Business, 09.09.2019 19:30 brien301

Identify the accounting concept, assumption, or principle that best applies to each of the following situations: a. inflation has been abound 2.5% for some time. villagevillage realtors is considering measuring its land values in inflation-adjusted amounts. b. you get an especially good buy on a laptoplaptop, paying only $ 300$300 when it normally costs $ 800$800. what is your accounting value for this laptoplaptop? c. burger kingburger king, the restaurant chain, sold a store location to mcdonaldmcdonald's. how can burger kingburger king determine the sale price of the storelong dash—by a professional appraisal, burger kingburger king's original cost, or the amount actually received from the sale? d. general motorsgeneral motors wants to determine which division of the companylong dash—chevroletchevrolet or cadillaccadillaclong dash—is more profitable.

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Identify the accounting concept, assumption, or principle that best applies to each of the following...