Tim is the accountant of a trading firm. Two years ago, the company bought a commercial van that had a value of $10,000. The van’s current market price is $8,500. However, Tim continues to value it at the original cost. Which principle guides his action?

Answers

Answer 1

Answer:

B. historical cost

Explanation:

According to the historical cost principle, the assets should be valued at purchased cost whether the market value is more or less

Since in the question, it is mentioned that the Tim continues the commercial van value at the purchased cost only even the market price is available

So this represents the historical cost principle

Hence, the correct option is b,


Related Questions

List four people you know who would be good references to include on a job application. What is their relationship to you? Explain why you have selected them. ​

Answers

Answer:

Explanation:

Someone you have worked with previously (a coworker). They would be able to speak for how well you work with other people, how you contribute to the environment etc.

Boss from previous job. They can testify to the quality, quantity, regularity and consistency of work + how responsible and dependant you are.

Someone you do volunteer work with or anything extra-curricular related to job. Shows passion and character outside of a professional environment.

A teacher (if its your first job), who can show how well you learn new skills and how willing you are to be critiqued and improve.

Answer:

My friend Sanatana, we worked together really well. My other friend Feliciti, we worked on register together. My friend Daniel, he and I worked salads together. My mom, who would be a good character reference.

Which is an example of capital gains tax?


10% tax on gambling winnings

9% tax on all sales

15% tax on profits from stock sales

30¢ tax per gallon of gasoline

Answers

D Is the correct answer

Answer:

D- 30¢ tax per gallon of gasoline

HELP MEEEE


A family buys a new home for $150,000. However, they also have to set aside
an extra $1,500 to pay to the local government for owning the house. This is
the result of the:
A. estate tax.
B. sales tax.
C. income tax.
D. property tax.

Answers

Answer:

Property tax

Explanation:

This is the answer from my according because under construction properties tax is 12%

P R Ø P Э R T Y TAX

Answer right there ⬆️

If bids on keywords in a bid strategy are manually overwritten, how long will it take for the bid strategy to resume bidding on those keywords

Answers

Answer: 24 hours

Explanation:

When the max CPC is manually overriden, the new max CPC will remain for 24hours, this would make the search Ads 360 optimization system not to update the max CPC during this time. After 24hours margin, the search Ads 360 will resume optimizing your bids inorder to meet the goals of bid strategy in turn starts the max CPC manually.

What kind of network might you have at home?
A.
LAN
B.
WAN
C.
Wireless
D.
Intranet

Answers

Answer:

d

Explanation:

intranet

D intranet

I know this because I am very smart

The development of market power by a firm is considered to be a market failure because firms with market power will

Answers

The correct answer is that firms with market power will produce less and charge a higher price than what would be socially optimal.

You research finds 5,400 potential customers for your bowling alley, and you think each is willing to spend $10, five times per year, to bowl. What is the total potential revenue represented by these customers?

Answers

Answer:

$270,000

Explanation:

Potential customers are 5400

Each customer can spend $10; 5 times per year.

Therefore, each customer will spend  $10 x5 = $50 per year.

Potential revenue = $50 per customer x 5400 customers

=$270,000 per year

Both employers and colleges often have a place for you to include your interests on their
O evaluation
O survey
O application
O wish list



The correct answer is application

Answers

application eiwkekwkw

who are the guys want to be singer .plzzzzzzgive me some comment.

Answers

Answer:

anyone with a good voice and looks can be a singer

I think only certain people can sing if they train enough and commit to being the best they can be

list the importance of physiotherapist and dentist

Answers

Answer:

Importance of physiotherapist:

1. They help people affected by injury,illness or disability through movement and exercise,manual therapy, education and advice.

2. They maintain health for people of all ages, helping patients to manage pain and prevent diseases.

3. Manage heart and lungs problem.

4. Recover from or prevent a sports injuries.

Importance of dentists:

1. Dentists helps to keep your teeth and mouth healthy.

2. It helps to prevent from tooth decay.

3. Protects against gum diseases, which can lead to tooth decay.

Physiotherapist assist people who have been injured, ill, or disabled through movement and exercise, manual therapy, education, and advice, and the dentist help to maintain the health of your teeth and mouth.

What is the physiotherapist?

Physiotherapists treat people of all ages, assisting them in regaining their range of motion after an injury or illness. They also use exercise and manual therapy to help disabled people improve their health and quality of life.

Physiotherapist assist people who have been injured, ill, or disabled through movement and exercise, manual therapy, education, and advice, physiotherapist keep people of all ages healthy by assisting patients with pain management and disease prevention.

