« previous next »

Author Question: Assets are recorded at their original cost to the company at the time of purchase. This is the ... (Read 81 times)

Davideckstein7

  • Hero Member
  • *****
  • Posts: 555
on: Jul 5, 2018
Assets are recorded at their original cost to the company at the time of purchase. This is the ________ principle.
 
  A) historical-cost
  B) full-disclosure
  C) matching
  D) revenue recognition

Question 2

Merchandise inventory is classified on the balance sheet as a
 a. current liability
  b. current asset
  c. long-term asset
  d. long-term liability


sierramartinez

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jul 5, 2018
Answer to Question 1

A

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Adenosine, Time of Day, and Hunger Adenosine, Time of Day, and Hunger
Telomere length is related to the amount of time adults spend in leisure time activity. Source: Ada Telomere length is related to the amount of time adults spend in leisure time activity. Source: Ada
A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ... A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ...
Sample time management planning chart for a massage student. Sample time management planning chart for a massage student.
Disitive Time For Potatoes Disitive Time For Potatoes
Insomnia severity vs. time Insomnia severity vs. time
Video: Functional zones in a mitochondrion

For a complete list of videos, visit our video library