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Talja [164]
3 years ago
5

An entity may decide not to sell a long-lived asset (disposal group) classified as held for sale. It should therefore re-classif

y the long-lived asset (disposal group) as held and used. As a result of re-classification:_______.
Business
1 answer:
Setler [38]3 years ago
4 0

Options:A. The disposal group will be measured at the lower of carrying amount or fair value at the date

of the decision not to sell.

B. The results of operations of a reclassified component of an entity will be reported

prospectively in continuing operations.

C. Depreciation on individual reclassified long-lived assets is reflected in their measurement.

D. Any assets removed from a disposal group that are to be sold must continue to be measured

as a group.

Answer:C. Depreciation on individual reclassified long-lived assets is reflected in their measurement.

Explanation:A disposal group is a collection of assets or liabilities of an organisation that has been classified as held for sale. The depreciation of these disposal group may not be considered or measured, they usually measured According to a lower of carrying amount and fair value less costs to sell. They are presented separately in the statement of financial position. As a result of reclassification of the disposal group,the Depreciation on individual reclassified long-lived assets is reflected in their measurement.

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Answer:

A

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With both having a produced annual rates of return in under 10%

Reason for A being the riskier is that his annual rate of return in average was 8%, while B's annual rate was 9%

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Unpaid reviews on reputable car sites.

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3 0
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a_sh-v [17]

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8 0
3 years ago
Pina Colada Corp. has the following transactions during August of the current year.
const2013 [10]

Answer and Explanation:

The indication of the basic analysis and the debit credit analysis is as follows;

Date                   Basic Analysis                    Debit - Credit Analysis

Aug. 1       The asset Cash is increased;     Debits increase assets;

              the stockholders' equity account   Debit Cash

                Common stock is increased.         $10,880

                                                      Credits increase stockholders' equity

                                                                      Credit Common stock

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Aug. 4            The asset Prepaid Insurance        Debits increase assets;

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Aug. 16        The asset Cash is increased;        Debits increase assets;

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             is increased.                                         $880

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                                                                          $880

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                 the asset Cash is decreased.       $680.

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3 0
3 years ago
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enyata [817]

Answer:

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Explanation:

`If firms can easily enter and exit the market, then firms operating in the market will earn zero economic profit in the long run. This is because the short run is too short for firms to enter and exit so potential firms will enter and exit in the long run.  

If the existing firms will be having negative profits, the firms having loss will exit the market. This will reduce market supply. As a result, the price level will increase. This will go on until all firms will have zero economic profits.  

Similarly, if the existing firms are having positive economic profits in the long run, the other firms will enter the market. This will increase the market supply such that the price level decreases. This will go on till all the firms will be having zero economic profits.

5 0
3 years ago
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