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Subject:
accretion
Category: Business and Money > Accounting Asked by: carlooss19-ga List Price: $10.00 |
Posted:
12 Nov 2002 15:51 PST
Expires: 20 Nov 2002 00:15 PST Question ID: 106426 |
a nursery owner had one plot of land containing christmas trees that were four years old on november 1,1997. the owner had incurred costs of $3 per tree up to to that time. a wholesaler offered to buy the trees for $4 each and to pay in addition all costs of cutting and building,and transporting them to market. the nursery owner declined his offer, deciding that it would be more profitable to let the trees grow for one more year. only a trivial amount of addition cost would be involved. the price of christmas trees varies with thier height. should the nursery owner recognize any revenue from these trees in 1997? why? |
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There is no answer at this time. |
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Subject:
Re: accretion
From: tutuzdad-ga on 12 Nov 2002 16:45 PST |
Dear carlooss19-ga; I am not the researcher who will be working on your question but I did read it and I wanted to commend you for the complete formatting and the manner in which you presented your problem. You definitely have a thorough understanding of the problem, you conveyed the problem well, and you know precisely what the research results should reveal. I am very impressed. If any of our future Google Answers customers need an excellent example of how to ask a great Google question, it will be this one that I will direct them to. I look forward to seeing more of your questions in the future. Best regards; Tutuzdad-ga |
Subject:
Re: accretion
From: kyrie26-ga on 12 Nov 2002 16:48 PST |
tutuzdad-ga : just a hunch, but could this be a homework question? :-) |
Subject:
Re: accretion
From: kyrie26-ga on 12 Nov 2002 16:48 PST |
...and Accounting homework question, that is... |
Subject:
Re: accretion
From: kyrie26-ga on 12 Nov 2002 16:48 PST |
...an Accounting homework question, that is... |
Subject:
Re: accretion
From: funkywizard-ga on 12 Nov 2002 20:27 PST |
I belive the answer to your question is no, the owner of the trees cannot claim any revenue, however, in order to make sure this answer is what you are looking for, it would be helpful to know the context in which it was asked. Is the answer to abide some standards of accounting such as GAAP? Or are you just looking for a personal opinion? |
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