A parcel of land is offered for sale at $600,000, is assessed for tax purposes at $500,000, is recognized by its purchasers as easily being worth $575,000, and is sold for $570,000. At what amount should the land be recorded in the purchaser's books? What accounting principle supports your answer?
What will be an ideal response?
$570,000. The Measurement (Cost) principle requires the acquisition of an asset to be
recorded in the accounting records at cost.
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In order to develop a multiattribute attitude model of its customers, a retailer should gather information about all of the following exceptÂ
A. the importance weights that customers attach to the features they consider when choosing a retailer. B. customers' belief ratings of each retailer's performance on the characteristics when selecting a store. C. the alternative retailers that customers consider. D. the customer's age, education, and income levels. E. the benefits that customers consider when making their retailer choices.
The Caesar Park Hotel generally caters to business customers during the week, but has now decided to promote mini-vacation weekends for non-business customers as well. What is the Caesar Park Hotel trying to do?
A) It is implementing premium pricing. B) It is trying to cultivate nonpeak demand. C) It is promoting complementary services. D) It is putting reservation systems in place. E) It is implementing differential pricing.
Punctuate the sentence correctly. What do you think of using video podcasts for training
____________________ refers to the authority of government to regulate business activity for the general welfare of the public
Fill in the blank(s) with correct word