Participation 1 a YUM Brands has several restaurant

Participation 1 a. YUM! Brands has several restaurant divisions. Managers of each division are evaluated on their division’s profit performance. Which concept or principle helps YUM design an accounting system to identify division managers who are most profitable? b. The public Companies in Turkey are obliged to prepare the financial statements at the end of each quarter. Which accounting concept or principle helps to explain this obligation? c. Suppose you have purchased land for your company for $5 million in 2002, and its value has risen to $7 million the next year. Should Pepsi. Co record a gain on the value of the land? Which accounting concept or principle controls this situation? d. Suppose you purchased machinery and equipment for production in your company. You are expecting to use them in the next 10 years. During the first year, you produced products with the machinery and equipment that you have purchased for that purpose and sold the products. Then you record revenue out of selling the products. On the other hand, as you have used the mavhinery 1 one year, 1 year life is finished. Which accounting concept or principle helps you while recording the transaction? e. Suppose you purchased various assets for your company, instead of regarding them as expenses, you recorded them assets in the balance sheet because you assume you will operate in the market not for a short period of time. Which accounting concept or principle helps to explain this? 1