Answer:
Commodity money has intrinsic value whereas the fiat money does not have intrinsic value
Explanation:
Commodity market is the market which have the virtual or physical market place for trading, buying and selling of primary or raw materials. Presently, about 50 major commodity markets worldwide. And this market has intrinsic value, which means that the commodity has value though not used as money.
Fiat money is the currency created as money, usually through government regulation, and has no intrinsic value.
Therefore, the primary value is that the commodity market has intrinsic values whereas the fiat currency does not have.
Answer:
correct option is a.$0
Explanation:
given data
passive activity losses = $150,000
active business income = $120,000
portfolio income = $30,000
to find out
how much passive activity loss can White Corporation deduct
solution
as per given we know that here white corporation is a Personal Service Corporation
so that it is not deduct the passive loss against the portfolio income
so correct option is a.$0
Answer:
Option d is the right one.
Explanation:
- Marginal research or analysis to optimize future gains as a decision-making method. In comparison to the expenses incurred by this same behavior, it calculates added benefits. The illustration described demonstrates that the marginal gain is smaller than that of the marginal cost.
- This involves purchasing goods until the marginal gain is equal to the marginal cost.
The other options aren't sufficient for the scenario provided. But that will be the best alternative for option d.
<span>Yes
because the AICPA standard for due care does not require CPAs to be infallible.
Since the definition of infallible means incapable of making a mistake. Which
this is not necessarily true. CPAs are capable of making mistakes and as long
as they performed their work with professional due care then they cannot be
held accountable for mistakes that may have happened. </span>
Answer:
"The face of the instrument"
Explanation:
This is a legal phrase which means the contract (aka the "instrument") must be read "on its face." Basically, you should put everything you want the contract to say in plain language and the parties are only held to the plain, common understanding of exactly what is written down.
The idea is that no party can go back and say that something else is expected or implied from the contract unless it is actually written down.
