how are property, plant, and equipment presented on the balance sheet? multiple choice question. original cost less accumulated depreciation market value plus accumulated depreciation original cost plus accumulated depreciation market value less accumulated depreciation

Answers

Answer 1

Property, plant, and equipment are conventionally presented In the balance sheet at acquisition cost less depreciated portion thereof.

What is PP&E (Property, Plant, and Equipment)?

Property, Plant, and Equipment (PP&E) is a non-current, tangible capital asset that is utilised to produce revenues and profits and is recorded on a company's balance sheet. PP&E is essential to the financial analysis and planning of a company's operations and projected expenses, particularly in relation to capital expenditures. It's common to write "net of cumulative depreciation" next to the PP&E account. This means that Net PP&E should gradually lose value each year owing to depreciation if a company does not buy any more new equipment (and as a result, has zero capital expenditures). A depreciation schedule can be used to determine this more accurately.

To learn more about PP&E visit;

https://brainly.com/question/17218845

#SPJ4


Related Questions

why are industries fragmented

Answers

Industries are fragmented due to the lack of access to capital, labor, and technology. This creates a barrier for smaller companies

Industries are fragmented due to the lack of access to capital, labor, and technology. This creates a barrier for smaller companies to compete in the market, forcing them to specialize in certain areas or products. This fragmentation can be exacerbated by limited access to resources, lack of collaboration between stakeholders, or governmental policies. By limiting competition, fragmentation can also lead to a decrease in quality and efficiency, as well as higher prices. On the other hand, fragmentation can also create an environment of specialization, enabling companies to focus on their strengths and increase the variety of products available to consumers.

Learn more about Industries here:

https://brainly.com/question/7721379

#SPJ4

Which one of the following statements best describes a project?a. A project is a set of tools and techniques often used when delivering organisational change.b. A project is the sum of activities needed to remove uncertainty from a unique piece of work.c. A unique transient endeavour undertaken to achieve a desired outcome.d. A project is a method of planning work.

Answers

A project can be defined as a unique, temporary endeavor with a specific goal or outcome. In order to successfully complete a project, it often involves a set of activities and tools to remove uncertainty and plan the work.

Option c, "A unique transient endeavor undertaken to achieve a desired outcome," provides the best overall definition of a project. The key word "unique" emphasizes that each project is different and not a routine task or process. The term "transient" indicates that the project has a specific beginning and end, and is not an ongoing or permanent effort. The phrase "undertaken to achieve a desired outcome" highlights the purpose of a project, which is to produce a result or end product that meets the needs or expectations of stakeholders.

Option a, "A set of tools and techniques often used when delivering organizational change," is partially correct but does not fully encompass the scope of a project. Tools and techniques are certainly important for successfully managing a project, but they are only one aspect of it.

Option b, "The sum of activities needed to remove uncertainty from a unique piece of work," is a more specific aspect of a project and can be seen as a subset of the overall definition. The focus on removing uncertainty highlights the importance of planning and risk management in a project, but again, it does not capture the complete picture.

Option d, "A method of planning work," is also a limited perspective on a project. While planning is certainly a crucial aspect of a project, it is not the only factor. A project involves much more than just planning; it encompasses the entire lifecycle of the effort, from initiation to closure.

In summary, a project can be thought of as a temporary effort with a specific goal, involving a variety of activities, tools, and techniques to remove uncertainty and plan the work towards achieving a desired outcome.

For more about the project:

https://brainly.com/question/29564005

#SPJ11

Which of the following statements regarding specialization and trade is true?
A) With specialization and trade, a country's production possibilities curve shifts out, showing an increase in productive capacity.
B) With specialization and trade, a country will produce a combination of goods beyond its production possibilities curve.
C) To gain from trade, countries specialize in producing goods and services in which they have an absolute advantage.
D) With specialization and trade, a country can consume beyond its production possibilities curve.
E) A country must have both the comparative and the absolute advantage in a product to specialize and gain from trade.

Answers

With specialization and trade, a country can consume beyond its production possibilities curve.

What is production possibilities curve?

The production possibility frontier (PPF) is a curve on a graph that depicts the potential output of two goods whose production is dependent on the same limited resource. Another name for the PPF is the production possibility curve.

