The store determined it will cost $95,800 to restore the area (considered a land improvement) surrounding one of its store parking lots, when the store is closed in 2 years. Marigold estimates the fair value of the obligation at December 31 is $82,000. Write down its journal entry.

Answers

Answer 1

Answer and Explanation:

The journal entry is shown below:

Parking Lot A/c Dr. $82,000

         To Asset Retirement Obligation A/c $82,000

(being the parking lot is recorded)

Here we debited the parking lot as it increased the assets and credited the asset retirement obligation as it also increased the liability

The amount i.e. to be recorded should be equivalent to the fair value of the obligation and the same is to be considered  


Related Questions

Social network marketing is thought of as being earned and is not a strategy for which a company has to pay. True or False.

Answers

Answer:

true

Explanation:

Answer:

True

Explanation:

I just got it right.

When one shareholder sells stock directly to another the transaction is said to occur in the: Group of answer choices primary market. OTC market. dealer market. NASDAQ market. secondary market.

Answers

Answer:

secondary market.

Explanation:

When one shareholder sells stock directly to another the transaction is said to occur in the secondary market.

Secondary market can be defined as a market where various investors sell and buy securities from other investors.

Some examples of secondary market around the world are New York Stock Exchange (NYSE), NASDAQ, London Stock Exchange (LSE) and National Stock Exchange (NSE).

On the other hand, the primary market refers to the market where these securities that are being sold are issued or created.

How can you tell if a guy doesnt put the effort in being with you anymore, its online and long distant cause he lives 8 hours away from me and were both 17 have already experienced heartbreak, it was great and fun at first and he was so shy and loving and wanted to meet but now he’s dodging to see eachother and every night we call before we both go to bed and sleep while on call but after my mother passed away June 29th hes been distant and mostly plays his game Smite idk if he’s serious about me i mean he tells me he loves me and ofc i love him back hes my entire world in my mind, im always very wholesome with him he says but when i ask how he feels he says he doesnt know and i dont show it to him but that kinda hurts when the guy doesnt know... anyway if you have any advice please tell me im desperate and i cant seem to keep my feelings from leaking out and it just hurts i dont wanna tell him cause then he will be upset and i dont want that..

Answers

Answer:

his body language would change around you and when a guy says he doesnt know means he doesnt know hes processing about how he really feels about you.

A real estate broker sold property on Friday morning and received a $2,000 deposit in cash. Afraid to carry the money, he quickly deposited it into his own account in a nearby branch of his bank. This is clearly an example of:

Answers

Answer:

commingling

Explanation:

The commingling refers to the combination of the money that belongs to the brokers with his clients

The conversion arises when a broker incurred any of the money or withdrawn any of the money

Here in the situation it is mentioned that the real estate broker sold the property for $2,000 and he immediately deposited in his own account

So this given example is of commingling

How can the price of baseball bats be affected by the demand for paper
or the price of a catchers' mitts be affected by the demand for cheese?

Answers

Answer:

- Higher demand for paper, less wood for bats, the higher price of bats, OR less supply of bats.(have to pay a higher price for wood, and if price doesn't change, they have to make less).

- Higher demand for cheese, cows kept alive, leather is scarce, the higher price of mitts. (less supply because more of the resource is allocated to the milk instead of the leather).

Explanation:

The baseball bats, as well as, paper both, are made employing the resources generated from wood resources. Similarly, the catcher's mitts and cheese are made using the cows as the resource. If two products are made employing similar resources, an increase in the price of one leads to an increase in the other as well. This occurs primarily due to the fact that if the price of the first good increases, the producer of that good is likely to pay more to get the resource and sell the good at a higher price later. Thus, the other producer will either buy less and produce less or spend more to get the resource as per his need.

Marginal cost is ______. the cost that can be traced to a specific product another name for the fixed cost per unit the cost incurred to produce one more unit of a product what is given up by selecting one alternative over another

Answers

Answer:

the cost incurred to produce one more unit of a product

Explanation:

Marginal cost can be defined as the additional cost that a firm incurs when it produces one additional unit of output.

The marginal cost of a good can be found using the following formula:

Marginal Cost = Change in cost / change in quantity

Bill and Bob share ownership of a real property, but neither owns a physical portion of the property. The kind of interest they each own is an

Answers

Answer:

The would own "undivided interest".

