Answer:
b. Liability, $9,000,000; expense, $0.
Explanation:
An asset retirement obligation (ARO) refers to an obligation with respect to the acquisition , construction, development, etc. The liability should be recognized the liability at the present value that should be expected to be paid for settling the obligations
Here the $9,000,000 million represents the liability
Also the journal entry is
Asset Dr
To liability
(Being the asset placed is recorded)
There is no expense should be recorded in the income statement
Answer:
The correct answer is letter "B": It is taking deposits and progress payments.
Explanation:
Advance deposits and progress payments are the amount of money taken by an organization as part of the total amount charged for a good or service that is going to be provided. It is a form of endorsement that proves the buyer has a real intention in acquiring the good or service but also helps the organization to have immediate cash flow to pay for expenses such as the raw material that will be used for production (in the case of a good).
An example of the projected increase in the world economy from the recent Doha round of world trade organization negotiations is $160 billion to $385 billion per year
The Doha Round is the most recent round of trade talks among WTO members.
Its goal is to significantly modify the international trading system by lowering trade barriers and revising trade laws.
The labor program spans approximately 20 trade categories.
The Round is also known semi-officially as the Doha Development Agenda because one of its primary goals is to boost developing countries' trading prospects.
The Round was officially begun in November 2001 at the WTO's Fourth Ministerial Conference in Doha, Qatar. The Doha Ministerial Declaration established the framework for prior agreements, including those on agriculture, services, and intellectual property.
Hence, the answer is $160 billion to $385 billion per year.
Learn more about world trade organization:
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Answer:
$ 975.93
Explanation:
The market value of the bond can be computed using the pv formula in excel as follows:
=-pv(rate,nper,pmt,fv)
rate is the semiannual yield to maturity i.e 6.94%/2=3.47%
nper is the number of semiannual coupon payments the bondholders would receive ,which is 7*2=14
pmt is the semiannual coupon payment=$1000*6.5%*6/12=$32.5
fv is the face value at $1000
=-pv(3.47%,14,32.5,1000)
=$ 975.93
The price of the bond is $ 975.93 which means that it would be issued at a discount of $ 24.07 when compared to face value of $1000
Growth in GDP refers to rise in per capita income of the country
Better GDP gives us better purchasing power
It denotes our exports have increased and country is in right direction
