Answer:
B. Requiring disclosure of all relevant facts so that investors can make informed decisions.
Explanation:
The Securities and Exchange Commission (SEC) is a governmental agency saddled with the sole responsibility of regulating the securities or capital markets, as well as protecting investors in a country.
In the United States of America, the Securities and Exchange Commission (SEC) as an independent government agency was established under the Securities Act of 1933 and the Securities and Exchange Act of 1934 of the United States of America. It has the power to propose securities rules and regulations, and enforce federal securities law in the securities market.
The basic purpose of the securities laws in the United States is to regulate the issuance of investment securities by requiring disclosure of all relevant facts so that investors can make informed decisions.
Some of the forms to be filled as required by the United States of America, Securities and Exchange Commission (SEC) includes;
1. Form 10-K.
2. Form 10-Q.
3. Form 8-K.
Complete Question:
Pribuss Engineering prepares its financial statements according to International Financial Reporting Standards. During 2018, the company incurred the following costs related to a new product design:
Research for New Design $2.4M
DVMPT of New Product $1.3M
Patent Filing Fees $52K
The development costs were incurred after technological and commercial feasibility was established and after the future economic benefits were deemed probable. The project was successfully completed and the new product was patented before the end of the 2018 fiscal year. What amount should Pribuss expense in its 2018 income statement related to the above expenditures?
Answer:
The Research expenses of $2.4M that are written as expense in the Income statement and the Development costs of $1.3M and patent legal fees of $53k are capitalized.
Explanation:
The reason is that the International Standard IAS 38 Intangible Assets says that the expenditure incurred on the research that hasn't entered development phase must be written as expense in the year and the expenditure incurred on the development phase of the research outcomes must be capitalized to the extent it is ready for use. In this case $1.3M is clearly a development cost and patent legal fees of $53k is the expenditure that will prepare the asset and making it ready for use, so it must also be capitalized.
Answer:
C. Sandel meant that utilitarianism aims to level all values to equal standing so that they can be quantified and measured
Explanation:
The common currency is the currency that are shared by the different countries
Utilitarianism refers to a theory in which the goods things are to be rise and the bad things would be decline also it shows the outcome of an action that generated right and wrong concept
Therefore it provides a measure that should be common depend upon the values
Hence, the option c is correct
Answer:
Classification of Goods
a. Intermediate good; Investment
b. Final Good = Consumption
c. Intermediate good; Investment
d. Intermediate good = Investment
Explanation:
An intermediate good produces a final good for consumption. Intermediate goods are used for investment to generate more resources that can be consumed in the future. A final good, in most cases, does not require further processing. It is consumed immediately by the buyer.
<span>Assume
that Jocelyn is comparing two fixed-rate loan options, a 15 year and a
30 year mortgage. Both options have the same interest rate and amount
borrowed. The 30 year, when compared to the 15 year loan will have a lower monthly payment and a higher total cost when
repayment is completed.
The longer the spread of an annuity payment the lower the monthly payment and the higher the total cost of the loan.
</span>