Explanation:

The interest or privilege in tenant-owned property whereby every property owner seems to have an equitable opportunity to experience the total premises. This would be represented as just an equal marginal or proportion interest or participate across each benefit, profit as well as responsibility about just the particular topic of such a service agreement.

ABC Company purchased an investment in bonds of XYZ Company 10% bonds at par value of $30,000. Interest is paid annually on the bonds. ABC Company's journal entry to record the interest should include a

Answers

Answer:

the options are missing, but the journal entries to record both the purchase of the bonds and the coupon payments are:

The journal entry to record the purchase of the bonds should be

XX/202x, 10% bonds from XYZ Company purchased at par

Dr Investment in bonds: XYZ Company 30,000

    Cr cash 30,000

When the coupon payments are received, the journal entry should be

XX/202y, coupon payment received from investment in bonds: XYZ Company

Dr Cash 3,000

    Cr interest revenue 3,000

Walmart tracks the habits of the 100 million customers who visit it stores each week and responds with products and services directed toward those customers' needs based on the information collected. This is an example of ________ marketing.

Answers

Answer: database

Explanation: By tracking the habits of the 100 million customers who visit it stores each week and by responding with products and services directed toward those customers' needs based on the information collected, Walmart is engaged in database marketing.

A database is simply a collection of (usually) organised information in a regular structure, usually but not necessarily in a machine-readable format accessible by a computer. The details of customers both previous and potential, contained in a database can be used in direct marketing to generate personalized communications for promoting a product or service for marketing purposes. As such, the practice leverages customer data to deliver more personalized, relevant and effective marketing messages to customers making marketing communications more targeted, efficient, personalized, and an opportunity to improve customer service and experience.

An example of a financing activity shown on the statement of cash flows is: Question 9 options: buying office equipment. obtaining a long-term loan. buying office supplies. selling inventory.

Answers

Answer:

obtaining a long-term loan.

Explanation:

A Financing activity is a are transactions that leads to changes in long-term liabilities, owner’s equity and changes to short-term borrowings.

Does the Constitution set down the rights of the people? Yes or No

Answers

Answer:

yes

Explanation:

the constitution does set down the rights of the people like right to freedom and right to equality

Answer: Yes

Explanation: Because it do

Ultimate Luxury Hotel is a single hotel with 300 rooms. During the month of October, the hotel had 5,000 guests, who each stayed one night. What is the occupancy rate for October (rounded to the nearest whole percent)?

Answers

Answer:

54%

Explanation:

Calculation for what is the occupancy rate for October

Based on the information given we were told that the hotel had 5,000 guests in which each of them stayed one night which means that we are going to First calculate the Guest nights

Guess Nights= 5,000 × 1

Guest Nights= 5,000

Second step is to calculate the available room

Available Room Nights = 300 rooms × 31 days

because we have 31 days in October

Available Room Nights= 9,300.

Last step is to calculate the Occupancy rate

Occupancy Rate= 5,000 ÷ 9,300

Occupancy Rate=0.54×100

Occupancy Rate= 54%

Therefore the occupancy rate for October will be 54%

BrightenUp Corp. uses a set of quantitative tools to assess employee data such as performance, compensation, designations, and benefits. This is done to arrive at decisions based on accurate findings from analyses that can help the firm achieve its goals. BrightenUp is engaging in the practice of

Answers

Answer: workforce analytics

Explanation:

Workforce analytics is the measuring of the behaviors of people and analyzing such behaviors in order to improve the performance of the individuals and the business.

Workforce analytics is done through the analysis of the data of individuals by using softwares and statistical methods so that better workforce decisions can be made.

