Pete's Pizzeria recorded its delivery vehicle at its current replacement value, rather than the price paid for the vehicle. What principle did it violate?
A) Cost
B) Objectivity
C) Reliability
D) Going concern
A) Cost
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Fontaine and Monroe are forming a partnership. Fontaine invests a building that has a market value of $250,000; the partnership assumes responsibility for a $75,000 note secured by a mortgage on the property. Monroe invests $100,000 in cash and equipment that has a market value of $55,000. For the partnership, the amounts recorded for the building and for Fontaine's Capital account are:
A. Building $250,000; Fontaine, Capital $175,000. B. Building $250,000; Fontaine, Capital $75,000. C. Building $175,000; Fontaine, Capital $75,000. D. Building $175,000; Fontaine, Capital $175,000. E. Building $250,000; Fontaine, Capital $250,000.
Unamortized Bond Discount is a contra-liability account
Indicate whether the statement is true or false
Give two examples of product bundle pricing
What will be an ideal response?
Triplett’s finding that the presence of other people increases performance is called:
a. Scientific management b. Social facilitation c. Binging d. Social identification e. Social representation