1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sedbober [7]
3 years ago
6

Which of the following expenditures should be recorded as an asset? Multiple Choice Maintenance that maintain current benefits.

An addition which increases future benefit. Repairs that maintain current benefits. Unsuccessful legal defense of an intangible asset.
Business
1 answer:
gulaghasi [49]3 years ago
6 0

Answer:

The correct answer is letter "B": An addition which increases future benefit.

Explanation:

An asset is a resource of economic value. Individuals, companies, and countries expect their own assets to generate economic benefits both now and in the future. Assets may be tangible, such as machinery and land or intangible, including products such as a trademark, a mechanical formula or property rights.

The accounting term addition <em>refers to the subsequent acquisition of a plant, property, or equipment. Therefore, they are to be considered as assets at the moment of recording them.</em>

You might be interested in
Which of the following is not one of the activities found on the statement of cash flows?
Andrej [43]

Answer:

option A  

Explanation:

Throughout financial accounting, the cash flow statement, also recognized as a cash flow statement, is indeed refers to a financial statement demonstrating how adjustments throughout balance sheet balances and sales impact cash balances and splits the report in grouping of Operating activities, financing activities and investing activities.

Particularly, the cash flow report deals with cash flow into and out of the corporation. As an academic discipline, the cash flow statement is helpful in determining a corporation's brief-term competitiveness, especially the capacity to pay expenditures.

4 0
3 years ago
While a Guaranteed No-lapse Rider relieves the policyowner of the responsibility of monitoring the policy's cash value what is r
True [87]

Pay the Premium in full and on time.

Explanation:

A No-lapse guarantee offers an insurance company commitment that a fixed life insurance policy is in place – even though, as long as the agreed retention premium is calculated at the required time, the cash value in the policies drops to zero or less than zero.

The No-Lapse insurance fee is the amount to be paid in order for the policy to remain in force unless the policy is carried out effectively for a certain number of years. The coverage will continue during the lapse period, even when the cash value drops to zero. The insurer provides the guarantee.

When the fee is not collected on the due date, it shall be deemed to have been default and the policyholder may forfeit his advantages. During that time, the fee can be charged without additional charges and the scheme remains in effect.

8 0
3 years ago
List the two things the government does that fall under fiscal policy. (A.p.e.x.)
sergij07 [2.7K]

Explanation:

These two policies are combined in numerous ways to influence a country's economic situation.

Fiscal policy, together with monetary policy handled by central banks, is the primary means through which governments influence a country's economy. The two primary elements of fiscal policy are income taxes and government expenditures.

8 0
3 years ago
If you buy a stock for $100, receive a $2 dividend and then sell the stock for $90, what is the total return from your investmen
Zepler [3.9K]

Answer:

-8%

Explanation:

For computing the total return from your investment, first we have to determine the return from investment which is shown below:

Return on investment = Total inflow - total outflow

where,

Total inflow = $90 + $2 = $92

And, the total outflow = $100

So, Return on investment would be -$8

Now the  Return on investment in percentage would be

= Return on investment ÷ investment × 100

= - $8 ÷ $100 × 100

= - 8%

7 0
4 years ago
A country's current national savings and investment identity is expressed in algebraic terms as I – S – (T – G) = (M – X). Assum
pentagon [3]

Answer:

Increase in current account deficit.

Explanation:

If a country's total net savings e.g. total of government and private savings are less than the total domestic investment so this deficit must be financed by foreign capital in the form of borrowing. Foreign borrowing results in capital account surplus ultimately increasing trade deficit.

High rate of domestic investment while no change in savings results in or increase in current account deficit. The main reason is that low private or government savings as compared to private investment in domestic capital requires foreign investment.

4 0
4 years ago
Other questions:
  • 1. Which of the following types of work do public service workers conduct?
    6·1 answer
  • The _____ is a 1969 agreement among bolivia, chile, ecuador, colombia, and peru to establish a customs union.
    10·1 answer
  • Income elasticity of demand refers to a​ ________ the demand curve in response to changes in​ income, whereas price elasticity o
    12·1 answer
  • Genuine Seed Company and Hillside Farmers Cooperative enter into a contract for a sale of hybrid seeds. Under the perfect tender
    12·2 answers
  • There are 10 households in Lake? Wobegon, Minnesota, each with a demand for electricity of Upper Q equals 50 minus Upper P. Lake
    9·1 answer
  • At a cost of $12,000, Community Hospital is refinancing the mortgage on the building that houses its clinic. The hospital will s
    14·2 answers
  • At the beginning of the year, a company had accounts receivable of $700,000 and an allowance for doubtful accounts with a credit
    9·1 answer
  • The Board of Ursinus College in Pennsylvania raised its tuition and fees 17.6 percent to $23,460 in 2000. It subsequently receiv
    9·1 answer
  • While a business plan is a detailed document with many sections, its overall purpose is to describe the nature of the business,
    14·1 answer
  • A question that is used as the focus of a PBL project that communicates the challenge you must solve is called...
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!