Answer:
The correct answer is C. Expensed as incurred.
Explanation:
Intangible costs are losses in productivity, decreased quality or injury to employees. These represent a fall in employee morale, dissatisfaction with working conditions or customer disappointment. Intangible costs are the result of an identifiable source, but these costs were not anticipated. They occur after a new practice or policy is implemented. Management will estimate intangible costs as soon as it sees a loss pattern. This estimate will be the basis of the decision to change or continue a practice that frustrates employees or customers. If a new procedure has injured an employee, the company will act quickly to avoid fines and government inspections
Answer:
$119,400
Explanation:
Given that,
Opening, balance in the prepaid insurance account = $66,400
paid for insurance = $104,000
At the end, Balance in the prepaid insurance account = $51,000
Total amount paid:
= Opening, Balance in the prepaid insurance account + Paid for insurance
= $66,400 + $104,000
= $170,400
Insurance expense for 2021:
= Total amount paid - At the end, balance in the prepaid insurance account
= $170,400 - $51,000
= $119,400
Answer:
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Littleland need to borrow million in 2010 to finance its government spending.
<u>Explanation:</u>
Budget deficit = Total spending + Total earning
Total spending = Education + Welfare and Social Security + Healthcare + Defense + Payments on debt + Other=
Total revenue = Income tax + Sales tax + Corporate tax + Social insurance=
Budget Deficit
Therefore, making it 300 million dollar that is budget deficit of Littleland in 2010 was million. This means spending of Littleland in 2010 exceeds its revenue for 2010 by million.
Budget deficit means a government has deposited more money and bonds into private holdings than it has removed in taxes, over the course of some time range.