subject
Business, 09.10.2019 16:20 PeachyPeaches1489

For each situation, list the assumption, principle, or constraint that has been violated, if any. list only one answer for each situation. a. east lake company recognizes revenue at the end of the production cycle but before sale. the price of the product, as well as the amount that can be sold, is not certain. choose one of the assumption, principle or constraint b. hilo company is in its fifth year of operation and has yet to issue financial statements. (do not use the full disclosure principle.) choose one of the assumption, principle or constraint c. gomez, inc. is carrying inventory at its original cost of $100,000. inventory has a fair value of $110,000. choose one of the assumption, principle or constraint d. bly hospital supply corporation reports only current assets and current liabilities on its balance sheet. equipment and bonds payable are reported as current assets and current liabilities, respectively. liquidation of the company is unlikely. choose one of the assumption, principle or constraint e. chieu company has inventory on hand that cost $400,000. chieu reports inventory on its balance sheet at its current fair value of $425,000. choose one of the assumption, principle or constraint f. toxy syles, president of classic music company, bought a computer for her personal use. she paid for the computer by using company funds and debited the "computers" account.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 15:10
Paying attention to the purpose of her speech, which questions can she eliminate? a. 1 and 2 b. 3 c. 2 and 4 d. 1-4
Answers: 2
question
Business, 22.06.2019 19:30
Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%
Answers: 3
question
Business, 22.06.2019 21:00
In a transportation minimization problem, the negative improvement index associated with a cell indicates that reallocating units to that cell would lower costs.truefalse
Answers: 1
question
Business, 22.06.2019 23:50
The sarbanes-oxley act was passed to question 6 options: prevent fraud at public companies. replace all of the old accounting procedures with new ones. improve the accuracy of the company's financial reporting. both a and c
Answers: 3
You know the right answer?
For each situation, list the assumption, principle, or constraint that has been violated, if any. li...
Questions
question
Business, 15.11.2019 00:31
question
English, 15.11.2019 00:31
question
Health, 15.11.2019 00:31
Questions on the website: 13722362