PPF is important in economics as well. For instance, it can show that a country's economy has achieved the maximum level of effectiveness. The production possibility frontier (PPF), which depicts situations that are impractical given the available resources, is above the curve.

The PPF illustrates that an increase in one commodity's production can only occur when the production of the other commodity falls. Managers can use the PPF as a tool for making decisions when determining the best product mix for their organization.

Learn more about production possibilities curve, here

https://brainly.com/question/15179228

#SPJ1

Consumers buying commodities are highly _____ since they have so many similar choices. a. quality-conscious b. price-focused c. brand-driven

Answers

Consumers buying commodities are highly prime focused since they have so many similar choices.

Customers spend their money on the assortment of goods or commodities that makes them feel the happiest. Due to their limited purchasing power due to their low earnings, consumers must make choices on what products to purchase. Consumers, under the restrictions that they cannot spend more money than they have and that they cannot spend it in ways that the government forbids, purchase the items that provide them the most joy. The following presumptions underpin consumer behaviour:

1. The level of pleasure people get from the products and services they use depends on their personal inclinations or preferences.

2. Consumers' options are limited or constrained.

3. Within the limitations they are subject to, consumers try to get the most happiness or satisfaction from their consumption.

learn more about consumer behaviour here:

https://brainly.com/question/28903159

#SPJ4

Which term describes assets earned from operations that have been reinvested into the business?
A. liability
B. dividend
C. common stock
D. retained earnings

Answers

Answer D retained earnings

Explanation:

what is the six-month forward price for a stock providing no income. the stock price is 100 and the continuously compounded interest rate is 5%? what is the forward price if the stock pays a 4%, 5%, 6% continuously compounded dividend yield?

Answers

The forward price is the predetermined delivery price agreed upon by the buyer and the seller of the forward contract, to be paid at a predetermined future date, for an underlying good, currency, or financial instrument.

What is the calculation for the forward price of a non-producing investment asset?

F0 = S0 (1+r)T, where r is the risk-free interest rate for the next T years. For any investment asset that doesn't generate income and doesn't require storage, this equation connects the forward price and the spot price. Through the use of arbitrage, trading earnings can be completely derived from risks. Hence, figuring out forward rates. Forward rate is equal to [1 + S1 n1 / 1 + S2 n2]. 1/(n1-n2) – 1

To know more about non-producing  asset click on the link below:

https://brainly.com/question/30001214

#SPJ4

1. how does a taxpayer determine whether a dwelling unit is treated as a residence or a nonresidence for tax purposes?

Answers

A taxpayer determines whether a dwelling unit is treated as a residence or a non-residence for tax purposes if a taxpayer spends more than the larger of 14 days or 10% of the days rented out during the year in a dwelling unit, it is deemed to be their primary residence.

Is there a tax benefit associated with owning a primary residence?

Capital gains on a primary residence In addition to receiving a tax reduction for the mortgage interest you paid, owning a primary house has other advantages. When you sell your house, you might be able to exclude capital gains as well. When you sell an asset, whose value has increased, you must pay capital gains tax.

Know more about tax- brainly.com/question/26316390

#SPJ4

What are economic resources to be used or turned into cash within one year? What reports assets, liabilities, and stockholders' equity?

Answers

Current assets are financial resources that are anticipated to be consumed or converted into cash within a year. Cash, accounts receivable, short-term investments, and inventories are a few examples of current assets.

The assets, liabilities, and shareholders' equity of a firm are all listed on the balance sheet, which is a financial statement. The resources that a firm holds are included in the assets portion of the balance sheet, comprising both current and non-current assets. The company's debts and commitments are included in the liabilities section together with current and non-current liabilities. Stockholders' equity, which comprises items like common stock, retained profits, and other equity components, is the remaining stake in a company's assets after obligations have been subtracted. The balance sheet offers a picture of a company's financial situation and is used to judge its capacity to pay debts and make profits in the future.

For such more question on Current assets

https://brainly.com/question/24848903

#SPJ4

Which of the following actions would an organization take if it decides to pursue a best-cost provider strategy?
A) offering the best prices in its industry on its goods and/or services
B) attempting to gain monopoly in the market by means of an unhealthy competition
C) offering products or services of reasonably good quality at competitive prices
D) providing high quality products at low prices in specific markets
E) offering low quality products at low prices with high quality after-sales services

Answers

If an organization decides to pursue best-cost provider strategy, it may take actions such as C)offering products or services of reasonably good quality at competitive prices, D)providing high quality products at low prices in specific markets, E)offering low quality products at low prices with high quality after-sales services.

