At December 31, bright should record interest revenue of $100. Money gained by lending money or money acquired from depositing or investing can both be referred to as interest revenue.
Is interest revenue a liability or an asset?
If a company anticipates receiving the interest payment within the year, it typically records the interest receivable as a current asset on its balance sheet. Companies that collect interest from loans view this revenue as a significant source of income that belongs at the top of the income statement. It is the price of taking out a loan from a bank, financial institution, bond buyer, or another lender. In order to assist a business finance its operations, such as the acquisition of rival businesses or machinery, plant, and property, interest expense is incurred.
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Answer:
It is not formally recorded in the accounting record of the parent company if the subsidiary retains its incorporation.
Explanation:
IFRS 3 explains business acquisition as the taking over the control of an existing business by another with the acquired assets measured at the fair value at the date of transaction.
The combining of interest method has ceased to be considered by GAAP since 2001.
That means a subsidiary has to lose its incorporation for full acquisition or rather treated as an investment by the acquiring company.
Scarcity exists when there are limited resources available to satisfy all the competing uses.
<h3>What is scarcity?</h3>
When the demand for a resource or a product is more than its actual supply in the market, such a condition in the market is regarded as scarcity. For example, in deserted regions there is a scarcity of water.
Hence, the significance of scarcity is aforementioned.
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Answer:
C. is ubiquitous, or omnipresent ----- all countries have it.
Explanation:
External loan -
It refers to some specific amount from the country's total debt , which comes from the foreign lenders , like international financial institutions , government and the commercial banks , is referred to as the external loan .
The loans need to be paid along with the interest rate .
The loan need to be paid on the very same currency by which the loan was taken .
Hence , from the given question ,
The correct answer is c.
<span>companies are required to have saftey data sheets on </span>chemicals<span>, </span>chemical compounds<span>, and chemical </span>mixtures<span>. SDS information may include instructions for the safe use and potential </span>hazards<span> associated with a particular material or product</span>
