A corporation is owned by
A Corporation is owned by its shareholders.
Question
Updated 1/23/2014 7:25:47 AM
Confirmed by Kaysha [1/23/2014 7:25:47 AM]
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Questions asked by the same visitor
what is specific identification
Weegy: Specific identification is an inventory valuation method in which the actual cost of the purchased and issued (used or sold) items is identified by purchase date or a serial [ number. ] (More)
Question
Average cost
Weegy: Hi, I don't understand you question..."average". (More)
Question
Updated 12/21/2017 11:58:38 AM

Average cost is a method of stock valuation where the cost of all goods is averaged in order to find the cost of goods sold and the ending inventory.

what is contra asset
Weegy: A contra asset is an item that is entered on the asset side of an accounting ledger even though the item has a negative or credit balance. (More)
Question
Updated 1/26/2014 10:03:01 PM
The book value of an asset is
Weegy: Assets are economic resources. Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset. [ Simply stated, assets represent ownership of value that can be converted into cash (although cash itself is also considered an asset) source wiki ] (More)
Updated 1/29/2014 12:06:39 PM
The book value of an asset is its value on a company's balance sheet.
The book value is equal to the purchase price, minus accumulated depreciation.
The method of depreciation that results in the same amount of depreciation expense each year is the
Updated 1/29/2014 12:08:01 PM
The method of depreciation that results in the same amount of depreciation expense each year is the STRAIGHT LINE DEPRECIATION METHOD.

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