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Alja [10]
3 years ago
13

what is one of the major reasons that many people end up financial trouble and have to consider bankrupcy

Business
1 answer:
IRISSAK [1]3 years ago
3 0
One of he reasons is Excessive Medical Expenses.

If you’ve been involved in any type of serious accident or have mounting medical bills due to illness, you may be at risk for financial problems that lead to bankruptcy. Excessive medical expenses are the number one cause of bankruptcy and account for nearly two-thirds of all personal bankruptcies, statistics show.

Even though the majority of people filing for bankruptcy due to medical bills have health insurance, their out-of-pocket expenses still end up being too high.
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Answer:

$0

Explanation:

According to US GAAP the reduction in the value of the asset due to a decrease in the fair value. It means when fair value of the asset is reduced than the book value of the asset.

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Discounted Value = $51,000

There is no Impairment loss on this asset as the fair market value is more than the book value of the asset.

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3 years ago
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In the given scenario, Skippy's demand for the peanut butter will increase because of the above mentioned two reasons. Since he is very much fond of the peanut butter, the demand will remain constant. At the same time, after reading about the future unavailability of the peanut butter and the increase in the price of it, the demand for the peanut butter will rise the present day.

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b

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