The goal of a best-cost provider strategy is to provide customers with a good balance of quality, price, and value, in order to differentiate the organization from its competitors and attract a broad range of customers.

If an organization decides to pursue a best-cost provider strategy, it may take the following actions:

C) offering products or services of reasonably good quality at competitive prices: A best-cost provider seeks to provide products or services that are of good quality, but not necessarily the highest quality available in the market. By offering good quality products or services at competitive prices, the organization can attract customers who are looking for a good balance of quality and price.D) providing high quality products at low prices in specific markets: A best-cost provider may target specific markets where they can offer high quality products at low prices in order to attract price-sensitive customers. By focusing on specific markets, the organization can maximize its competitiveness and gain a competitive advantage.E) offering low quality products at low prices with high quality after-sales services: A best-cost provider may also offer low quality products at low prices, but with high quality after-sales services, in order to attract customers who place a high value on good customer service. By offering good after-sales services, the organization can differentiate itself from competitors and build customer loyalty.

To know more about best-cost provider strategy refer here:

https://brainly.com/question/15092970#

#SPJ11

what is the practice of transferring a firm's activities that have traditionally been internal to external suppliers?

Answers

The practice of transferring a firm's activities that have traditionally been internal to external suppliers The term "outsourcing" describes the practise of moving internal business operations to outside vendors.

Outsourcing is a contract in which one company contracts another company to handle a planned or ongoing operation that would otherwise be or might be handled internally in-house, and No later than 1981, the phrase "outside resourcing" gave rise to the term "outsourcing." The idea, which according to The Economist has "made its presence felt since the time of the Second World War," frequently entails contracting out a business process (such as payroll processing or claims processing), operational, and/or non-core functions, like manufacturing, facility management, or call centres and call centre support.Outsourcing can also be used to denote the practise of turning over control of public services to private businesses (privatisation), even if it only takes place sometimes.

To know more about Outsourcing please refer:

https://brainly.com/question/28915776

#SPJ4

the definition of marketing implies that should receive benefits from exchange relationships. a. only customers. b. only businesses. c. company management. d. both customers and businesses. e. only the most important customers.

Answers

Marketing is the process of creating, communicating, and delivering value to customers, and managing customer relationships in a way that benefits both the customer and the business.

It involves a set of activities designed to create, maintain, and grow relationships with customers in order to gain their trust and loyalty and maximize the company’s profits. The main goal of marketing is to build relationships with customers by creating value for them and providing them with the products and services they need.

By doing so, customers receive the benefits from the exchange relationship, such as quality products, competitive prices, and reliable customer service.

At the same time, businesses also benefit from these exchange relationships, as they can increase their profits, gain valuable customer insights, and build customer loyalty. Therefore, marketing is a win-win situation for both customers and businesses.

To learn more about profits visit:

https://brainly.com/question/1078746

#SPJ4

market analyses before site selection group of answer choices is not necessary is too difficult as the future is too uncertain can determine specific tenants can help define the project better

Answers

Market research prior to site selection assists in better defining the project.

What are the importance of site selection?Site selection is critical for an industrial business because it may help to improve efficiency and pave the way for long-term success. Businesses can ensure that they find the best possible location for their needs by improving the site selection process.The process of combining financial, demographic, and geographical research and data to determine the best location for your business is known as site selection analysis. Businesses go through a detailed assessment during the site selection process to understand the potential advantages and disadvantages of a location.Site selection denotes the practice of locating new facilities for both business and government. Site selection entails weighing the benefits of potential locations against the needs of a new project.

To learn more about site selection refer to :

https://brainly.com/question/28085653

#SPJ4

You are carrying a load of hazmat. what must be included with the shipping papers?

Answers

If required, put together a shipping paper that contains a description of the hazmat, including the UN identification number, suited transport name, hazard class, and packing group, quantity, variety and kind of packages, emergency contact information, and a shipper's certification.

What must be blanketed with the transport papers?

