Answer: as a noncurrent amount
Explanation:
Deferred tasks are are represented as assets and liabilities on the balance sheet. Deferred assets on the balance sheet result from overpayment or advance payment of taxes while the deferred tax liabilities represents income taxes owed. On the balance sheet they are classed as noncurrent amounts by businesses. This is to say, that deferred tax assets and deferred task liabilities are both recognized and measured separately, and then are offset in the balance sheet. The net result of the deferred tax liabilities and the deferred tax assets are reported in the noncurrent amount section.
The demand increased due to a large increase in cat adoptions. The market price and quantity increased.
<h3>What is the correct option?</h3>
A demand curve slopes downward from left to right. When there is a movement to the right, it indicates that there has been an increase in demand. When there is an increase in demand, the price and quantity increases.
Answer: Trade Deficit ($10 Billion).
Explanation:
C=40+0.8Y
Ig=$40 billion
X=$20 billion
M=$30 billion
where,
Y - GDP
C - Consumption
Ig - Gross investment
X - Exports
M - Imports
Balance of trade or Trade balance = Exports - Imports
Since, Imports are greater than the exports, so the nation is experiencing a trade deficit.
Trade deficit = Imports - Exports
= $30 - $20
= $10 billion
Answer: Reports produced using management accounting must follow GAAP.
Explanation: Management report are reports produced by management accountants are prepared for internal use by managers, employees and other officers.
Management reports are produced as at when required and do not necessarily have to follow GAAP.
Management reports include job costs, production cost report, cost of good manufactured report etc.
It gives monetary and non monetary information for management consumption.
Answer: Social Welfare
Hope this helped!