For assets acquired on credit or by installment, the cost or fair value is equal to: A. cash purchase price B. invoice price C. installment price D. list price
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For assets acquired on credit or by installment, the cost or fair value is equal to:
A. cash purchase price
B. invoice price
C. installment price
D. list price
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- Accounting: type question:,,,,,, While calculating purchase price, the following values of assets are considered A. Book value B. New values fixed C. Averagevalues D. Market valuesWhich of the following is classified as nonmonetary? a. Cash surrender value b. Long-term receivable c. Accrued liability on firm purchase commitment d. Inventoryhe Revaluation Reserve Account should be accounted for as part of a. Assets b. Liability c. Equity d. Expens
- Under PFRS 15, what is the measurement of consignment sales revenue? a. realizable value of consideration received or receivaby b. cost of consideration received or receivable c. fair value of the consideration received or receivable d. book value of thw consideration received or receivableDefine these. a. Return on equityb. Total assets turnoverc. Return on assetsd. Current ratioe. Receivables turnoverIn installment sale, revenue is recognized: a. at the point of sale b. after the point of sale c. before the point of sale d. all of the above
- 1.-To which element does the following definition correspond: It is a format where interest and payments are normally calculated to settle a loan. A) Format for credit standards B) Inventory maintenance cost form. C) Depreciation table D) Amortization table (Choose one option)Under PFRS 15, what is the measurement of consignment sales revenue? A. Realizable value of consideration received or receivable B. Fair value consideration received or receivable C. Book value consideration received or receivable D. Cost of consideration received or receivableWhen assets are purchased under an installment sales contract, the seller becomes the creditor. A. True B. False
