{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-29T17:14:48-04:00", "answer_date": "2024-05-29 17:14:48", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1896899", "url": "\/study-help\/questions\/bmultiple-choice-1-historical-cost-basis-the-company-records-and-1896899", "question_creation_date_js": "2024-05-29T17:14:48-04:00", "question_creation_date": "May 29, 2024 05:14 PM", "meta_title": "[Solved] B.Multiple Choice 1. Historical Cost basi | SolutionInn", "meta_description": "Answer of - B.Multiple Choice 1. Historical Cost basis: the company records and reports its assets at the value of a. appraisal va | SolutionInn", "meta_keywords": "multiple,choice,1,historical,cost,basis,company,records,reports,assets,value,appraisal", "question_title_h1": " B.Multiple Choice 1. Historical Cost basis: the company records and reports its assets at the value of a. appraisal value. b. cost. c. market", "question_title": " B.Multiple Choice 1. Historical Cost basis: the company records and reports", "question_title_for_js_snippet": "B Multiple Choice 1 Historical Cost basis the company records and reports its assets at the value of a appraisal value b cost c market price d current value 2 Which of the following events cannot be measured in monetary terms and is not recorded as an accounting transaction a Discussion of cooperation contracts with business partners, b Purchase of a new computer c Shop Equipment Sales d Debt repayment 3 For companies, shares are a Company capital b Company debt c Company wealth d Company investment 4 Financial statements showing Assets, Liabilities (liabilities) and Equity a Notes to Financial Statements b Cash Flow Statement c Income statement d Financial Position 5 Are the following transactions included in the Income Statement (IS), Statement of Financial Position (FP), Retained Earning Statement (RE), atatu Comprehensive Income Statement (CI) a Other Comprehensive Income b Salaries expense c Share Capital Ordinary d Acount Payable e Dividend f Service Revenue", "question_description": "\"image", "transcribed_text": "B.Multiple Choice 1. Historical Cost basis: the company records and reports its assets at the value of a. appraisal value. b. cost. c. market price. d. current value. 2 Which of the following events cannot be measured in monetary terms and is not recorded? as an accounting transaction a. Discussion of cooperation contracts with business partners, b. Purchase of a new computer c. Shop Equipment Sales. d. Debt repayment 3. For companies, shares are? a. Company capital. b. Company debt. c. Company wealth. d. Company investment 4. Financial statements showing Assets, Liabilities (liabilities) and Equity a. Notes to Financial Statements b. Cash Flow Statement c. Income statement d. Financial Position 5. Are the following transactions included in the Income Statement (IS), Statement of Financial Position (FP), Retained Earning Statement (RE), atatu Comprehensive Income Statement (CI): a. Other Comprehensive Income b. Salaries expense c. Share Capital Ordinary d. Acount Payable e. Dividend f. Service Revenue", "related_book": { "title": "Intermediate Accounting", "isbn": "324300980, 978-0324300987", "edition": "10th Edition", "authors": "Loren A Nikolai, D. Bazley and Jefferson P. Jones", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/120.jpg", "uri": "\/textbooks\/intermediate-accounting-10th-edition-120", "see_more_uri": "\/textbooks\/business-finance-financial-modeling-3441" }, "free_related_book": { "isbn": "9039320128", "uri": "\/textbooks\/proceedings-of-the-1996-conference-on-advances-in-toxicology-and-applications-to-risk-assessment-3rd-edition-978-9039320129-269061", "name": "Proceedings Of The 1996 Conference On Advances In Toxicology And Applications To Risk Assessment", "edition": "3rd Edition" }, "question_posted": "2024-05-29 17:14:48", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/a-what-is-alpha-ones-nopat-why-does-nopat-differ-711348", "description": "A. What is Alpha One's NOPAT? Why does NOPAT differ from the earnings after taxes? B. Estimate the effective before-tax cost of the long-term debt. c. Estimate the effective after-tax cost of the...", "stars": 0 }, { "url": "\/billiard-ball-initially-at-rest-is-given-sharp-blow-by", "description": "A billiard ball initially at rest is given a sharp blow by a cue stick. The force is horizontal and is applied at a distance 2R\/3 below the centerline, as shown in Figure. The initial speed of the...", "stars": 3 }, { "url": "\/study-help\/fundamentals-of-biostatistics\/1-implement-the-test-in-problem-955-and-report-a", "description": "1. Implement the test in Problem 9.55, and report a p-value (two-tailed). 2. Answer the question in Problem 9.56 comparing TBUT time 5 minutes after drop instillation vs. TBUT before instillation. 