Answer:
The correct answer is letter "D": must be long-lived and used by the company in its normal operations.
Explanation:
Fixed assets are tangible resources used by a corporation to produce profits. To qualify as a fixed asset, the item can not be consumed or sold in less than one year and be part of the daily operations of the business. Fixed assets are listed on the balance sheet of the company and are subject to depreciation.
Examples of fixed assets include <em>buildings, factories, leasehold improvements, computers, electronic hardware, furniture, automobiles, </em>and <em>construction equipment.</em>
Answer:
a)True
Explanation:
The formula to compute the material price variance is shown below:
= Actual Quantity × (Standard Price - Actual Price)
Here the raw material of the inventory should be recorded at the standard price and the difference of standard pice & actual price shows the favorable and unfavorable variance
Therefore the given statement is true
From 2009 to 2010, the nominal gross domestic product (GDP) in the United States increased by 3.8%. Does this mean that the U.S. economy grew during that time period No, because that number ignores changes in prices and population growth
Gross home product (GDP) is the usual measure of the value brought created through the manufacturing of goods and services in a country at some stage in a positive length. As such, it also measures the income earned from that production or the total amount spent on final items and services (fewer imports). whilst GDP is the unmarried most important indicator to capture financial interest, it falls quickly of imparting an appropriate measure of humans’ fabric properly being for which alternative indicators may be more suitable.
This indicator is based totally on nominal GDP (additionally called GDP at contemporary costs or GDP in fee) and is available in distinct measures: US greenbacks and US greenbacks in keeping with capita (cutting-edge PPPs). All OECD countries bring together their records in line with the 2008 machine of national debts (SNA). This indicator is less ideal for comparisons over the years, as traits are not only due to actual growth but additionally by modifications in fees and PPPs.
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Answer:
a. By classification as trading, available-for-sale or held-to maturity.
Explanation:
available for sale will be valued at fair value and the difference in prices will go into unrealized gain/loss of the other comprehensive income until the securities are sold.
While held-to maturity allow for treated as present value of the future cash flow regardless ofthe securities current market value. It will recognize gain through time