Answer:
b. all development cost are expensed as incurred
The formula is
I=prt
I interest due ?
P principle 3500
R interest rate 0.05
T time 1 year
I=3,500×0.05×1
I=175
Answer:
NO, court does not have subject matter jurisdiction over the landscaper's contract claim
Explanation:
given data
landscape work = $30,000
seeking in damages = $100,000
solution
landscaper assert and maintain claim against an home owner for breach of contract is no because court have diversity of an citizenship in the jurisdiction over an home owner for negligence claims .
we know that Federal Rule of Civil Procedure permit only counter claims and federal court have not any subject matter jurisdiction over an landscaper contract claims
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Answer:
Cost principle.
Explanation:
Cost or historical cost principle.
The assets, liabilities and equity must enter the accounting at their original purchase cost rather than current market value. This bulding, which is an asset was purchase for 500,000. Therefore, his cost is 500,000. It will be recorded at 500,000.
And will not increase for changes in the market value. Only at the moment of selling or disposal of the assets the accounting will recognzie a gain or loss.