Answer: The amount you value the first movie + $3
Explanation:
Opportunity cost is the cost of the next best alternative foregone. It can be expressed as the value of the good you loose. If the person decides to see the new release with his friend, he is foregoing the value of the previous movie that he wanted to watch as well as loosing the value of the coupon ($3) which is valid for the other movie only. Thus, his opportunity cost is the amount you value the first movie + $3.
False other things also happened
Answer:
The description including its question throughout the discussion is summarized throughout the explanatory section below.
Explanation:
- Equity REITs put more money throughout income-producing or employment assets or something like a general merchandise department center.
- Agricultural land also seems to be unlikely to produce tax revenue, as well as equity REITs, are unlikely to be successful throughout mortgage debt. That seems to be the responsibility including its REITs.
Answer:
Correct option is <u>Probable and the amount can be reasonably estimated.
</u>
Explanation:
As per accounting standards on Contingent liabilities, any liability which is likely to be incurred and which can be estimated effectively and reliably, shall be recorded in the books.
If it is probable but cannot be estimated, then a journal entry may not be recorded, but a foot note may be made.
If contingent liability is only possible (but not probable) only a foot note is required.
If contingent liability has remote possibility of occurrence, then neither an entry to record the liability nor a footnote is required.
