Answer: Edmond's budget line equation is 6V - 24G = 48
Explanation: A Budget Line is also called as Budget Constraint. It shows all the combinations of two commodities that a consumer can afford at given market prices and within the particular income level.
Let Punk video cassette = V
Garbage = G
Therefore, Edmond's budget line equation will be a combination of the punk video cassette less the garbage he is paid for equal to his allowances
6V - 24G = 48
Answer:
True
Explanation:
Belonging to a professional organizations provides opportunity to share knowledge and experience and learn from others. It also avails one opportunity to share contacts with other professionals who may be of help in securing business opportunities and resolving business issues .
Answer:
All the 4 statements are correct.
Explanation:
The International Accounting Standard on Currency changes says that the all the assets and liabilities of the subsidiary must be reported at market value of the asset both at the end of the year and at the time of sale of asset & payment of liability. So this means that the statement a and d are correct statements because the translation gain or loss is reported by using the spot rate which is the market value of the asset in the parent company's currency. Similarly, the statement b and c are correct because at the time of sale of subsidiary assets we are actually recognizing the remeasurement gain or loss by using the spot rate, which is the market value of the asset in the parent company's currency.
