Give the major disadvantage of disregarding the cost concept and constantly revaluing assets based on appraisals and

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

Question:

Give the major disadvantage of disregarding the cost concept and constantly revaluing assets based on appraisals and opinions.

Related Book For answer-question

Managerial Accounting

ISBN: 978-0697789938

13th Edition

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

See More Books

Posted Date: Mar 01, 2019 02:36 AM

See More Questions

What is the major disadvantage of the high-low method?
What is the major disadvantage of using ROI to evaluate the performance of investment centers?
What is the major disadvantage of a micrometer caliper as compared with a vernier caliper? The advantages?
Carol Simon, the manager of Handy Plumbing has provided you with the following aging schedule for Handys accounts receivable: Carol indicates that the $125,200 of accounts receivable identified in...
In Exercises 1-2, show that T is a linear transformation by finding a matrix that implements the mapping. x1 ,x2,... are not vectors but are entries in vectors. 1. 2. T(x1,X2,X3, X4) = (x + 2x2, 0,...
Linda's pizza has been approached by a local hotel to sell them 70 pizzas per day (the local hotel had a kitchen fire, and it will take a year to rebuild their kitchen). At current sales of 100 pizza...
A contractor has 1,515 homes in various stages of construction. From a random presample of 50 homes, you determine that the estimated population standard deviation is $\$ 2,000$. On the basis of...
Given the following information for an important purchased part, compute the (a) EOQ (b) Total purchase cost (c) Annual holding cost (d) Annual order cost (e) Annual total cost (f) Reorder point (g)...
The four people below have the following investments. Invested Interest Amount Rate Jerry Elaine $13,000 12% 16,000 6 Compounding Quarterly Semiannually George 23,000 8 Annually Kramer 19,000 10...
Illustrate an iterative algorithm for finding factorial of n number . Calculate its time complexity.
If a garbage collector earns more than an English teacher, does that mean something is wrong with the economy? Why or why not?
Briefly recount the differences in median incomes among whites, blacks, Hispanics, and Asians. Briefly describe the differences in median wealth for these same groups. Draw on Tables 22.1 and 22.2 as...
Some economists have proposed making the tax rate progressivity depend on the wage rate rather than the income level. Thus, an individual who works twice as long as another but who receives a lower...
In what instance would John Rawls support greater income inequality?
Why did Bertrand de Juvenal argue for a high level of income inequality?
Discuss the role of boundary layers in fluid dynamics, examining the formation of laminar and turbulent boundary layers, the effect of boundary layer separation on flow characteristics, and the...
5. Convert the following ERD to a relational model. SEATING RTABLE Seating ID Nbr of Guests Start TimeDate End TimeDate RTable Nbr RTable Nbr of Seats RTable Rating Uses EMPLOYEE Employee ID Emp...
Mark Young has just won the state lottery, paying $50,000 a year for 20 years. He is to receive his first payment a year from now. The state advertises this as the Million Dollar Lottery because...
Last month when Holiday Creations, Inc., sold 50,000 units, total sales were $200,000, total van- able expenses were $120,000, and fixed expenses were $65,000. Required: 1. What is the companys...
Mason Paper Company (MPC) manufactures commodity grade papers for use in computer printers and photocopiers. MPC has reported net operating losses for the last two years due to intense price pressure...
Refer to the data for Carmono Company in Exercise 155. Required: Using the direct method, convert the companys income statement to a cash basis. Sales..... Cost of goods sold Gross margin ..... $275...
An analysis by Professor Peter M Rothwell and his colleagues (Nuffield Department of Clinical Neuroscience, University of Oxford, UK) published in 2012 in the medical journal The Lancet...
Suppose a student is interested in knowing the preferred holiday destinations of the faculty members in their university. They are affiliated to the college of business and interview a few of the...
The following table shows the result of the 2018 General Elections in Pakistan, along with the vote share predicted by several organizations in the days before the elections. The sample sizes were...

Give the major disadvantage of disregarding the cost concept and constantly revaluing assets based on appraisals and

Question:

Expert Answer:

Accounting ... View the full answer

Managerial Accounting

Students also viewed these accounting questions