They are differing from the Dentists, as the dentists help to maintain the health of your teeth and mouth, It aids in the prevention of tooth decay, and helps to prevent gum disease, which can lead to tooth decay.

Therefore, physiotherapist and Dentists both play the important role for the patients.

Learn more about the physiotherapist, refer to:

https://brainly.com/question/28941462

#SPJ2

Betty made a 20% profit on a residential lot she sold for $30,000. What did she pay for the property

Answers

Answer: $25000

Explanation:

From the question, we are informed that Betty made a 20% profit on a residential lot she sold for $30,000. Let the cost price of the property be represented by x.

Therefore, (100% + 20%) of x = $30000. This means that 120% of x = $30000.

120% × x = $30000

1.2x = $30000

x = $30000/1.2

x = $25000

Therefore, the amount paid for the property is $25000

What is one of the reasons why an advertiser should consider using Performance Planner on a monthly basis?

Answers

The reason should be Auctions fluctuate all the time

Performance Planner:Performance Planner refers to a tool that lets you develop the plans for the advertising spend. And measured how changes to campaigns may effect key metrics and overall performance.So here the reason should be of auctions.

Learn more about the performance here: https://brainly.com/question/24304453

In order to qualify as a REIT, A) at least 90% of the assets must be invested in real-estate related assets. B) a mortgage REIT must have at least 75% of the assets in government-insured mortgages. C) at least 75% of the income must be paid out as dividends to investors. D) at least 75% of the assets must be invested in real-estate related assets, cash, and U.S. government securities.

Answers

Answer:

D) at least 75% of the assets must be invested in real-estate related assets, cash, and U.S. government securities.

Explanation:

A Real Estate Investment Trust (REIT) are businesses that invest in real estate property and provide dividends to their stockholders. They are similar to mutual funds, except that instead of investing in stocks or securities, they invest in real estate properties. At least 90% of taxable income must be distributed as dividends.

pleaseeeeeeee helpppp;((((

Answers

For title bar it is “across the page,name of open” hope this helps you out :D

What is the purpose of a bank?
A financial investigator
A financial tracker
A financial intermediary
A financial advisor

Answers

Financial advisor would be your answer

Why do schools serve milk instead of water?

Answers

Explanation:

They serve milk because many children need the nutrition. It might seem antiquated, it began in the late 1900–1920's in public schools to provide food for impoverished kids. Some high schools offer a variety of drinks including water, but by that age kids should know better about what to consume.

Answer:

i don't know I think it's because they have water fountain and they are probably just lazy to get water or can't afford it

Describe entrepreneurship. How is it different than working for someone else?
How does entrepreneurship affect you? How does it affect the economy?

Answers

It is the study of process involved in identifying a business opportunity and acquiring the necessary resources to start and run the business

~It has created employment

~It has reduced rural-urban migration since some businesses have been set up in Rural areas.

~Saving imports since goods can be locally produced reducing the cost of importing them

~It has raised people's standard of living since one can acquire goods he/she can't produce

~The government can earn there revenue from taxation of the businesses set up by the entrepreneurs

The entrepreneur is the person involved in entrepreneurship.He/she can be the employer of his/her business.Thats what makes it different from being employed/working for someone else.We can say Bill Gates is an entrepreneur since he started Microsoft

A cash-basis taxpayer made a bona fide, nonbusiness loan to an acquaintance in year 1. At the end of year 2, it is determined that the taxpayer will likely be able to collect only 20% of the principal, and no interest has been or will be collected. How should the loss be treated for tax purposes in year 2

Answers

Answer:

None of the loss amount in year 2 will be deductible

Explanation:

Based on the information given How the loss will be treated for tax purposes in year 2 is that the LOSS amount will NOT be deductible in Year 2 reason been that tax payer can only collect the deduction in bad debt in the year the bad debt has no real value and become un-useful.

Secondly the tax payer should not wait till the debt is due before knowing whether the bad debt has no real value reason been that bad debt will has no real value when there is no hope that the debt amount that is owed will be paid which is why to a limited extent a non business bad debt that has no real value will not be deductible.

Therefore How the loss will be treated for tax purposes in year 2 is that None of the loss amount in year 2 will be deductible

When positive externalities are present in a market a. private benefits will be greater than social benefits. b. social benefits will be greater than private benefits. c. only government regulation will solve the problem. d. the market will not be able to generate an equilibrium.

Answers

Answer:

b. social benefits will be greater than private benefits

Explanation:

Positive externalities can be defined as those that produce positive effects for society in relation to the consumption of a good or service.

This is because the social benefit is the sum of the private benefit plus the sum of the external benefit.

An example of positive externality pertinent to the present is the fact that vaccinating people generates greater positive effects on society, because when vaccinating an individual there is less chance of having more people infected with some disease.

