Maurice Tutor

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About Maurice Tutor

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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 2 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 24 Jan 2018 My Price 2.00

principles applicable

The president of your firm Lesky and Lesky has little background in accounting. Today he walked into your office and said," A year ago we brought a piece of land for 100,000. This year inflation has driven prices up by 6%, and an appraiser just told us we can resell the land for 115,000. Yet our balance sheet still shows it at 100,000. It should be valued at 115,000. That's what it;s worth. Or, a minimum, at 106,000." Respond to this statement with specific reference to the accounting principles applicable in this situation.

Answers

Maurice Tutor
(5)
Status NEW Posted 24 Jan 2018 09:01 PM My Price 2.00

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