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viva [34]
2 years 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]2 years 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.

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Vignana corporation manufactures and sells hand-painted clay figurines of popular sports heroes. shown below are some of the cos
SVETLANKA909090 [29]

Answer:

$175,000

Explanation:

Conversion costs are production costs that must be incurred in order to change raw materials into products.

Therefore, we have:

Total of the conversion costs = Cost of clay used in production + wages paid to the workers who paint the figurines = $76,000 + $99,000 = $175,000

8 0
2 years ago
Ivan is an operations manager of a chain of amusement parks. Before she determines a new location for a park, she must forecast
Lelechka [254]

Answer:

because Ivan's decisions will impact the substantial cost of the business.

Explanation:

An operations manager is responsible for managing organizational resources and applying them effectively to meet organizational goals and objectives. It is therefore necessary that Ivan as the operations manager of a network of amusement parks, before determining a new location for a park, he must anticipate the customer demand and determine the adequate capacity of the site for the construction of the park. that their decisions will directly impact the substantial cost of the business, that is, the planning must meet the needs specified by the customer so that the cost is compatible with the budget provided for by an effective planning for that business.

Organizational resources must be allocated efficiently and effectively so that there is compliance with the objectives and goals of a business and for it to be well positioned and successful in the market.

4 0
1 year ago
When Nina tells her manager that she doesn't feel she needs to attend various training sessions at company expense or utilize su
Virty [35]

Answer:

The right answer is, False.

Explanation:

Nowadays companies seek to improve the attitudes, knowledge and skills of their employees, through training activities so that everyone works synergistically in achieving the objectives of organizations.

3 0
2 years ago
Mr. and Mrs. Atoll are planning a party for 10 people and want to make sure they have enough soda for everyone to have two bottl
Rama09 [41]

Answer:

3. one case of 24 sodas @ $ 18.50

Explanation:

The question requires that the hosts need to have enough to have two sodas each. The number of guests being 10, the requirement is to have 20 sodas.

Now comparing the various pack sizes available:

1. 20 sodas $ 1.50 per bottle, Total cost $ 30, per serving cost $1.50

2. 4 6 packs @ $ 5 each. Total cost $20, Per serving cost $0.83

3. 24 soda case @ $18.5. Total cost $ 18.50, Per Serving costs $ 0.77

4, 2 x 24 soda cases @ 18.50. Total Cost $ 37.00 Per serving costs $ 0.77

The per serving costs are the same in 3 & 4 above, however, since the requirement is to have 20 sodas and the overall costs as well as the per serving costs is the best in option 3, this is the preferred option.

8 0
2 years ago
Kamran Siddiqui owns a successful fitness center in an affluent suburb of Karachi, Pakistan. He just received funding and plans
ArbitrLikvidat [17]

Answer:

<h3>?</h3>

Explanation:

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2 years ago
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