So it is correct to say that the social benefits will be greater than the private ones. Letter b.

XYZ Mortgage Company just mailed a Closing Disclosure to a consumer. The waiting period prior to closing will begin:

Answers

Answer:

The waiting period will begin on the third business day after the closing disclosure is mailed.

Explanation:

The closing disclosure is a 5 page form that your mortgage lender must send to you. It includes all the relevant information about the loan that you applied for, e.g. estimated monthly payments, closing costs and other fees, etc. But the closing disclosure doesn't mean that the loan has been approved, it is a formality prior to closing the deal.

which of the following describes the free enterprise system the untied states

Answers

Answer:

The free enterprise system of the United States is best described with the following statement: It is a mixed economy with limited government intervention and a great deal of economic freedom.

12 POINTS SENd HELP IM BEING TIMED

Explain how can you avoid conflict by adjusting your own behavior?

Answers

Conflict as in argument well for that first u should stay calm cuz when u angry u can’t make gud decisions second u have to think calmly everything and if u r wrong u have to accept it

Answer:

You can avoid conflict by adjusting your own behavior because if you are calm and don't get irritated with someone it implies that you are not trying to argue or cause a fight.

Explanation:

edge 2020 correct

Looking at an automobile insurance policy, you are likely to see amounts written such as 100/300. What does this mean?

Answers

Answer:

see below

Explanation:

In an automobile insurance policy, the number 100/300 refers to liability coverage by the insurance company. They represent the amount of compensation the insurance company will pay for bodily injuries per accident when the insured is at fault.

The first digit represents the maximum amount in thousands the insurance will pay per person for bodily injuries. The second digit is the total maximum amount the insurance company will pay for bodily injuries per accident. In this case, 100 means the insurance company will cater for bodily to a limit of $100,000 per injured person. 300 means that the company will pay a maximum of $300,000 per accident for all bodily injuries per accident. Any amounts in excess will be met by the insured.

Look at the following chart. Producer A · Can produce 200 apples and 100 oranges in one day - Can produce 400 apples and o oranges in one day

Answers

Answer:

D

Explanation:

Based on the following information, the opportunity cost of producer A is to choose to grow both varieties of fruits or apples only. Thus the correct option is D.

What does the opportunity cost?

A situation of abundance, where an individual has a variety of options available and chooses one option over another by evaluating their importance is referred to as opportunity cost.

In the given case, it is explained that Producer A's opportunity cost needs to determine between two choices. It states in the chart that producer A produces 200 apples and 100 oranges in a day. It also states that he can produce 400 apples and  0 oranges in one day.

Opportunity costs can be seen in every situation where a person is required to decide between something and giving up something else. In accordance with this theory, economic agents choose options that maximize benefits.

Therefore, option D is appropriate.

Learn more about opportunity cost, here:

brainly.com/question/12121515

#SPJ5

In some ways, a debit card is more vulnerable to theft than cash or a checkbook. Explain how this is so. << Read Less

Answers

A debit card is more vulnerable because its contained value are sometimes high.

A debit card is a card issue to a bank account owner to enable easy access to money.

This card works by deducting money directly from the owners checking account with a bank.

A debit card can also be termed a money because its contains value and can be used pay for transaction at any point of sales.

The debit card are more vulnerable because the value therein may be large, so, fraudsters target stealing the card rather than stealing cash or checkbook.

Learn more about Debit Card here

brainly.com/question/1169716

"Who is responsible for filing a U-5 Form with IARD when an investment adviser representative is terminated and associates with another advisory firm?"

Answers

Answer: The investment adviser that is the former employer is responsible

Explanation:

U-5 is a security industry termination form filled by the employer that terminates an individuals employment.

When the individual relates with another advisory firm, the new employer now reactivates the individuals registration by filling a U-4 with IARD. The employee is not really notified when both forms are filled

Only 3 days left! 50 POINTS! Agriculture, Food, and Natural Resources Workplaces and Tasks
Multimedia Presentation Active Instructions
Click the links to open the resources below. These resources will help you complete the assignment. Once you have created your file(s) and are ready to upload your assignment, click the Add Files button below and select each file from your desktop or network folder. Upload each file separately.

Your work will not be submitted to your teacher until you click Submit.

Documents
Student Guide
Resources
Multimedia Presentation Rubric
Plz Help and don't just steal points

Answers

Answer:

Agriculture is the science and art of cultivating plants and livestock. Agriculture was the key development in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that enabled people to live in cities. The history of agriculture began thousands of years ago. Agriculture is the art and science of cultivating the soil, growing crops and raising livestock. It includes the preparation of plant and animal products for people to use and their distribution to markets. ... These products, as well as the agricultural methods used, may vary from one part of the world to another. Agriculture plays a critical role in the entire life of a given economy. Agriculture is the backbone of the economic system of a given country. In addition to providing food and raw material, agriculture also provides employment opportunities to a very large percentage of the population.

