Business, 05.12.2019 18:31 nataliasol73341

Needing some deciding on this one:

assuming you own a home, where would the appraisal value of your home go in a personal balance sheet?
a. under liabilities
b. within the equity total
c. under assets
d. under both equity and liabilities sections

*note: i think more than one answer could be true based on my reading, because they discuss how equity is what the house is worth, minus the loan owed. they talk about how liability is the amount owed, while asset would be the house as a whole. but my problem is i don't understand which of these it's asking for. the appraisal value would be the total amount the house is worth. so wouldn't that be just asset? i can't but think they are trying to trick me, and i'm overthinking.

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 20:30

He management's discussion and analysis (md& a) required in general purpose federal financial reporting is different than that required by gasb of state and local governments in that: a. it includes information about the agency's performance goals and results in addition to financial activities. b. it is outside the general purpose federal financial report and is optional, not required. c. it is a part of the basic financial statements and, as a result, it is audited along with the financial statements. d. there are no significant differences.

Answers: 2

Answer

Business, 21.06.2019 21:00

Colah company purchased $1.8 million of jackson, inc. 8% bonds at par on july 1, 2018, with interest paid semi-annually. when the bonds were acquired colah decided to elect the fair value option for accounting for its investment. at december 31, 2018, the jackson bonds had a fair value of $2.08 million. colah sold the jackson bonds on july 1, 2019 for $1,620,000. the purchase of the jackson bonds on july 1. interest revenue for the last half of 2018. any year-end 2018 adjusting entries. interest revenue for the first half of 2019. any entry or entries necessary upon sale of the jackson bonds on july 1, 2019. required: 1. prepare colah's journal entries for above transaction.

Answers: 1

Answer

Business, 22.06.2019 12:40

Which of the following tasks would be a line cook's main responsibility? oa. frying french fries ob. chopping onions oc. taking inventory of stocked dry goods od. paying invoices

Answers: 2

Answer

Business, 22.06.2019 17:30

What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?

Answers: 1

Answer

You know the right answer?

Needing some deciding on this one:

assuming you own a home, where would the appraisal...

Questions