naked debenture

Q: How do accounting standards and practices vary when accounting for intangible assets, such as…

A: In the realm of accounting, assets are broadly categorized into tangible and intangible assets.…

Q: Is it permissible to record additional depreciation on the assets, if they are still useful to the…

A: If the assets are still useful to the business then the organisation need to record the Asset and…

Q: Could a privately held company benefit from usingGAAP accounting, e

A: The Financial Accounting Standards Board publishes generally accepted accounting principles (GAAP),…

Q: What account is credited when a company receives donated assets? What is the rationale for this…

A: When a company receives donated assets and if the company is a for-profit company then 'Contribution…

Q: Relative to corporate formation, how can one contribute appreciated property without gaining…

A: Relative to corporate formation, how can one contribute appreciated property without gaining…

Q: How should a prospective buyer examine the assets of a company? Explai

A: Answer: Assets of the company is examined such that to identify the financial position of the…

Q: How could this affect the operation of the business if the current asset takes the biggest part?

A: Assets are the resources that a corporation has or controls in order to generate income in the…

Q: When assets are exchanged in a transaction involving commercial substance, how is the gain or loss…

A: Below is the computation and accounting treatment for gains or losses on assets exchanged in a…

Q: How is the asset based valuation important in the business?

A: In case of mergers and acquisitions:: In the event that two companies are merging, or if a company…

Q: Which of the following is not deductible from business income? Group of answer choices Casual…

A: Business income is earned revenue that includes all money generated by an entity's operations.…

Q: Which type of business is considered separate from those who own it?

A: A business means an organization that involves commercial activities. the main aim of the businesses…

Q: 46. The allocation of owner's private expenses to his/her business violates which of the following?…

A: Accounting principles means the fundamental upon which the whole accounting is based. Every entity…

Q: What is the name of the accounting concept or principle that determines the amount initially entered…

A: Accounting for an entity is generally governed by various accounting concept that are generally…

Q: How are accounting judgments regarding internally generated intangible influenced by accountants’…

A: Step 1: Accounting judgement is the sharing of the judgements or sharing of knowledge and…

Q: What is the role of financial intermediaries in asset transformation? Briefly explain along with the…

A: Financial intermediaries are the entities involved in mobilizing the funds between two parties, one…

Q: When we look at GAAP are corporations required by GAAP to have an accrual or cash basis of…

A: According to Generally Accepted Accounting Principles (GAAP), corporations are required to use the…

Q: The means by which individuals hold their claims on real assets in a well-developed economy are A)…

A: A financial asset is a liquid asset which, from either a legal right or ownership assertion,…

Q: Why is it needed to reclassify financial asset when changing business model?

A: The question is related IFRS-9 "Financial Instruments". As per IFRS 9, reclassification is allowed…

Q: why service industry not involved tangible assets and retail industry involved tangible assets?

A: Assets can be divided into tangible and intangible assets. Assets which have physical existence and…

Q: gue that donated assets should not be reported in company’s balance sheet. Base your arguments on…

A: Under current U.S. GAAP assets that have been donated to a company are recorded at fair value…

Q: How can bookkeepers and accountants steal from a property, and what steps can be taken to prevent…

A: Embezzlement, misappropriation, theft, stealing, robbery, or call it what you want, which is usually…

Q: How can the separate entity concept benefit the owner and the business

A: Separate entity concept: It refers to the practice of Recording separately the transactions of the…

Q: Is it neccessary  for a business to use the same method of computing depriciation  for all classes…

A: Meaning of depreciation:Depreciation is nothing but a decrease in the asset value due to wear and…

Q: How did taking depreciation expenses help the client in the business manage their assets?

A: Introduction:- Depreciation is a non cash expenditure. Depreciation is charged on fixed assets over…