What are the accounting concepts of Martin Bryan owns a private house valued at $20,000,000.He is also

Fantastic news! We've Found the answer you've been seeking!

Question:

What are the accounting concepts of

Martin Bryan owns a private house valued at $20,000,000.He is also the owner of a business, Bryan's Real Estate.During the financial year 2019, he included the value of his private house in the books of the business.

2.Enterprise Ltd bought a Motor Car for $2,000,000 in 2017.This value was used to record the car in the financial statements of the business.

3.Creative arts Ltd has used three different methods to value inventories over the past 3 years.The FIFO method was used in 2017, a change was made to the LIFO method in 2018 and then another change to the AVCO method in 2019.

Posted Date: Jun 28, 2024 09:07 PM

See More Questions

Parker, Inc., acquires 70 percent of Sawyer Company for $420,000. The remaining 30 percent of LO6 Sawyers outstanding shares continue to trade at a collective value of $174,000. On the acquisition...
Peter Gowin was an employee of a granite countertop business owned by Joann Stathis. In November 2015, Gowin signed a promissory note agreeing to pay $ 12,500 in order to become a co- owner of the...
cion 14 Which of the following is NOT a period cost? et red d out of g question Select one: a. direct materials b. research and development costs c. general and administrative costs d. marketing costs
SCENARIO Your organization is an chemical supplier with employees in the following jurisdictions: Manitoba Prince Edward Island Yukon The organization is planning to implement a company-wide policy...
?In civil engineering, what is the main use of a slump test in concrete technology?
Briefly explain what spatial autocorrelation means and what method can be used to measure it
Discuss the theoretical implications of adopting biodegradable materials in civil engineering for reducing environmental impact and enhancing sustainability.
Analyze the role of civil engineering in coastal erosion management. What are the engineering strategies for shoreline protection, beach nourishment, and coastal infrastructure design to mitigate...
Analyze the impact of climate change on civil engineering practices, particularly in the areas of coastal and floodplain management, and discuss strategies for mitigating these impacts

What are the accounting concepts of Martin Bryan owns a private house valued at $20,000,000.He is also

Question:

Expert Answer:

Students also viewed these accounting questions