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The cost of an asset and its fair market value are __________. A. the same on the date of acquisition B. never the same C. the same when the asset is sold D. irrelevant when the asset is used by the business in its operations User: Which one of the following items is not generally used in preparing a statement of cash flows? A. Additional information B. Comparative balance sheets C. Adjusted trial balance D. Current income statement User: what items are included in ...
Weegy: Prepare means: to put in proper condition or readiness. User: is adjusted trial balance used in preparing a statement of cash flows? User: Generally accepted" in the phrase generally accepted accounting principles means that the principles __________. A. have been approved for use by the managements of business firms B. have substantial authoritative support C. are proven theories of accounting D. have been approved by the ... (More)
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Expert Answered
Updated 114 days ago|5/9/2014 11:01:37 AM
3 Answers/Comments
Adjusted trial balance is NOT used in preparing a statement of cash flows.
Added 114 days ago|5/9/2014 10:54:29 AM
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Added 114 days ago|5/9/2014 10:57:57 AM
A static budget is a budget that does not change as volume changes. Is the budget that is based on this projected level of output, prior to the start of the period.
Added 114 days ago|5/9/2014 11:01:37 AM
The cost principle requires that when assets are acquired, they be recorded at __________. A. appraisal value B. list price C. selling price D. exchange price paid User: If a binding price ceiling were imposed in the computer market, __________. A. the demand for computers would increase B. the quality of computers would increase C. a shortage of computers would develop D. the supply of computers would decrease
Weegy: C. a shortage of computers would develop. A binding price ceiling in the computer market will cause a shortage of computers. (More)
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Expert Answered
Updated 82 days ago|6/11/2014 2:11:26 AM
1 Answer/Comment
The cost principle requires that when assets are acquired, they be recorded at exchange price paid. target='_blank' rel='nofollow'>http://business2.fiu.edu/1090497/' target='_blank' rel='nofollow'>www/acg4111_52/PDFfiles/DDD%20pdf/DDDch11.pdf
Added 82 days ago|6/11/2014 2:11:26 AM
Which of the following is not correct? A. A potential cost of deficits is that they reduce national saving, thereby reducing growth of the capital stock and output growth. B. Deficits give people the opportunity to consume at the expense of their children, but they do not require them to do so. C. In 2005, the U.S. government had a deficit. D. The U.S. debt per-person is large compared with average lifetime income.
Weegy: Which of the following is not correct? C. A potential cost of deficits is that they reduce national saving, thereby reducing growth of the capital stock and output growth. User: what is real GDP? Weegy: Real GDP is gross domestic product in constant dollars. In other words, it is a nation's total output of goods and services, adjusted for price changes. Real GDP can be compared to nominal GDP, which is GDP in current dollars, (i.e. the ... (More)
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Asked 1/15/2013 9:19:33 PM
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