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lawyer [7]
2 years ago
4

Harper Travel Agency purchased land for $85,000 cash on December 10, 2019. At December 31, 2019, the land’s value has increased

to $93,000. What amount should be reported for land on Harper’s balance sheet at December 31, 2019?
Business
2 answers:
miss Akunina [59]2 years ago
5 0

Answer:

The amount which should be reported for land on Harper’s balance sheet at December 31, 2019 is $85,000

Explanation:

In this question, the accounting principle is used.  

The historical cost principle is one of the accounting principles which is used for the recording of the assets on the balance sheet.  

Under this principle, the assets are recorded in the purchase price, not by the increased price.

In this principle, the recording of the assets is done based on the amount on which the assets are purchased not by the increased value.  

So, 85,000 should be recorded.

qaws [65]2 years ago
4 0

Answer:

This is not an answer but...

Explanation:

Did you know there's an app called Socratic that you take a picture of a question and it searches the web for a source or website with the answer highlighted. I haven't used it before but it might help.

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Twinte Cars, a California corporation, has internal corporate requirements that stipulate a three-year payroll document retentio
Elena-2011 [213]

Answer:

-The period for retention could be up to 8 years depending upon the circumstances.

-The benefits and records may be called to evidence

Explanation:

In this scenario Twinte cars needs to balance internal requirement of 3 year payroll document retention period and the contract if 6 year payroll retention with the international company. Usually foreign companies have a higher retention requirement.

A way out of this predicament will be to get a new retention period of 8 years. This will satisfy requirements of the international company.

Also Twinte cars can provide benefits and records from their internal 3 year payroll retention to the international company

4 0
2 years ago
Enlightened marketing calls for building long-run consumer engagement, loyalty, and relationships by continually improving the b
VMariaS [17]

Answer:

A) customer value marketing

Explanation:

Customer value refers to the value that our customers assign to the products or services that our company sells them. In other words, is the cost of our product or service offset by the benefits that we receive from consuming it. As long as the equation is always favorable to our side, i.e. perceived benefits > cost of our product, our customers will continue to purchase our products or services.  

Customer value marketing tries to continuously increase the customers' perceived benefits, therefore always keeping the equation favorable to our side.

6 0
2 years ago
Angelica Canizales is the CEO of Mucho Dinero Enterprises. Sales have dropped for four consecutive years and accountants have re
FinnZ [79.3K]

Angelica's decision to completely redesign Mucho Dinero's organization indicates that she believes the best approach to her firm's problems is

A. restructuring.

Explanation:

Angelica has found that the problem that riddles her company is not something from the outside that can be cured from bailing out certain elements but comes from within in that it is imbibed in their own structure as a firm.

This means that they are lacking in communication between different structures inside the company. So the restructuring of the functional structures keeping in mind communication flow can do the trick for the firm.

5 0
2 years ago
Relevant interventions do not need acceptance or ownership from organization members
Bezzdna [24]
The answer would be False 
7 0
2 years ago
When new coke was introduced, it failed miserably in the market. after removing it from its product line, what did coca-cola mos
Mama L [17]
The correct option is this: COCA COLA WILL SHIFT THE EXCESS CAPACITY TO THE PRODUCTION OF OTHER SOFT DRINK PRODUCTS.
The capacity that was devoted to the failed drink will be diverted towards the production of other soft drinks that the Coca cola company is manufacturing. 
4 0
2 years ago
Read 2 more answers
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