The description of hazardous substances on a shipping paper is contained in area 172.202. The primary description now includes suited shipping name, hazard class, identification number, and packaging group.

When you load a hazmat package, what do you do with the delivery papers? Pull the pinnacle reproduction and vicinity in the pouch.

Learn more about shipping papers here:

https://brainly.com/question/8968206#SPJ4

which term refers to a form of white blood cell involved in immune response?

Answers

Immune system cells include white blood cells. They resemble soldiers standing guard in your bloodstream, ready to fight off intruders like viruses and bacteria. Your body creates extra white blood cells to fight infection.

White blood cells get their name from how a blood sample looks on the outside following centrifugation. White blood cells are produced from stem cells in the bone marrow and are found in the buffy coat, a thin, generally white coating of nucleated cells between the immune cells. Among them are lymphocytes, mast cells, eosinophils, basophils, monocytes, macrophages, dendritic cells, and natural killer cells (B cells and T cells). ent blood plasma and red blood cells.

To learn more about  bone marrow refer to:

https://brainly.com/question/819753

#SPJ4

while there are many concerns with a loss of net neutrality, which would most concern the founders?

Answers

While there are many concerns with a loss of net neutrality, but which most concern the founders is lack of commercials and censorship.

The restriction of speech, mass discussion, or other data is known as censorship. On the grounds that the content is deemed undesirable, damaging, sensitive, or "inconvenient," this may be done.

Commercials are an effective marketing technique that may be used to draw customers, educate them regarding your products, and gain their confidence. Most businesses employ some form of advertising to help them market their goods and services. Advertising is recognised to have a variety of effects on customers, from raising the popularity of a product or item to influencing a purchase decision. Advertising has the power to alter consumers' perspectives in a variety of ways.

To learn more about censorship here

brainly.com/question/1762718

#SPJ4

Which of the following is always a non-cash expense? A) income taxes, B) salaries, c) Depreciation, D) none of the above

Answers

Explanation:

I think it might be income taxes.

Depreciation is always a non-cash expense as it is not related to buying or selling it is related to  a value of fixed assets within a year.

Depreciation is the fall in the value of asset due to wear and tear. It is not shown in cash terms.

Depreciation represents the estimated reduction in value of a fixed assets within a fiscal year. Tangible assets, such as buildings, equipment, vehicles and so on, are purchased in large lump sums in other words it  is referred to as the reduction in the cost of a fixed asset in sequential order, due to wear and tear until the asset becomes obsolete.

There are four main methods used to calculate depreciation: straight-line, units of production, double declining balance and sum of the years' digits.

Formula of depreciation is :-

(asset cost – salvage value) / useful life

Depreciation is important because it allows for companies to recover the cost of an asset when it was purchased.

The method of allocating cost over the useful life of an asset each year is referred to as depreciation.

Learn more about Depreciation here:-

brainly.com/question/15085226

#SPJ4

how many factors are taken into account when calculating a credit score?

Answers

That are several factors that used to calculate credit score. Such as payment history (35%), amounts owed (30%), length of credit history (15%), new credit (10%) and credit mix (10%).

In the term of business and financial economic, A credit score generally can be defined as a numerical expression based on a level analysis of a person's credit files. The credit score has a function to represent the creditworthiness of an individual. In the credit score principle, the higher or lower income that we have is does not influence the credit score.

Here you can learn more about credit score https://brainly.com/question/25668115

#SPJ4

Which approach to GDP adds up all the spending on final goods and services that has taken place throughout the year?
Multiple choice question.
O Expenditures approach
O Income approach
O Selling approach
O Capital approach

Answers

The spending approach sums up the value of purchases made by final users, such as household purchases of food, televisions, and healthcare services; business investments in machinery; and purchases by the government and foreigners.

Gross capital creation, private final consumption expenditure, government final consumption expenditure, exports, and imports are the components of the expenditure approach to GDP. The expenditure method is the most used technique for calculating GDP, which is a measure of the output of the economy created inside a nation's borders regardless of who owns the manufacturing equipment. This method involves adding up all of the payments made for finished goods and services to determine the GDP.

For more questions on GDP, refer to:

https://brainly.com/question/14768180

#SPJ4

? how do you respond when you experience overreward or underreward?

