Why is it that land held for future use and equipment not currently used in the business
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 82% (17 reviews)
They are classified as investments because they are not use...View the full answer
Answered By
Carly Cimino
As a tutor, my focus is to help communicate and break down difficult concepts in a way that allows students greater accessibility and comprehension to their course material. I love helping others develop a sense of personal confidence and curiosity, and I'm looking forward to the chance to interact and work with you professionally and better your academic grades.
4.30+
12+ Reviews
21+ Question Solved
Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
Question Posted:
Students also viewed these Accounting questions
-
Why is it that a halide ion such as Br- can react with a protonated primary alcohol, but cannot react with a protonated primary amine?
-
Why is it that real options must have positive value?
-
Why is it that a firm can normally sustain a competitive advantage for only a limited period of time?
-
Attlee Ltd holds 28% of the issued shares of Nehru Ltd. Attlee Ltd acquired these shares on 1 July 2019 and on this date all the identifiable assets and liabilities of Nehru Ltd were recorded at...
-
The Lexus GX is a midsize sport utility vehicle (SUV) sold in North American and Eurasian markets by Lexus. The GX 470 was introduced in 2002 (as a 2003 model) and was later upgraded with a new...
-
Explain the importance of focusing operational audits on managements business objectives. What should be done if business objectives have not been identified or are inadequate (e.g., unclear,...
-
Describe and illustrate the following four types of damages: Nominal Actual General Punitive
-
At December 31, 2014, Millwood Corporation has 2,000 shares of $100 par value, 8%, preferred stock outstanding and 100,000 shares of $10 par value common stock issued. Millwoods net income for the...
-
1. Consider two satellites S and S with periods of revolution 1hr. and 8 hr. respectively revolving around a planet in circular orbits. The ratio of angular velocity of satellite S to the angular...
-
Fit Fixtures Incorporated (FFI) is a manufacturer of exercise equipment such as treadmills, stair climbers, and elliptical machines. The company has a December 31 year end and uses ASPE. The...
-
When might an amount be material to management but not to the CPA auditing the financial statements?
-
Why is it important to compare a companys financial performance with industry standards?
-
We saw a general rule that the two protons of a CH 2 group will be chemically equivalent if there are no chirality centers in the compound. An example of an exception is 3-bromopentane. This compound...
-
Use the scores of 14 students on a history exam to answer problems 3-8. Find the 5-number-summary and draw a box plot of the scores. 54, 63, 65, 65, 70, 75, 77, 80, 82, 84, 88, 89, 95, 96. 3. What is...
-
The manufacturer would like to award Supplier 5 some work (i.e., procure some amount of at least one product), and has asked Supplier 5 to investigate cost reduction of Products C2 and C3. For...
-
When printf (fmt) is executed, the stack (from low address to high address) contains the following values (4 bytes each), where the first number is the content of the variable fmt, which is a pointer...
-
Describe the four bond investing strategies found there. If you are a risk-averse investor, which investing strategy would you pursue? Why?
-
For an ideal gas, what is the pressure in atm if the volume of the container is 5000 mL, the mol quantity is 0.812 mol, and the temperature is 28 degrees Celsius? PV = nRT (qu - A) (BA/MA + d) = nRT
-
Referring to Table 25.2, explain why you might expect Co and Cu to not form miscible alloys. TABLE 25.2 The Crystal Structures of the 3d Elements Metal Sc Ti V Cr Mn Fe Co 8 235 Ni Cu Zn Natural...
-
Could a set of three vectors in span all of? Explain. What about n vectors in when n is less than m? R4
-
A wetted-wall column consists of a vertical solid cylinder, 2.5 cm in diameter and 10.0 cm tall. Pure water at 25C flows down the outer surface of the cylinder at the rate of 10.0 cm 3 /s. The column...
-
Develop brief answers to each of the following questions: 1. What is one way a company can improve its earnings per shares without improving its earnings or net income? 2. Why is comprehensive income...
-
At the end of its first year of operations, a company calculated its ending merchandise inventory according to three different accounting methods, as follows: FIFO, $95,000; average-cost, $90,000;...
-
Assume that the Cetnar Corporations chief financial officer gave you the following information: net sales, $1,900,000; cost of goods sold, $1,050,000; extraordinary gain (net of income taxes of...
-
The percent precision of a measurement is the ratio of the device's precision to the measurement's magnitude as a percentage. Suppose the temperature changes by 1 8 C and the precision of the...
-
What are the obligations of a company's board of directors? please write all the obligation ,
-
Consider the following information for Waffle Inc. for the current year: Contribution margin ratio 35% Unit variable cost $7 Fixed costs $35,900 Sales for the previous year $89,500 What would be the...
Study smarter with the SolutionInn App