Keisha can produce the following combinations of X and Y: 100X and 20Y, 50X and 30Y, or 0X and 40Y. The opportunity cost of one unit of Y for Keisha is Group of answer choices

Answers

Answer:

5 units of x

Explanation:

Keisha's production possibilities frontier:

100x                 20y

50x                  30y

0x                     40y

the opportunity cost of producing 1 unit of y = 50/10 = 5 units of x

The opportunity cost refers to the extra costs or benefits lost resulting from choosing one investment or activity over another alternative. In this case, if Keisha wants to produce one more unit of y, she will not be able to produce five units of x (trade-off)

A real estate broker sends a bright yellow flyer to all the homeowners in a neighborhood. The flyer contains a reprinted article from a local newspaper describing the future relocation plans of various employers in the region and this statement, printed in bold red letters: "Warning! The failure to sell your property within the next six months could cost you a bundle!" At the bottom of the page was printed the broker's name, photo, office address, and phone number. Based on these facts, the broker:________

Answers

Answer: has committed no offense

Explanation:

From the question, we are informed that a real estate broker sends a bright yellow flyer to all the homeowners in a neighborhood and that the flyer contains a reprinted article from a local newspaper describing the future relocation plans of various employers in the region and this statement, printed in bold red letters: "Warning! The failure to sell your property within the next six months could cost you a bundle!" At the bottom of the page was printed the broker's name, photo, office address, and phone number. Based on these facts, the broker has committed no offense.

Downloading music tracks owned by record companies without paying for them is an example of a violation of: Question 36 options: A) trademark law. B) privacy law. C) patent law. D) copyright law.

Answers

Answer:

D) copyright law.

Explanation:

Copyright law can be defined as a set of formal rules granted by a government to protect an intellectual property by giving the owner an exclusive right to use while preventing any unauthorized access, use or duplication by others.

Hence, when anyone downloads music tracks owned by record companies without paying for them, it is an example of a violation of copyright law.

The copyright law which protects the sharing and downloading rights of music is known as the Digital Millennium Copyright Act (DMCA).

__________ are audio or video files that can be downloaded from the Internet via a subscription that automatically delivers new content to listening devices or personal computers.

a. Pod casts
b. Wikis
c. Blogs
d. Social networking sites
e. Virtual realities

Answers

Answer:

a. Pod casts

Explanation:

Podcast are audio or video files that can be downloaded from the Internet via a subscription that automatically delivers new content to listening devices or personal computers

Market risk is also called ________ and ________. unique risk; nondiversifiable risk systematic risk; nondiversifiable risk unique risk; diversifiable risk systematic risk; diversifiable risk

Answers

Answer:

systematic risk; non diversifiable risk

Explanation:

Market risk can also be called systematic risk and non-diversified risk, since systematic risk can be understood as the risk inherent in the entire market, that is, it is the risk that encompasses the general market, regardless of the sector in which it operates. a company, such as political and economic crises, which are factors that can affect companies in different sectors.

I am conducting a survey as a project. I need ur help Which one you like 1. Ferrari 2. Lamborghini 3. Mclaren and why?? ( If you couldnt give your choice as an answer, then write it in the comment box below the question )

Pls help

Answers

Answer:

Explanation:

Compared to the McLaren, the Lamborghini has less power, a heavier engine, and less active aerodynamic designs. This allows the Huracán Performante to be an excellent supercar with extreme sounds, feels, and the excitement of a Lamborghini, but in performance the McLaren is superior.

On September 1, an investor sold 100 shares of KLP Corporation common stock for a loss of $1 per share. On September 15, he purchased a KLP convertible bond with a conversion price of $40. How much of the original loss may he now declare for tax purposes

Answers

Answer: $75

Explanation:

It should be noted that the convertible bond was bought less than 30 days after the loss was realized, therefore, sale of the stock will have to fall under wash sale rule i.e when securities are sold at a loss by the investors and repurchased by them before or after 30 days after the Securities has been sold, then the loss will not be allowed by the IRS.

Since there is a conversion price of $40, then the bond will be converted into:

= 1000/40

= 25 shares of KLP common stock.