Answers

Employees consider a situation to be fair when they receive comparable inputs and equal results, according to the equity theory. When people receive various rewards for exerting the same amount of effort, employees regard this as unfairness.

Under reward: What is it?

a circumstance where a worker feels their pay and recognition are below what their contributions to the company deserve in comparison to other workers. The hatred that develops as a result of these feelings may cause employees to exert fewer efforts in an effort to restore the equilibrium.

What qualifies as overreward inequity?

This syndrome manifests when employees believe their rewards and accolades are higher than their contributions deserve, in compared to other employees. Because of the shame they feel as a result, employees can put forth more work in an effort to make up the difference.

Learn more about equity theory: https://brainly.com/question/3771927

#SPJ4

c. organize the transaction data in accounts under an accounting equation.

Answers

To organize transaction data in accounts, the accounting equation is:

Assets = Liabilities + Owner's Capital - Owner's Drawings + Revenues - Expenses, Owner's equity = Assets - Liabilities and Net Worth = Assets - Liabilities.

What kinds of things are assets?

Intangible assets like patents, royalties, and other intellectual property are included in the category of assets together with tangible items like machinery, real estate, raw materials, and inventory.

A strong suit is what?

Passion. Being engaged in your work and demonstrating enthusiasm are qualities that are highly valued in any company. Genuine passion for one's work can promote both career progress and personal improvement. But even while it's good for you, it can also boost the success of the business you work for.

To know more about Assets visit:

https://brainly.com/question/13848560

#SPJ4

a summary of significant accounting policies includes information regarding multiple choice question. achievement of performance targets. the calculation of specific items. management's intentions in the future. the choice of accounting policies.

Answers

A summary of significant accounting policies includes information is the choice of accounting policies.

The financial statements of an entity are accompanied by a section of footnotes that lists the main accounting policies that the entity's accounting department is required to follow. Typically, this summary appears at or very close to the start of the footnotes. The applicable accounting framework requires the disclosure of the policy summary (such as GAAP or IFRS). These frameworks mandate that a company reveal its most significant policies, as well as whether or not they are appropriate and how they affect the firm's reported financial status. A wide range of operational and financial policies, such as those pertaining to cash, receivables, intangible assets, asset impairment, inventory valuation, different forms of liabilities, revenue recognition, and capitalised costs, may be included in the policy summary.

To learn more about policies visit

https://brainly.com/question/30204100

#SPJ4

how can compound interest increase your investment’s growth?

Answers

Compound interest can increase your investment's growth because it calculates interest on te principal amount and accrued interest.

Compound interest refers to interests earned from the original principal plus the accumulated interest. Compound interest allows an investor to gain interest from his already earned interests. Compound interest works on the "snowballing effect", the interests grows at it becomes bigger at faster rate.

Compound interest can be calculated by multplying the initial principal investment with one plus the annual interest rate raised by the number of compound periods minus one. Compound interest can be calculated using formula of:

Compound interest = P [(1 + i)ⁿ - 1]

where:

P = principal investment

i = nominal annual interest rate

n = number of periods

Learn more about Compound Interest here: brainly.com/question/14295570

#SPJ4

merchandise sold and delivered by the end of the year is reported on the income statement as

Answers

Merchandise sold and delivered by the end of the year is reported on the income statement as cost of the goods sold.

An income statement is a financial statement that displays the firm's revenue and expenses in accounting. Since they do not imply that one kind of revenue or expense takes precedence over another, single-step income statements have the benefit over multiple-step income statements in this regard.An income statement shows a company's revenues, expenses and profitability over a period of time. It is also sometimes called a profit-and-loss (P&L) statement or an earnings statement.An income statement is not a balance sheet or a cash flow statement.

Read more about income statement, here:

https://brainly.com/question/26475911

#SPJ4

What is the present value of the following?a. A $300 perpetuity, discounted back to the present, at 8%b. A $1,000 perpetuity, discounted back to the present, at 12%c. A $100 perpetuity, discounted back to the present, at 9%d. A $95 perpetuity, discounted back to the present, at 5%

Answers

The present value of the following is  $1,900.The present value of a perpetuity can be calculated by using the formula:

PV = C / r

Where:

PV = present value

C = the constant payment (also known as the annuity)

r = the discount rate

a. A $300 perpetuity, discounted back to the present, at 8%:

PV = $300 / 0.08 = $3,750

b. A $1,000 perpetuity, discounted back to the present, at 12%:

PV = $1,000 / 0.12 = $8,333.33

c. A $100 perpetuity, discounted back to the present, at 9%:

PV = $100 / 0.09 = $1,111.11

d. A $95 perpetuity, discounted back to the present, at 5%:

PV = $95 / 0.05 = $1,900

These calculations show the present value of the perpetuity, discounted back to the present, at the specified interest rate. The present value represents the value of the future cash flows today.

