Answer:
Case 1 = $9,420
Case 2 = 0
Explanation:
Determining the amount of impairment loss is given below:-
Case 1
Impairment loss = Amortized cost - Fair value
= $41,640 - $32,220
= $9,420
Case 2
Impairment loss = Amortized cost - Fair value
= 91,800 - $102,220
= 0
Since, the fair value is higher than Amortized cost so the value of Impairment loss in case 2 is 0.
Answer
The answer and procedures of the exercise are attached in a microsoft excel document.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
The correct answer is C) adequate resources.
Explanation:
Resources will be the second type of assets, with which we will work to create services. Resources essentially deal with quantitative aspects, that is, elements that I can count, whether material or immaterial. We will also talk about human resources in terms of personnel, for example, how many network administrators I have, how many programmers or how many software architects I have at my disposal. Regarding resources, we will also talk about financial resources, such as what is the budget given to me, and we will also count the material resources, for example, all the hardware I keep in control, the same for the software, and even other resources of all kinds depending on the type of external suppliers.
Explanation:
When two conditions are met, a potential loss is accrued: an benefit is either disproportionate or debt is sustained on a balance sheet date and the magnitude of a loss is reasonably estimatable.
When the calculation is below a given range and there appears to be no better estimation than any other beyond that range, the minimum limit will be applied.
Therefore, it is appropriate to include as liabilities the total sums ($250,000) of the probable promised payout. Once the device is purchased, the retrofitting expenses should be paid, as they greatly boost future computer operation.
Maintaining and improving the information security risk management process in response to incidents is part of the act step. The process of discovering, assessing, and controlling threats to an organization's capital and revenues is known as risk management.
In addition to focusing on internal and external threats, enterprise risk management (ERM) emphasizes the need of managing positive risk. Risk management also investigates the relationship between risks and the cascading effect they may have on an organization's strategic information and goals.
A successful risk management program assists a company in considering the complete spectrum of risks it confronts. These risks arise from a range of information, including financial uncertainty, legal liabilities, technical challenges, strategic management failures, accidents, and natural disasters.
To learn more about risk management, click here
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