Therefore, only ($100 - $25) = $75 will be declared as a loss

Do the advantages of substituting the bioplastic pla for conventional plastics outweigh the disadvantages

Answers

Answer:

The use of Bioplastic PLA is more beneficial than the conventional plastics

Explanation:

The bioplastic PLA is more beneficial because of its compostability, less cost, less Carbon dioxide emission when they are manufactured, plant raw materials are used which absorbs Carbon dioxide, renewable energy is utilized, etc. All these benefit which conventional plastics doesn't have, will leave better impact on the environment. Furthermore, the conventional plastic was very hazardous to marine life which PLA is not. So yes, we must use PLA responsibly. Because if we are recycling more and more, then their are fewer plastic in the ocean and less are the chances that marine life gets hurt.

which of the following is a benefit of a college education? A. You collect social security benefits at an earlier age than a high school graduate B. you have an increased chance of financial stabillity C. you are less likely to go into millitarry service D. you have more friends, on average, than a high school graduate does

Answers

Answer:

The correct option is;

B. You have an increased chance of financial stability

Explanation:

The advantages of going to college includes;

1) College graduates make more salary on average

2) Holding a college degree improves career stability

3) Improved job satisfaction

4) Improved financial know how on savings and investment

5) Stable marital life

6) College graduate are able to be better citizens, by their willingness and ability to contribute meaningfully whenever a volunteer requirement

A contribution approach income statement ______. reports both gross margin and net income is prepared primarily for external reporting purposes separates costs into their fixed and variable components can assist with management decision making

Answers

Answer:

separates costs into fixed and variable component

can assist with management decision making

Explanation:

The contribution margin may be defined as when we deduct the expenses of the variable from sales. Where contribution margin shows the organization revenue is contributing to net income and fixed cost.

The statement of contribution margin income tells of the earnings at various stages of operations.

This report of income is not used for external reporting purposes but rather for internal decision making by the management.

Therefore according to the above description, the last two statements are correct.

Soon-Yi Park’s chain of travel agencies has identified the lesbian, gay, bisexual, and transgender community as a growing market that spends an increasing percentage of its income on travel. Which of the following would be the LEAST effective component of a marketing plan for Soon-Yi to take advantage of this opportunity?

a. develop a presence on LGBT-oriented social networking sites
b. position his agency as focused on specialized experiences
c. implement a mass marketing campaign
d. place specially-targeted ads in gay-themed publications
e. advertise on LOGO, the cable television network aimed at gays and lesbians and their friends and family

Answers

Answer: Implement a mass marketing campaign

Explanation:

From the question, we are informed that Soon-Yi Park’s chain of travel agencies has identified the lesbian, gay, bisexual, and transgender community as a growing market that spends an increasing percentage of its income on travel.

The least effective component of a marketing plan for Soon-Yi to take advantage of this opportunity is implementing a mass marketing campaign. Rather, Soon-Yi should use a strategy relating to those in LGBT.

Under IRS regulations, a gain or loss upon current disposition of an asset is first considered to be long term if the asset has been held for:

Answers

Answer:

over 1 year

Explanation:

IRS known as Internal Revenue Service interpret internal revenue code and they control treasure regulation. They also have code that control disposition of asset which is the process of selling out of an asset

It should be noted that Under IRS regulations, a gain or loss upon current disposition of an asset is first considered to be long term if the asset has been held for over 1 year.

Pricing out the construction cost of a home by a cost per square foot would be representative of a ____________ estimate.

Answers

Answer:

Parametric

Explanation:

Parameters can be defined as an element of a system that is useful in identifying or evaluating the performance ,status , size or condition of such system.

The use of parameters in achieving the above function is called parametric.

Using the cost per square foot to price out the construction cost of a home is a parametric measurement as it is aimed at arriving at the size and value of the home under construction.

Calculate the total value of sales at each possible price for a product with the consumer demand shown.

Price: Quantity demanded:
$20. 8,500
$22.5. 7,800
$25. 6,200
$27.5. 5,900
$30. 4,300

Answers

Answer:

The total value of sales is $795470

Explanation:

Given

The data shown in the table

Required

Determine the total value of sales

To do this, we simply multiply price by corresponding quantity demanded and then sum them up;

This is done as follows;

[tex]Total = \$20 * 8,500 + \$22.5 * 7,800 + \$25.6 * 6,200 + \$27.5 * 5,900 + \$30 * 4,300[/tex]

[tex]Total = \$170000+ \$175500+ \$158720 + \$162250 + \$129000[/tex]

[tex]Total = \$795470[/tex]

Hence, the total value of sales is $795470

In performance appraisal, ______ means that the use of the measure is satisfactory or appropriate to the people who must use it.

Answers

Answer:

Acceptability

Explanation:

Performance appraisal is also called performance review or performance evaluation is the process by which the performance of a person is evaluated based on certain key performance indices.

