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Elenna [48]
2 years ago
9

In accounting, the term impairment refers to Multiple choice question. offsetting liabilities against the related assets. alloca

tion of an asset over its service life. cost recovery of an asset for investment purposes. an asset's significant decline in value.
Business
1 answer:
zmey [24]2 years ago
4 0

In accounting, the term impairment refers to  an asset's significant decline in value.

<h3>What is impairment?</h3>

Impairment is when the value of an asset is permanently reduced on the company's balance sheet. When an asset is tested for impairment, its book value is compared to the benefits and cash flows. If the book value is greater than all the benefits of the asset, the asset is impaired and its value is reduced on the balance sheet.

To learn more about the balance sheet, please check: To learn more about income statement, please check: brainly.com/question/9060570

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Similarities between organized Sector and Unorganised sector​
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Answer:

The sector which is registered and follows government rules and regulations, having employees and employee unions is called as an organised sector. ... The sector that comprises of small-scale enterprises or units and is not registered with the governmen

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3 years ago
Titanium Metals Company had 20,000,000 shares of $0.01 par value common stock outstanding which had been sold for an aggregate a
Klio2033 [76]

Answer:

(a) Common shares outstanding after stock split:

=\frac{20,000,000}{20}

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(b) New par value per share = 0.01 × 20

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(c) Since, there will be no change in the paid up capital after the reverse stock split. So, there is no need to record journal entry, as it will be accounted as the memorandum.

4 0
3 years ago
During an ice hockey game, Claude silently skates up to Gordie from behind and hits him over the head with his stick. Claude is
OverLord2011 [107]

Answer:

battery

Explanation:

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4 0
3 years ago
The authoritative body designated to promulgate standards concerning an accountant’s association with unaudited financial stat
antoniya [11.8K]

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An unaudited financial statement is a document that is not submitted by an individual for verification and review process. The financial statement is said to be unaudited until they are reviewed and approved by a certified external auditor.

The accounting and review services committee are responsible for promulgating standards regarding accountant association. The auditor helps in reviewing the financial statement of the individual.

6 0
4 years ago
Some policymakers have argued that products like​ cigarettes, alcohol, and sweetened soda generate negative externalities in con
White raven [17]

Answer: The correct answers are "decrease" and "decrease".

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4 years ago
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