subject
Business, 04.07.2020 21:01 antonjas001

Drye Township has received a donation of a rare painting worth $1,000,000. For drye's government-wide financial statements, three criteria must be met before drye can opt not to recognize the painting as an asset. Which of the following is not one of the three criteria?(1.) The painting is held for public exhibition, education, or research in furtherance of public service, rather than financial gain.(2.) The painting is scheduled to be sold immediately at auction.(3.) The painting is protected, kept unencumbered, cared for, and preserved. A) Item 1 is not one of the three criteria. B) Item 2 is not one of the three criteria. C) Item 3 is not one of the three criteria. D) All three items are required criteria.(E) None of the above

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 15:00
Because gloria's immediate concern was the perceived gender discrimination, she would be more concerned about than intent, resultsresults, intentstatistics, trendsrace,gendergender,race
Answers: 2
question
Business, 22.06.2019 15:40
Brandt enterprises is considering a new project that has a cost of $1,000,000, and the cfo set up the following simple decision tree to show its three most likely scenarios. the firm could arrange with its work force and suppliers to cease operations at the end of year 1 should it choose to do so, but to obtain this abandonment option, it would have to make a payment to those parties. how much is the option to abandon worth to the firm?
Answers: 1
question
Business, 22.06.2019 20:50
Swathmore clothing corporation grants its customers 30 days' credit. the company uses the allowance method for its uncollectible accounts receivable. during the year, a monthly bad debt accrual is made by multiplying 3% times the amount of credit sales for the month. at the fiscal year-end of december 31, an aging of accounts receivable schedule is prepared and the allowance for uncollectible accounts is adjusted accordingly. at the end of 2012, accounts receivable were dollar 586.000 and the allowance account had a credit balance of dollar 50,000. accounts receivable activity for 2013 was as follows: the company's controller prepared the following aging summary of year-end accounts receivable: prepare a summary journal entry to record the monthly bad debt accrual and the write-offs during the year. (if no entry is required for a particular event, select "no journal entry required" in the first account field.) prepare the necessary year-end adjusting entry for bad debt expense. (if no entry is required for an event, select "no journal entry required" in the first account field.) what is total bad debt expense for 2013? calculate the amount of accounts receivable that would appear in the 2013 balance sheet?
Answers: 2
question
Business, 22.06.2019 22:50
What is the difference between the contractual interest rate and the market interest rate?
Answers: 1
You know the right answer?
Drye Township has received a donation of a rare painting worth $1,000,000. For drye's government-wid...
Questions
question
Mathematics, 14.09.2020 23:01
question
Mathematics, 14.09.2020 23:01
question
Mathematics, 14.09.2020 23:01
question
Social Studies, 14.09.2020 23:01
question
Social Studies, 14.09.2020 23:01
question
Mathematics, 14.09.2020 23:01
question
Mathematics, 14.09.2020 23:01
question
Mathematics, 14.09.2020 23:01
question
Mathematics, 14.09.2020 23:01
question
Mathematics, 14.09.2020 23:01
question
Mathematics, 14.09.2020 23:01
question
Computers and Technology, 14.09.2020 23:01
question
Mathematics, 14.09.2020 23:01
question
Social Studies, 14.09.2020 23:01
question
Mathematics, 14.09.2020 23:01
question
Social Studies, 14.09.2020 23:01
question
Mathematics, 14.09.2020 23:01
question
Mathematics, 14.09.2020 23:01
question
Mathematics, 14.09.2020 23:01
question
English, 14.09.2020 23:01
Questions on the website: 13722367