Business, 12.12.2019 01:31, natalyarenassalgado
Cayo casta cabins corporation recently purchased ship island resort and casino and the land on which it is located with the plan to tear down the resort and build a new luxury hotel on the site. cayo casta cabin corporation salvaged fixtures and wood flooring from ship island prior to demolishing the building. the proceeds from the sale of the salvaged materials should be
1. recorded as a reduction of the cost of the new hotel.
2. recognized as revenue in the period of the sale.
3. recognized as an extraordinary gain in the year the hotel is torn down.
4. recorded as a reduction of the cost of the land.
Answers: 3
Business, 21.06.2019 23:30, brittd2728
Martha is the head of the accounts department in a small manufacturing company. the company follows the accrual-basis method of accounting. it recently purchased raw materials worth $5,000 from its vendors. however, the company paid only $3,000 to its vendors. it plans to pay the remaining amount after three months. considering this information, which entry should martha record in the company’s accounts? a. $5,000 as accounts receivable b. $3,000 as accounts payable c. $2,000 as accounts payable d. $2,000 as accounts receivable
Answers: 3
Business, 22.06.2019 22:40, michelerin9486
Utilization will always be lower than efficiency because: a. effective capacity is greater than design capacityb. expected output is less than actual output. c. effective capacity equals design capacity. d. effective capacity is less than design capacity. e. expected output is less than rated capacity.
Answers: 3
Business, 23.06.2019 07:50, samueldfhung
Discuss the positive and negative effects of the north american free trade agreement on the united states. support your conclusions with examples and evidence from the lesson.
Answers: 2
Cayo casta cabins corporation recently purchased ship island resort and casino and the land on which...
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