Ask Question
BusinessBusiness
16 September, 01:08

burger king, the resaurant chain, sold a store location to mcdonalds. How can burger king determine the sale price of the sotre by a professional appraisal, burger king origianal cost or the amount actually recieved from the sale?

+3
Answers (1)
  1. 16 September, 01:25
    0
    Complete question:

    Identify the account concept, assumption, or principal that best applies to each of the following situations:

    Burger King, the restaurant chain, sold a store location to McDonald's. How can Burger King determine the sale price of the store - by a professional appraisal, Burger King cost, or the amount actually received from the sale?

    Answer:

    Historical cost principle

    Explanation:

    The initial nominal financial value of the commodity is the average expense of a commercial object. The cost estimate is traditionally focused on recording assets at their nominal expense, which are not adjusted to adjust the costs of the products.

    The original nominal financial value of the commodity is the average expense of a commercial object. The cost estimate is traditionally focused on recording assets at their nominal expense, which are not adjusted to adjust the costs of the products.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “burger king, the resaurant chain, sold a store location to mcdonalds. How can burger king determine the sale price of the sotre by a ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
If the consumption function is given by C = 500 + 0.5 (Y - T), and Y is 6,000 and T is given by T = 200 + 0.2Y, then C equals: A) 2,500. B) 2,800. C) 3,500. D) 4,200.
Answers (1)
The buzz phrase "sea change" refers to a (n)
Answers (1)
Antecedent credibility is the credibility you develop before you speech and consequent credibility is the reputation that precedes you before your speech. True False
Answers (1)
Added years of longevity and health plus financial stability have granted an active, opportunistic time of life to so many older adults that some experts believe a new phase of late adulthood has evolved, known as
Answers (1)
An individual producer or a consumer "internalizes an externality" when a) they keep knowledge of the externalities private to them. b) they ignore the externalities created by their actions.
Answers (2)
New Questions in Business
Fixed expenses: a. includes labor, raw materials, and commissions. b. can be estimated by taking into consideration the production. c. are incurred regardless of sales volume. d. must be linked to strategy in the business plan
Answers (1)
4) Which of the following is least likely to be your primary health care provider? a. an allergist b. an internist c. an obstetrician-gynecologist
Answers (1)
T/F A macroeconomist would be concerned with the following statement. "Two major hurricanes caused significant damage to the eastern seaboard and led to a fall in GDP and a rise in unemployment in the U. S. economy."
Answers (1)
At the beginning of the year, Mitchum Enterprises allows for estimated uncollectible accounts of $14,000. By the end ofthe year, actual bad debts total $15,000. Record the write-off to uncollectible accounts.
Answers (1)
Landor Appliance Corporation makes and sells electric fans. Each fan regularly sells for $40. The following cost data per fan is based on a full capacity of 155,000 fans produced each period.
Answers (1)
Home » Business » burger king, the resaurant chain, sold a store location to mcdonalds. How can burger king determine the sale price of the sotre by a professional appraisal, burger king origianal cost or the amount actually recieved from the sale?
Sign Up Forgot Password?