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yawa3891 [41]
3 years ago
13

Manfred Mining Company is required to restore a piece of land to its original condition after it completes extraction of preciou

s metals. From a financial reporting perspective, the related obligation is referred to as an asset _________.
a. development cost.
b. exploration obligation.
c. retirement obligation.
d. restoration cost.
Business
1 answer:
Yanka [14]3 years ago
4 0

Answer:

D

Explanation:

The term is asset restoration cost,it implies the cost of ensuring the environment where the exploration does is harmless to the residents of the area.

It is normally part of the asset costs from day one.It is expected to be discounted to present value and the discounting factor is applied to the present value each to determine the increase in asset which is added to asset value,in other words by the end of useful life,the asset would have its restoration cost required to restore the site.

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The GDP per capita of a country is lower than that of france. if the GDP per capita of the country is adjusted for PPP, the coun
o-na [289]

Answer:

D. The cost of living in the country is lower than that of France

Explanation:

PPP or Purchasing Power Parity is a measure of the cost of living in different countries. When GDP Per Capita is computed accounting for PPP, significant differences can show up between this measure and Nominal GDP Per Capita, this is because of differences in the cost of living among countries.

If the GDP Per Capita Nominal of a country is lower than that of France, it means that measured by US Dollars, the other country produces less output per person than France. However, if the GDP Per Capita PPP of the same country is higher than that of France, it means that even if output is less, people in the other country can buy more things with less income than people in France. (Remember than when calculating GDP, output is the same as income).

4 0
4 years ago
Companies racing against rivals for global market leadership need strategic alliances and collaborative partnerships with compan
inessss [21]

Answer:

C. Get into critical country markets quickly and accelerate the process of building a potent global presence, gain inside knowledge about unfamiliar markets and cultures, and access valuable skills and competencies that are concentrated in particular geographic locations

Explanation:

In a global market it is important for businesses to leverage international advantages such as lower production cost in a foreign country, more lucrative markets in certain locations, and access to cheap materials for production.

So when a company wants to gain global dominance it is important they form alliances with companies in foreign countries. This will help them access more lucrative markets, gain knowledge about particular markets, and gain competencies that are unique to a geographical area.

6 0
3 years ago
A huge open-area in which contests were held
lesya [120]
An arena or a thretre area in front of the king
5 0
3 years ago
Tony decides to hold the company’s first adventure race on December 15. Four-person teams will race from checkpoint to checkpoin
coldgirl [10]

Answer:

Dr. Cash                             $2,200

Cr. Unearned revenue     $2,200

Explanation:

As the entry fee for the the racing event is received in advance. The event is on December 15 and the entry fee is received earlier to decide the participants of the race. This receipt is not considered as the revenue income until the event held and race is over. The unearned revenue is considered as the liability and recorded in unearned revenue account as action from the tony side is due. as Tony completes action which is the racing event, the revenue will be recorded.

7 0
3 years ago
The Physical Inventory Worksheet is used when: Multiple Choice inventory items are physically placed in the warehouse All of the
maw [93]

Answer:

taking a physical count of inventory on hand

Explanation:

The Physical Inventory Worksheet is used when taking a physical count of inventory on hand. This is the only way to tell how many items are really available for sale and allows a business to do it efficiently. An example would be counting the number of steaks the restaurant has on hand on a Saturday afternoon. This also allows the business to analyze the expected sales with the actual inventory in order to determine whether or not they need more.

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4 years ago
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