To know more about perpetuity here

https://brainly.com/question/30086754

#SPJ4

who pioneered the use of holding companies to control markets

Answers

The use of holding companies to control markets was pioneered by American businessman and financier J.P. Morgan in the late 19th and early 20th centuries.

J.P. Morgan, also known as John Pierpont Morgan, was an American businessman and financier who is best known for his role in the development of the modern financial system. Born in 1837, Morgan began his career in finance in the 1850s and quickly established himself as one of the leading figures in the American banking industry. Morgan pioneered the use of holding companies to control markets in the late 19th and early 20th centuries. He used holding companies to acquire and control multiple businesses in a particular industry, allowing him to exert significant control over market conditions and prices. This approach became known as the "Morganization" of American business and was widely copied by other financiers and industrialists. For example, in 1901, Morgan used a holding company to acquire several steel companies and consolidate them into what would become the United States Steel Corporation. The consolidation of the steel industry allowed Morgan to exert significant control over the industry and influence prices, making U.S. Steel one of the largest and most powerful corporations of its time. The use of holding companies to control markets was a major factor in the growth of large corporations and the consolidation of industries during the late 19th and early 20th centuries. The approach remains widely used today, with many large corporations using holding companies to own and control subsidiary companies in a variety of industries.

To know more about steel industry:

https://brainly.com/question/10799900

#SPJ4

when did it become common for the national government to actively manage the overall economy?

Answers

The national government began actively managing the entire economy starting in 1930.

Since the 1930s Great Depression, citizens have held the government accountable for preserving a robust economy. Governments become involved in their nations' economic operations. By putting currency reserves at centralized institutions, the Federal Reserve System started to play a role in aiding the American economy in preventing another downturn in the 1930s.

The provision of social programs by the government to its people may be the most contentious issue of all. The New Deal programs in the United States, many of which offered people assistance through jobs, cash, and food, are credited with starting the custom. President Lyndon Johnson presented his "GREAT SOCIETY" initiatives to alleviate poverty in the 1960s.

Learn more about economy Visit: brainly.com/question/17996535

#SPJ4

one main financial vehicle collateral requirements?

Answers

The collateral requirements for financial vehicles can vary depending on the type of vehicle and the regulations in the jurisdiction in which it operates.

However, one common financial vehicle that often requires collateral is a margin account.

A margin account is a type of investment account that allows an individual to borrow money from a broker to purchase securities. The securities held in the margin account serve as collateral for the loan. This means that if the value of the securities decreases, the broker may require the investor to deposit more collateral in order to meet the minimum margin requirement.

The minimum margin requirement is set by regulators and is typically a percentage of the total value of the securities in the margin account. The exact percentage can vary, but it is typically in the range of 30-50% of the total value.

It's important to note that margin accounts carry a high degree of risk, as an investor can lose more money than they have invested if the value of the securities in the margin account decreases. For this reason, margin accounts are not suitable for all investors and should be approached with caution.

For such more question on collateral

https://brainly.com/question/2437793

#SPJ4

the marketing program part of the planning phase of the strategic marketing process includes which of these?

Answers

The marketing program part of the planning phase of the strategic marketing process includes planning, implementation, and evaluation.

The strategic marketing process's five steps—mission, scenario analysis, publicity campaign, promotion mix, and implementation and monitoring distinct from the procedures involved in a particular marketing endeavor.

Research is conducted as part of the strategic marketing process, and goals and objectives are set in order to maximize the success and effectiveness of your overall marketing plan. Both the environment inside the organization and the environment just outside of the organization provide this data.

This process is advantageous because it encourages greater intentionality in decision-making. The most basic and common mental abilities used by humans are the fundamental processes. These include identifying things and people as it being familiar, making associations, and other cognitive processes.

