Answer:
Inventory should be increased (debited) by $3,500.
Explanation:
According to the IAS 2, the inventory value should be lower of historical cost or net realizable value
The historical cost is $12,000
And, the net realizable value is
= $9,000 - $500
= $8,500
Since as we can see the lower value is $8,500 but due to increase in realizable value, the historical cost would remain the same i.e $12,000
So the inventory should be increased or debited by $3,500 i.e
= $12,000 - $8,500
= $3,500
When external benefits are present in a market INEFFICIENCY MAY ARISE, BECAUSE POTENTIAL PRODUCERS ARE UNABLE TO CAPTURE FULLY THE BENEFITS THAT THEIR ACTION CREATE FOR OTHERS. This may cause the producers to produce just a little of this product.
Answer:
Oikonomos, latinized oeconomus or œconomus, was an Ancient Greek word meaning 'household manager. Hope this helps :)
Explanation:
I think it would be the fixed income market. Hope this helps you.
<span />
Answer:
Andrew did do a proper feasibility study about the land
Explanation: Andrew lots chunk of money because he gave out his land half of the price he bought it initially. And bought another at a higher price
which is more than the 10,000 dollars