Food is any substance consumed to provide nutritional support for an organism. Food is usually of plant, animal or fungal origin, and contains essential nutrients, such as carbohydrates, fats, proteins, vitamins, or minerals. Food is what people and animals eat to live. Food usually comes from animals and plants. It is eaten by living things to provide energy and nutrition. Food contains the nutrition that people and animals need to be healthy. Using Harvard's Healthy Eating Plate as a guide, we recommend eating mostly vegetables, fruit, and whole grains, healthy fats, and healthy proteins. We suggest drinking water instead of sugary beverages, and we also address common dietary concerns such as salt and sodium, vitamins, and alcohol.

Natural resources are resources that exist without any actions of humankind. This includes all valued characteristics such as commercial and industrial use, aesthetic value, scientific interest and cultural value. On Earth, it includes sunlight, atmosphere, water, land along with all vegetation, and animal life. Natural resources are materials from the Earth that are used to support life and meet people's needs. Any natural substance that humans use can be considered a natural resource. Oil, coal, natural gas, metals, stone and sand are natural resources. Other natural resources are air, sunlight, soil and water. Resources are important for the development of any country. For example, to generate energy, one need fossil fuels; and for industrial development, we require mineral resources. ... Natural resources are getting scarce with the increasing population, so it is essential to conserve them.

Dennis Company purchases Miles Company for $4,200,000 cash on January 1, 2015. The book value of Miles Company's net assets reported on its December 31, 2014 financial statement was $3,800,000. An analysis indicated that the fair value of Miles's tangible assets exceeded the book value by $600,000, and the fair value of identifiable intangible assets exceeded book value by $320,000. What amount of gain or goodwill is recognized by Dennis

Answers

Answer: $520,000

Explanation:

The amount of gain or goodwill is recognized by Dennis would be calculated as:

Book value of net asset = $3,800,000

Add: Increase in the fair value of Miles's tangible assets = $600,000

Add: Increase in the fair value of identifiable intangible assets = $320,000

Fair value of net asset = $4,720,000

Less: Cash paid for purchase = $4,200,000

Gain = $4,720,000 - $4,200,000

= $520,000

Aja receives the following email:
Dear Valued Credit Card Customer,
We have noticed suspicious activity in your account and have placed a security freeze on it. In order to activate it you will need to follow the link below. Please have your card handy and be prepared to verify personal information.
What action should Aja take?

Answers

Answer:

She should not follow the link

Explanation:

Because this is probably not really the credit card company, and they are trying to get personal information out of her.

Which group of words bet describes wants?

Answers

Answer:

unlimited, changing, and competing

Explanation:

Other Questions
5x + 3y = -3 2X - 3y = 24 plz answer! only if correct HELP WILL MARK BRAINLIEST A car is 180 inches long. A truck is 75% longer than the car. How long is the truck? If BC is the image of XY after a rotation about the origin, then what is always true about BC?ABC is a vertical segment. BBC is a horizontal segment. CBC is in the same quadrant as XY.DThe length of BC is the same as XY. Pls help me ASAP I have other homework to do and I dont have time for this. It also detects if its right or wrong:( Help me Need help will get barinliest i. what is sec (17pi/3) show your work. john uses a 25N force to push a boulder off a cliff that is 312m tall. What is the work done on the boulder? what is the value of the digit 2 in 92153 Which expressions are equivalent?Select Equivalent or Not equivalent for each pair of expressions 3(ab) and 3a3b 3( ab ) and 3a3b 3( ab ) and 3a3b2a(2+b) and 4ab 1. 4/5 - 1/62. 3/10 - (-1/4)3. -2/3 + (3/4 + 5/3) If 30% of all the people at the carnival are on a ride, how many people are on a ride? Does anyone know what Yttrium(II) Dichromate's formula would look like? Which statement is NOT true of cable news channels?They always present a balanced and objective view of the news.They offer breaking news programs similar to the ones on network TV.They include several different types of news programs.They sometimes present only one political point of view. Which statement best represents the distance on a number line between -14 and -5? 2. Media sharing websites let you post photos and videos to share with other people. What are the benefits and drawbacks of using these websites? which expression represents"divide the sum of x and 2 by 4"? Explain the impact of personal health behaviors on the functioning of body systems. Find the volume of a right circular cone that has a height of 17 m and a base with a circumference of 6.3 m.