Learn more about the strategic marketing process here:

https://brainly.com/question/28257402

#SPJ4

On January 1, 2020, Oriole, Inc. signed a fixed-price contract to have Builder Associates construct a major plant facility at a cost of $4,338,000. It was estimated that it would take 3 years to complete the project. Also on January 1, 2020, to finance the construction cost, Oriole borrowed $4,338,000 payable in 10 annual installments of $433,800, plus interest at the rate of 10%. During 2020, Oriole made deposit and progress payments totaling $1,626,750 under the contract; the weighted-average amount of accumulated expenditures was $867,600 for the year. The excess borrowed funds were invested in short-term securities, from which Oriole realized investment income of $261,400. What amount should Oriole report as capitalized interest at December 31, 2020?

Answers

Oriole should report $86,760 as capitalized interest at December 31, 2020.

To calculate the amount of capitalized interest at December 31, 2020, we need to determine the average amount of accumulated expenditures during the year and the applicable interest rate.

Weighted-average accumulated expenditures for the year: $867,600

Applicable interest rate: 10%

Capitalized interest for 2020 = Weighted-average accumulated expenditures x Applicable interest rate

Capitalized interest for 2020 = $867,600 x 10% = $86,760

Therefore, Oriole should report $86,760 as capitalized interest at December 31, 2020.

learn more about capitalized interest here:


brainly.com/question/29366488

#SPJ4

for some, the first name that might come to mind when referencing early accounting history is

Answers

For many, the first name that comes to mind when referencing early accounting history is Luca Pacioli. He was an Italian mathematician and Franciscan friar who lived in the 15th century. He is considered the father of modern accounting and is widely recognized for his contribution to the field.

Pacioli was born in Sansepolcro, Italy in 1445 and was a brilliant student from a young age. He excelled in mathematics, which led him to pursue a career in accounting. He wrote several books on the subject, including the famous "Summa de Arithmetica, Geometria, Proportioni et Proportionalita", which was published in 1494.

This book is considered to be the first comprehensive treatise on the principles of accounting and it laid the foundation for modern accounting practices.

To read more about mathematician, visit- https://brainly.com/question/1639027

#SPJ11

Other Questions
Conan Doyle's mystery plots are not realistic, but in what ways are the cultural details in his stories real? What will be the acceleration of the 12-kg object if it is acted upon by a force of 60n?. marketing research provides managers with new information to help them make decisions.T/F Which word part gives essential meaning of a term? what are 3 of the stages in books review quickbooks Bronchial asthma is usually caused by. Select one: a. an injury to the respiratory areas. b. coalescing alveoli. c. an allergy d. paralysis of breathing meteorites that strike the earth may be composed of How many inches in 2 meters? y^2(4-y^2) critical points How can you use a protractor to prove that AB and CD are parallel? How can you use paper folding to prove that AB and CD are parallel? (a) Describe the metabolic effects of growth hormone: _____ (b) Predict the effect of chronic GH deficiency in infancy: _____ (c) Predict the effect of chronic GH hypersecretion in infancy: _____ (d) Describe the two main mechanisms through which the secretion of growth hormone is regulated: _____ scientists disagree about the possible effects of global warming. T/F 13. A pharmaceutical firm claims that a new analgesic drug relieves mild pain under standard conditions for 3 hours, with a standard deviation 1 hour. Sixteen patients are tested under the same conditions and have an average pain relief time of 2.5 hours. Test the hypothesis that the population mean of this sample is actually 3 hours.Use ( =0.05). Try to follow all steps in hypothesis testing. what technique would you use to reuse information? . what were the six important ir wavenumbers/wavenumber ranges discussed in the video webcast lecture? (hint: separated by colors.) police officers may use personal observation to establish probable cause. 3 (q 7) = 27EXPLAIN PLEASE AND TYSM Act out the role of Anu and Mays before the class. Writing Engage yourself Observe the following pictures and share your observati Stud the defining characteristic of a stem cell is group of answer choices origin from a progenitor cell. self-repair. ability to be part of an embryo. self-renewal. the ability to turn into a cancer cell. Find the circumference of a circle, in inches, whose diameter is 42 inches. Use 22/7 for . Round to the nearest hundredth if needed.