Answer:
The lower of cost and NRV method of valuing inventory was developed to avoid reporting inventory at an amount that is greater than the benefits it can provide.
Answer:
The quantity demanded and supplied at equilibrium is is 20
When there is a price imposition of $30, the shortage is 20
Full economic price is $40(equilibrium price)
Explanation:
At equilibrium Qd=Qs
60-P=1.0P-20
60+20=2P
2P=80
P=$40
Qd=60-40
Qd=20
Qs=1.0P-20
Qs=1*40-20
Qs=20
When a price of $30 is imposed :
Qd=60-30
Qd=30
Qs=1.0P-20
Qs=1*30-20
Qs=10
Shortage is =30-10
=20
Answer:
Google acquisition of Groupon will potential enhance Google strategic value and the traffic of people logging to its site expecting tremendous increase over time. So this appears to be reason for Google to go in for buying Groupon.
Now, the reason for Groupon to turn down Google’s offer of acquisition was most probably that it thought that it can grow faster if it goes alone.
The amount they can take as deduction for the loss on the sale of their home is; $0.
<h3>How much can they take as deduction for the loss on the sale?</h3>
It follows that deductions can only be taken on losses incurred on the sale of property used for business or investment purposes.
Hence, since the item sold is their personal home, it follows that they cannot take any deduction on the loss on the sale.
Read more on sale deduction;
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Which law are we being asked about?
