

2. At the fair value of the asset received, if the fair value of this asset is more evident than the fair value of the asset transferred in exchange for it.

3. At the recorded amount of the surrendered asset, if no fair values are determinable or the transaction has no commercial substance.

If you need any clarification do comment.

You might be interested in
Kendra believes the u.s. government to be corrupt, and thinks that there should be no governing force to control people's lives.
Rainbow [258]
The answer is anarchy.
4 0
1 year ago
The government of Alfon believes that its citizens should have complete freedom in their economic and political pursuits, and th
Salsk061 [2.6K]

Answer:

a. individualism.

Explanation:

Individualism is where policies are made that limits the power of the government and allows for more power of the private individual. It is a set of principles that favours the moral worth of the individual, self reliance and independence is promoted.

Individualism believes that of the individual is prosperous eventually the economy will become better off.

People do not depend on the government for support such as welfare

8 0
2 years ago
Read 2 more answers
Nabisco used a free-standing rack in the shape of a bus to promote its Ritz and other cracker products. The goal of the sales pr
blagie [28]

Answer:

point-of-purchase display              

Explanation:

Point-of-purchase display: The term "point-of-purchase display" is also denoted as "POP display" is described as one of the different marketing materials or advertising that is being placed next to any merchandise that it has been promoting. However, these items are being generally located or present in any checkout area or some other location whereby that specific purchase decision is being made.

In the question above, the given type of sales promotion is referred to as a point-of-purchase display.

8 0
2 years ago
A company is starting a fish farm in a man-made lake with a carrying capacity of 7500. The CEO wants to have a population of 500
Cloud [144]

Answer:

4,712 fingerlings

Explanation:

The amount that a sum will accumulate to at the end of a particular number of period if it grows at a certain rate per annum is given as

F= A× (1+g)^(n)

F- Sum at the end of the period, A- sum at the beginning of the period, n- number of period, g -growth rate

5,000= A× (1.02)^(3)

a= 5000/(1.02^3)

a= 4711.61

The  population at the start of fingerlings = 4,712

5 0
2 years ago
On March 1, Roxanne acquires a house for $160,000. She pays $20,000 down and borrows the remaining $140,000 by obtaining a 15-ye
natali 33 [55]

Answer:

a)$12,800.00

B)$10,439

Explanation:

Please see attachment

Download pdf
4 0
2 years ago
Other questions:
  • Mike wants to purchase an $11,350 car with a loan from a credit union that requires a 20% down payment. what amount will Mike bo
    11·1 answer
  • Grullon Co. is considering a 7-for-3 stock split. The current stock price is $75.00 per share, and the firm believes that its to
    6·1 answer
  • On August 1, Year 1, Ant Company sold Bee Company $1,500,000 of 10-year, 6% bonds, dated July 1 at 100 plus accrued interest. On
    11·1 answer
  • Eugene Wright is CFO of Caribbean Cruise Lines. The company offers luxury cruises. It's near year-end, and Eugene is feeling kin
    10·1 answer
  • Debby told you she picked an ownership structure that allows her business to borrow money, buy and sell property, and sign bindi
    9·1 answer
  • In 2009, the great recession finally took its toll on the Alamo Title company in San Antonio, Texas. The housing business was in
    7·1 answer
  • Consider three imaginary countries. In Aire, saving amounts to $4,000 and consumption amounts to $12,000; in Bovina, saving amou
    14·1 answer
  • A manufacturing company has variable overhead costs of $2.50 per unit and fixed costs of $5,000 per month. Each unit requires 4
    5·1 answer
  • On the last day of December 2016, Camreyâs Trucks entered into a transaction that resulted in a receipt of $216,000 cash in adva
    15·1 answer
  • 4. As of November 1, 1999, the exchange rate between the Brazilian real and U.S. dollar is R$1.95/$. The consensus forecast for
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!