3....", "stars": 3 }, { "url": "\/study-help\/psychology\/1-walk-to-the-child-look-into-his-or-her-1984487", "description": "1. Walk to the child, look into his or her eyes.", "stars": 3 }, { "url": "\/in-addition-to-the-reasons-listed-in-the-chapter-what", "description": "In addition to the reasons listed in the chapter, what other issues or events might cause an organization that does not have a formal IS vision recognize the need for developing one?", "stars": 3.5 }, { "url": "\/study-help\/questions\/budgeted-sales-for-fleetwood-corporation-for-the-first-quarter-the-9829137", "description": "Budgeted sales for Fleetwood Corporation for the first quarter the year are shown below: JANUARY FEBRUARY MARCH UNITS: 35,000 25,000 32,000 The company has a policy that requires the ending inventory...", "stars": 3.5 }, { "url": "\/study-help\/questions\/exercise-1212a-algo-process-costing-systemdetermine-equivalent-units-and-allocate-1595018", "description": "Exercise 12-12A (Algo) Process costing system-determine equivalent units and allocate costs LO 12-4 Stuart Ski Company manufactures snow skis. During the most recent accounting period, the company's...", "stars": 3.5 }, { "url": "\/study-help\/questions\/1-let-a-b-r-a-b-provide-a-1000914", "description": "1. Let a, b R, a \n \n \n \n Answered: 1 week ago", "stars": 3.5 }, { "url": "\/study-help\/questions\/case-71-incoterms-cif-a-contract-of-sale-was-ent-3773862", "description": "Case 7.1 Incoterms (CIF) A contract of sale was ent between an American company, BAT Inc., of Calu- met City, Ilinois (buyer), and a German scientific equipment manufacturing firm, Tola (seller), for...", "stars": 3.5 }, { "url": "\/study-help\/questions\/luanne-is-an-actuary-who-assesses-data-to-take-into-4002434", "description": "Luanne is an actuary who assesses data to take into account whether the data has been previously checked and verified. Which one of the following statements is correct? Available answer options...", "stars": 3.5 }, { "url": "\/study-help\/questions\/1recommend-two-knowledge-skills-abilities-or-other-characteristics-ksaos-to-5044680", "description": "1.Recommend two knowledge, skills, abilities, or other characteristics (KSAOs) to add to the dog trainer job description that align with the shelter's goals. 2.Explain how the shelter taking steps to...", "stars": 3.5 }, { "url": "\/study-help\/questions\/magnetic-fields-virtual-lab-instructions-on-editing-and-saving-pdfs-3631816", "description": "Part I - Magnetic Fields 1) Background and Theory Part I: A magnetic field exerts a force that could be attractive or repulsive on another moving\/stable magnet(s) depending on the polarities of both...", "stars": 3.5 }, { "url": "\/study-help\/questions\/1st-drop-down-162500-235625-203125-644082-8255840", "description": "1st DROP DOWN: $1,625.00 \/ $2,356.25 \/ $2,031.25 \/ $6,440.82 2nd DROP DOWN: $36,032,576.62 \/ $126,058,189.209 \/ $113,565,936.224 \/ $32,461,780.74 8. Present value of annuities and annuity payments...", "stars": 3.5 }, { "url": "\/suppose-the-government-bond-described-in-problem-1-above-is", "description": "Suppose the government bond described in problem 1 above is held for five years and then the savings institution acquiring the bond decides to sell it at a price of $940. Can you figure out the...", "stars": 3 }, { "url": "\/study-help\/organizational-behaviour-concepts-\/how-is-job-satisfaction-affected-by-daytoday-events-1636177", "description": "How is job satisfaction affected by day-to-day events? Appendix", "stars": 3 }, { "url": "\/study-help\/statistics-for-business-and-economics\/a-survey-showed-that-the-average-commuter-spends-about-26-1636183", "description": "A survey showed that the average commuter spends about 26 minutes on a one-way doorto-door trip from home to work. In addition, 5% of commuters reported a one-way commute of more than one hour...", "stars": 3 }, { "url": "\/study-help\/organizational-behaviour-concepts-\/job-characteristics-theory-suggests-that-five-core-characteristicsvariety-identity-significance-1636170", "description": "Job characteristics theory suggests that five core characteristicsvariety, identity, significance, autonomy, and feedbackcombine to result in particularly high levels of satisfaction with the work...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/1-points-exists-when-there-is-sufficient-documentation-to-allow-1896898", "next": "\/study-help\/questions\/the-following-balances-and-amounts-were-taken-from-the-financial-1896900" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": " B.Multiple Choice 1. Historical Cost basis: the company records and reports", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/bmultiple-choice-1-historical-cost-basis-the-company-records-and-1896899" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } } }