Answer:
A. A only
Explanation:
U.S. Generally Accepted Accounting Principles (GAAP) does not allow property, plant, and equipment to be written up or revalued. If the fair value of PP&E falls below the book value and the amount is material then a company must write down the asset to fair value.
Since under US GAAP, once PPE is written, it can not be reversed. as Company B is indicated to have reversed the write down while company A did not. It therefore means that Company A only is reporting under US GAAP.
Answer:
Yes
Explanation:
The damages can be recovered as Jerome and Gary hung the playground swing improperly. A child was injured due to their negligent actions. The case will be on Meadowbrook Playground and not on the individual person who has committed the mistake. According to law, the damages can be recovered as the enterprise owned the whole property, and due to their carelessness in the installation of swing, the accident took place. The child's parent has every right to recover damages from the playground owner.
Answer:
C. Joint Venture
Explanation:
A Joint Venture is a business agreement in which two or more parties agree to combine their resources in order to achieve an objective.
Companies use Joint Ventures to partner with foreign businesses in order to enter their market. This is what China is proposing in the scenario above, and it has been done in order that China might have a stake in those businesses.
<u>Advantages of a Joint Venture include:</u>
- Access to new markets.
- Pooling of resources.
- Low cost of production.
- Access to expertise ans technology, and so on.
Explanation:
Period costs are always expensed on the income statement in the period in which: they are incurred.
Answer: True
A chronological resume lists your work history in order of of date.
