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
VLD [36.1K]
3 years ago
11

Technique Co. has equipment with a carrying amount of $1,600,000. The expected future net cash flows from the equipment are $1,6

30,000, and its fair value is $1,360,000. The equipment is expected to be used in operations in the future.
What amount (if any) should Technique report as an impairment to its equipment?


a. No impairment should be reported.
b. $240,000
c. $30,000
d. $270,000
Business
1 answer:
Vesnalui [34]3 years ago
6 0

Answer:

correct option is a. No impairment should be reported

Explanation:

given data

carrying amount = $1,600,000

net cash flows = $1,630,000

fair value = $1,360,000

to find out

amount report as an impairment to its equipment

solution

we know that here impairment loss is carrying amount - higher of fair market value and value in use    ..................1

here recoverable value is = $1630000

so

impairment loss is = $1600000 - $1630000

impairment loss  = - $30000

here loss is negative

so that correct option is a. No impairment should be reported

You might be interested in
My name marsh, ninja
Nataly_w [17]

Answer:  NINJA IG you pick one lol

Explanation:

6 0
3 years ago
An investor currently holds stock in Giggle Corporation and is considering buying stock in either Macrosoft Corporation or Facep
Ivenika [448]

Answer:

b

Explanation:

Portfolio diversification is the process of holding different asset and security classes in order to minimise the non systemic risk of the portfolio

Correlation is a statistical measure used to measure the relationship that exists between two variables.

1. Positive correlation : it mean that the two variables move in the same direction. If one variable increases, the other variable also increases. It increases the risk of the portfolio

For example, there should be a positive correlation between quantity supplied and price

When there is a positive correlation, the graph of the variables is upward sloping

2. Negative correlation :  it mean that the two variables move in different direction. If one variable increases, the other variable decreases. It decreases the risk of the portfolio

For example, there should be a negative correlation between quantity demanded and price

When there is a negative correlation, the graph of the variables is downward sloping

3. Zero correlation : there is no relationship between the variables. It decreases the risk of the portfolio

3 0
3 years ago
Sadie hires a new manager. In a couple of weeks, she receives reports that the new manager often plays favorites and does not ac
gogolik [260]

Answer:

The correct answer is motivated blindness.

Explanation:

Ethical blindness is a psychological phenomenon derived from what is known as: motivated blindness. It is that people see what they want to see and easily lose sight of conflicting information when it is in their interest to remain ignorant. The conflict of interest has a lot to do with this phenomenon. For example, if in the same work team - in any direction - the director maintains a personal relationship with a collaborator, the mistakes she makes will tend to minimize them against mistakes of other team members.

Both moral silence and ethical blindness are widespread phenomena within our corporate culture, and unfortunately they only manifest themselves when there is fraud within the company or a problem that affects the image of the company.These usually grow especially when the company You are succeeding and reaching your strategic and financial goals. Top management should focus more on these phenomena not only for an ethical duty issue but for proper risk management within the organization.

5 0
3 years ago
The substitution effect of an increase in the price of Raisin Bran refers to Select one: a. the decrease in the demand for Raisi
EleoNora [17]

Answer:

the fact that the higher price of Raisin Bran relative to its substitutes, such as Cheerios, causes consumers to buy less Raisin Bran.

Explanation:

the substitution effect arises when as a result of a rise in the price of a good, the good becomes more expensive relative to its substitutes. Consumers not consume less of the good and more of the substitute. This leads to a movement up along the demand curve for that goods and not a movement along the demand curve for the good and not a shift of the demand curve.

If the price of the good increases. The good becomes cheaper when compared with substitutes. As a result, the demand for the good increases while that of the substitutes decreases.

The income effect is when an increase in price lowers consumer's purchasing power, holding money income constant.

5 0
2 years ago
Jake has plans to go to an opera and already has a $100 nonrefundable, nonexchangeable, and nontransferable ticket. Now Megan, w
Nataly [62]

Explanation

verified expert checkingsa

4 0
2 years ago
Other questions:
  • Kyla is a first-time entrepreneur. She started a small business a few months ago. She encounters small problems on a daily basis
    11·1 answer
  • What is a disadvantage in radio advertising?
    11·1 answer
  • For​ 2018, Franklin Manufacturing uses machineminushours as the only overhead costminusallocation base. The estimated manufactur
    12·1 answer
  • Love It Industries manufactures​ custom-designed playground equipment for schools and city parks. Love It expected to incur $ 78
    6·1 answer
  • Caars Inc. issued a 120-day note in the amount of $360,000 on November 1, 2016 with an annual rate of 6%. What amount of interes
    9·1 answer
  • The renewal probability is assumed to be 60% for a particular lease with 12 months vacant if the lease is not renewed. The expec
    7·1 answer
  • Helena Company uses a standard cost system, and allocates variable overhead costs based on direct labor hours. This month, the f
    6·1 answer
  • The Nicor family is planning to purchase a new home 7 years from now. If they have $240,000 now, how much will be available at t
    15·1 answer
  • To determine if the bank's Web site is secure, look at the web site address.<br><br> True<br> False
    10·1 answer
  • Does the sec require the entity to disclose in the current reporting period the future effect that the accounting change is expe
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!