Soil bacteria convert atmospheric nitrogen into nitrates that becomes usable by a plant's root(s) to absorb it and use it in chemical reactions.
Answer:
management's discretion to choose alternative accounting procedures with in GAAP SEC required reporting regulations for all entities.
Explanation:
Base on the scenario been described in the question, we can say that management's discretion to choose alternative accounting procedures with in GAAP SEC required reporting regulations for all entities.
Answer:
distributive justice
Explanation:
Based on the information provided within the question it can be said that in this scenario, this is an example of applying distributive justice. This term refers to a concept that determines who owns what within a society. In other words an individual should receive benefits or goods depending on their contributions to a company or society. Which in this case is what ALT inc. is trying to make sure of.
Answer:
net income of the investee is not considered earned by the investor until dividends are declared by the investee
Explanation:
Cost method can be regarded as
a method that is utilized when the influence of the investor over the investment that which he owns is just little or no influence , this could be typically described as owning less than 20% of the company. The investment will be recorded in the asset section of the balance sheet at historical cost. When an investment is made by an investing entity and the investment is having following two criteria, then the investment can be accounted for by the investor using the cost method.
Those criteria are;
1) There is no substantial influence by the investor over the investee.
2)There is no easily determinable fair value for the investment.
This cost method is best method when making a passive as well as long-term investment which doesn't result to influence over the company.
It should be noted that If the cost method is used to account for a long-term investment in common stock, then net income of the investee is not considered earned by the investor until dividends are declared by the investee
They can simply ask their boss for a raise or just wait it out and soon enough you’ll get a raise.