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Step2247 [10]
3 years ago
9

All of the following are true of the effect of fair value accounting on the financial statements except a.changes in the fair va

lue of trading securities are recognized on the income statement b.any difference between the original cost or the prior period's fair value must be recorded c.changes in the fair value of available-for-sale securities are recognized on the income statement d.valuation allowance accounts are reported on the balance sheet
Business
1 answer:
Anna71 [15]3 years ago
4 0

Option C

<u>Explanation:</u>

All of the following are true of the effect of fair value accounting on the financial statements :

<u>option c. changes in the fair value of available-for-sale securities are recognized on the income statement. is correct .</u>

Reasonable worth bookkeeping is a monetary detailing approach, otherwise called the "mark-to-advertise" bookkeeping practice, under proper accounting rules (GAAP). Utilizing reasonable worth bookkeeping, organizations measure and report the estimation of specific resources and liabilities based on their real or assessed reasonable market costs. Changes in resource or risk esteems after some time produce hidden additions or misfortunes for the advantages held and liabilities extraordinary, expanding or diminishing total compensation, just as value to be determined sheet.

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Write a two page essay on politics (also this is for glassaqt)
Art [367]

Answer:

The agrarian reform’s goal, in general, is to bring harmony between the rural and the urban

people. Agrarian reform is fundamental because of its economic gain of the country because

more than half the population is employed in the agricultural area. Agriculture is the primary

source of living, especially for the countries that are still in the process of developing. Tsarist

Russia failed to have peaceful relations with its citizens due to their unsuccessful agrarian law.

Bolsheviks planned to avoid such mistakes.

Making a change to the agrarian law was very important to not only the Bolsheviks but to the

Menshevik Georgians as well. For Russia, The First World War and the revolution crippled

Russia’s economy and brought instability and chaos to the country. The new Russian state

would mainly have to rely on the agrarian reform, because as mentioned before it brings

economic uprising to the country, and that is precisely what they needed. Support from the

working class and peasants was necessary if the crippled Bolshevik state was going to strive,

leading to the new government establishing the law that said that the control of the land would

be passed on to the lower class in the form of state collective farms.

The previous government failed to address the agrarian question and what the Bolsheviks

offered to the lower class, was acceptable to the majority of the citizens, although the promises

that were made were far from being perfect. The lower class wanted land divided up into

millions of smallholdings while the Bolsheviks trusted in collective farms worked on by the lower

class on behalf of the population. Lenin knew that if his Revolutions was going to live for a long

time, he needed to establish several things, such as: Winning over the peasants by offering

them the land that the previous government failed to do. While property was not exactly gifted to

the peasants, the new agrarian law meant that those who worked on the land after the 1917

Revolution had much more control over the way that land was farmed. The collective farms may

not have been a utopia for the peasants, but they were living better than they were, during the

former government. Lenin knew that he had to offer the lower class something that would be

unheard of in previous governments in order to gain the population's trust and keep the new

communist state in power.

In Georgia, on the other hand, there had been the usage of an ambitious, and mainly practical,

program to separate the large estates and distribute land to the landless lower class.

Hope this helps! Have a nice day!

3 0
3 years ago
Read 2 more answers
During 2017, the gateway city government recorded a $15,000 transfer from the general fund to an internal service fund; a $25,00
Salsk061 [2.6K]
The awnser would be 55000 dollars
7 0
3 years ago
Which of the following competitors mentioned in the textbook should the owner of a Wendy's restaurant monitor closely due to its
soldier1979 [14.2K]

Answer:

D) Five Guys Burgers

Explanation:

Five Guys Burgers is the fastest growing fast food chain in the US, although that can be explained due to its relatively small size compared to other huge chains like McDonald's, Burger King or Wendy's. It currently operates 1,500 restaurants around the world (most in the US) and plans to open 1,500 more in the next few years.

Its greatest advantage is that is offers a differentiated service and its relative small size allows it to be more flexible. Its website also gets a lot of online traffic.

The combination of all these factors means that they have a lot of potential to grow and gain a higher market share.

5 0
3 years ago
A country finds itself in the following situation: the government budget surplus is 2% of its GDP; private savings is 30% of GDP
DaniilM [7]

Answer:

The current account deficit will increase from 1% to 31% of GDP.

Explanation:

National saving and investment identity helps in understanding the determinants of trade and current account balance. The current account is in balance when the quantity demanded of financial capital is equal to the quantity supplied of financial capital.  

Here, the government saving or surplus and private savings are the supply of financial capital and investment indicates demand for financial capital.

The current account balance is

= Supply of capital - Demand for capital

= (30 + 2)% - 33%

= 32% - 33%

= -1%

So the current account is in deficit by 1% of GDP.  

If the private savings becomes zero, the current account balance will be

= Supply of capital - Demand for capital

= 2% - 33%

= -31%

The current account will be in deficit by 31%.

8 0
3 years ago
Mary and Ted are discussing starting a new business and are asking themselves a series of questions like, "What is the worst tha
MissTica

Answer:

Mary and Ted need to determine the type of partnership business they plan to enter into, if it is a <em>General Partnership, Limited Partnership and Limited Liability Partnership.</em>

The type of partnership business will determine their individual liabilities, in the event the business folds up. Furthermore, In a bid for Mary and Ted to answer questions like,"What is the worst that could happen if we fail, they will need a partnership agreement, which states the terms of agreements of each partners.

Explanation:

Mary and Ted need to determine the type of partnership business they plan to enter into, if it is a <em>General Partnership, Limited Partnership and Limited Liability Partnership.</em>

The type of partnership business will determine their individual liabilities, in the event the business folds up. Furthermore, In a bid for Mary and Ted to answer questions like,"What is the worst that could happen if we fail, they will need a partnership agreement, which states the terms of agreements of each partners.

4 0
3 years ago
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