Answer:
A) Recognize the write-down as a separate line item.
Explanation:
IAS 2 Accounting for Inventory requires that inventory be recognized at the lower of cost or net realizable value. Inventory is a balance sheet item which is initially recognized at cost.
However, once there is an indication that the cost is lower than the net realizable value, the carrying amount of inventory is written down with the write off recognized as a separate line in the P/l and not as an addition to the cost of goods sold.
Hence the right option is A) Recognize the write-down as a separate line item.
Answer:
A. A new airplane purchased by United Parcel Service.
- Investment (in fixed assets), GDP grows
B. The tuition you pay during your first year of college.
- Consumption (of services), GDP grows
C. The social security check your grandmother receives.
- Not included in GDP, social security checks are considered transfer payments.
D. A new purchase of 50,000 shares of Time/Warner stock.
- Not included in GDP, only IPOs are included in GDP
E. A new pair of tennis shoes made in China and purchased by an American shoe store.
- Import, GDP decreases since net exports decrease
Explanation:
T.V. advertisements
Billboard signs
News papers
Magazine adverts
Social media outlets or post
Answer: Option A
Explanation: In simple words, human capital refers to the economic value of an individual employee to the organisation in which he or she works as based on the skill sets and experience that he she possess.
The economic value can be created using various tools like education, training, good health or loyalty etc. Human capital is considered as an intangible asset but is not recorded in the balance sheet of the company as it cannot be quantified.
However, it is considered as the most important asset because the effective use of other resources depends on the human capital of an organisation.
Answer:
The Correct Option is D: a standardization of education, language, texts, and Church liturgy
Explanation:
The Carolingian Renaissance was a time in the Middle Ages that had a significant impact on Arts, language, Church lithurgy, and education. It also revived scholarships. Before this time, education was reserved for a small group of people, but the Carolingian Renaissance saw a change in education and made it to become more standardized and attainable.
