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exis [7]
3 years ago
9

Rice Industries owns a manufacturing plant in a foreign country. Political unrest in the country indicates that Rice should inve

stigate for possible impairment. Below is information related to the plant's assets ($ in millions): Book value $ 195 Undiscounted sum of future estimated cash flows 211 Present value of future cash flows 176 Fair value less cost to sell (determined by appraisal) 182 The amount of impairment loss that Rice should recognize according to U.S. GAAP and IFRS, respectively, is: U.S. GAAP IFRS a. $ 13 million $ 13 million b. $ 19 million $ 19 million c. $ 0 $ 13 million d. There is no impairment under both U.S. GAAP and IFRS.
Business
1 answer:
Dmitriy789 [7]3 years ago
6 0

Answer:

c. $ 0 $ 13 million

Explanation:

Under the U.S GAAP, if the sum of future cash flows is exceeded than the book value. So, no impairment loss would be recognized . Hence it would be zero

And, According to the IFRS, if the book value is more than the fair value, than the difference of  book value and the fair value is considered

In mathematically,  

= Book value - fair value  

= $195 million - $182 million

= $13 million

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Daniel [21]

Answer: • Water power to run machines

• rivers for transportation of goods

• natural resources for production

Explanation:

Industrialization is when am economy moves from the agricultural sector to the industrial sector.

The factors of industrialization does Baines cite in the reading include:

• Water power to run machines

• rivers for transportation of goods

• natural resources for production

8 0
2 years ago
A benchmark market value index is comprised of three stocks. Yesterday the three stocks were priced at $30, $38, and $90. The nu
galina1969 [7]

Answer:

The one-day rate of return on the index is 3.43%

Explanation:

Given that the shares were priced at;

$30    for    710,000 shares

$38    for    610,000 shares

$90    for    310,000 shares

Changes in prices of shares

$34-$30=4

$36-$38= -2

$92-$90=2

Return=change in price of shares/initial price of shares *100

The return will be;

4/30*100 =13.33

-2/38*100= -5.26

2/90*100 = 2.22

Total = 13.33+2.22 - 5.26 =10.29

10.29/3 =3.43

3 0
3 years ago
Which is true among the following statements on visualization?
Mila [183]

Answer:

d. All people respond better to visual information than text.

Explanation:

  • Visualization refers to an image of an object, situation or event, or any chart in the human mind. Visualization is the creation of a mental image of an object, image or situation in one's mind.
  • Visualization is important in providing creative ideas to customers. It helps users understand the message. Humans respond and process visual data more appropriately than other data.
  • The human brain processes images faster than texts, and most of the information transmitted to the brain is visual. Therefore, people respond better to visual information than text.
5 0
3 years ago
Sophia is a postal carrier for the United States Postal Service. She frequently complains about all the inefficiencies and unfai
weeeeeb [17]

Answer: Alienated follower

Explanation:

Alienated followers are independent and critical thinkers who participate not to the beam or fullness of their capacity in a group. Sophia is discouged by the inactiveness of her boss concerning her complians and this makes her to complain to anyone who may be willing to speak to him, this makes her a alienated follower.

5 0
3 years ago
At any given volume, average fixed costs must equal average variable costs<br><br> True or false?
Elanso [62]
False. Average fixed costs are totally different from average variable costs. They can only be equal if by chance the fixed costs are equal to variable costs for a specific level of production
3 0
3 years ago
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