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adoni [48]
3 years ago
7

In a series of laws, known collectively as the __________ laws, congress has authorized the president to raise u.s. tariffs on s

pecified products and to provide other forms of import protection to u.s. businesses.
Business
1 answer:
Nookie1986 [14]3 years ago
4 0
<span>In a series of laws, known collectively as the import relief laws, congress has authorized the president to raise U.S. tariffs on specified products and to provide other forms of import protection to U.S. businesses. The import relief law refers to the governmental measures imposed on temporarily restricted importance of a product. This is to stop outside producers and help domestic producers with less competition. </span>
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Match each of the descriptions to the correct budget category:
Slav-nsk [51]
A 1 b5 ç7 d9 e. f8 g2 i6 j4 h3
3 0
3 years ago
Under IFRS, when a lessee recognizes a balance sheet asset and liability for a new lease: the asset and liability are equal. the
irina [24]

Answer:

the asset and liability are equal.

Explanation:

IFRS 16 lease and IAS 17 deals in important changes where the lease transactions are reported in the lessee financial statement

In this the assets and liabilities that are occured from the lease should be initially determined on the present value basis

Also the assets and liability are equivalent to each other

Therefore the first option is correct

5 0
3 years ago
Suppose that a house is worth $350,000 today. If house prices are expected to decline by 15% for each of the next two years. How
zhenek [66]

Answer: $‭252,875‬

Explanation:

This concerns a value in future (2 years) so the future value formula can be used;

= 350,000 * ( 1 - 15%) ²

= $‭252,875‬

House will be worth $‭252,875‬ at the end of 2 years if it declines in value at 15% per year.

5 0
3 years ago
(TCO 2) An object of interest to the end user is
emmasim [6.3K]

An object of interest to the end user is <u>entity</u>.

<u>Explanation:</u>

An entity is a real world object or thing that has an independent existence. Entity is distinguishable from the other objects. The attributes of an entity are the properties of the entity which make the entity distinguishable from the other objects.

The examples of entity are a car, a book or any other product. A set of an entity is known as the entity set. Entity may be an object with physical existence or it may be with a conceptual existence.

6 0
3 years ago
The following selected transactions relate to contingencies of Bowe-Whitney Inc. Bowe-Whitney's fiscal year ends on December 31,
victus00 [196]

Answer:

Explanation:            Balance sheet as at December 31

Provision should be made

1. December 31  -   Dr   Legal fine  $3,000,000

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February 12   Dr Legal fine $12,200,000      

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a)Payment of fine was probable ,It can be measured reliably and an outflow of economic benefit will occur

b) An adjusting entry is required as it evident on a case that was already existing as at the year end.

2)A disclosure should be made in the financial statement .Even though it is material , but the effect can not be reasonably estimated . (Contingent liability )

3) A disclosure should be made in the financial statement stating the $5 million likely fine as the outcome is just reasonable but not probable , even though was estimated (contingent liability)

4) The assessment is only reasonable but not probable , it should be disclosed in financial the financial statements

4 0
3 years ago
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