When appraisals are conducted it must be acceptable to the company's employees to be successful. If employees do not trust the appraisal method then it is bound to fail.

However when employees feel an appraisal is fair they accept the feedback from the process and work to improve their performance.

The process by which managers at all levels in the firm gain information about the performance of tasks within the firm and judge that performance against pre-established criteria is:

Answers

Answer:

Performance management

Explanation:

Performance management system is a system put in place in an organization to evaluate the performance of employees. It aligns the company's overall goals to available resources and work out performance towards realization of the goals and also develop employees' skills towards achieving the goals and then constant evaluation of performance .

As managers require adequate relevant information about performance of tasks within the system in order to evaluate performance against the set criteria , an effective performance management  makes it possible for him to access

when the parent company of a foreign subsidiary believes that all of its investment in the subsidiary is exposed to foreign exchange risk, what method of translation should be

Answers

Answer:

Current rate method

Explanation:

Translation is defined as the conversion of financial statement of a foreign subsidiary from the foreign currency to local currency.

This is done to reduce the effect of foreign exchange risk.

If a foreign subsidiary is exposed to foreign exchange risk the best translation method is the current rate method.

Current rate method uses the current exchange rate in translation.

Translation is used when the local currency is the functional currency of the company.

Other Questions
As a free falling object rises, the velocity is directed? Round 48.1 to the nearest whole number Solise is planting 24 bushes and 16 trees in equal rows. She wants all the rows to be exactly the same with no plants left over. What is the greatest number of rows Solise can plant? 1588 nearest thousand answer me fast Matteo makes raspberry punch. The table shows how many parts ginger ale and raspberry juice to use for a batch. Raspberry Punch Parts Ginger Ale 2 Parts Raspberry Juice 3 Matteo decides to add one part of raspberry juice. What is the new ratio of ginger ale to raspberry juice? 2 parts ginger ale to 3 parts raspberry juice 2 parts ginger ale to 4 parts raspberry juice 3 parts ginger ale to 3 parts raspberry juice 3 parts ginger ale to 4 parts raspberry juice 5._____________________is factual information that results from a scientific investigation. A.bias B.data C.assumption D.none of the above A jeweler uses 3.685 grams of gold to make a ring. Enter the word form for 3.685. For each hour he babysits, Anderson earns $1 more than half of Careys hourly rate. Anderson earns $6 per hour. Which equation can be used to solve for Careys hourly rate, c? One-half c plus 1 equals 6 One-half c minus 1 equals 6 One-half c plus 6 equals 1 One-half c minus 6 equals 1 Steam enters an adiabatic turbine with a mass flow rate of 6 kg/s with a specific enthalpy of h = 3248.4 kJ/kg). It exits the turbine at a pressure of 15 kPa and a quality of 0.9. The power generated by this turbine, in kW, is 7 +2 = 16 which of the following is true about mattera. it has more mass and takes up spaceb. it is always a substancec. it has mass and is usually a liquidd. it is a solid that takes up space help with math homework? Evan's family took a road trip to Niagrara Falls. Evan fell asleep 5% of the way through the trip. If Evan fell asleep after they had travelled 30 miles, what was the total length of the trip? Write the equation in standard form for the ellipse with center at the origin, vertex (-8, 0), and co-vertex (0,4). Theme for "the boy with yellow eyes" short story atleast 8 sentences. Over the summer, Kelly read 19 books. Elyse read 6 morebooks than Kelly did. How many books did Elyse read overthe summer? A family is planning a three-week vacation for which they will drive across the country. They have a van that gets 12 miles per gallon, and they have a sedan that gets 36 miles per gallon. How much more will they pay for gasoline if they take the van? (Assume that the family will drive 2500 miles and that gas costs $2.50 a gallon. Round your answers to the nearest cent.) allows neurons to speed up the transmission of nerve impulses. mass is tied to spring and begins periodically . the distance between its highest and its lowest position is 48cm. what is the amplitude of the vibration A firm's labor demand curve is typically Group of answer choices downward sloping. associated with a slope equal in absolute value to the slope of the labor supply curve. a vertical line. a horizontal line. upward sloping.