Answer:
See explanation
Explanation:
Consider liabilities due within period of more than 12 months for the long-term liabilities section of the balance sheet.
In a condition where Gina induces Hugh to enter into a contract for the purchase of a condominium about which Gina knowingly misrepresents a number of material features, Hugh can rescind from entering into the contract on the basis of fraud when he discovers about the truth of Gina's wrongful intentions.
<h3>What is the significance of a fraud?</h3>
A fraud can be referred to or considered as a situation that arises when either of the parties to a contract is unaware of the wrongful intentions of the other party at the time of entering into the contract.
Therefore, the significance regarding a fraud has been aforementioned.
Learn more about a fraud here:
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Answer:
The correct answer is option E.
Explanation:
The term capital refers to the machinery and equipment that are used to produce goods and services. These things are long lasting and are not exhausted in the production process.
It is one of the four factors of production and essential for production of goods and services. It is already produced durable good.
Financial securities such as stocks and bonds are financial capital and are different from capital goods or capital assets.
Answer:
Secular Deflation
Explanation:
The term secular deflation simply means continues or prolong decline in prices of goods and services resulting from economic growth in the presence of stable aggregate demand. So, in the face of stable economic growth and aggregate demand curve, the economy will experience secular deflation.
Answer:
Property plant and equipment is listed at net value
Explanation:
Good will is intangible as it is an asset without physical attributes. Depreciation is the systematic allocation of cost for an asset based. It is an expense and not a cash expense, R and D is not an investment but an expense. R and D is not usually capitalized.
Balance sheet items are listed at market value. This is not true. For instance, Inventory is a balance sheet item and it is carried at the lower of cost or net realizable value.
Property plant and equipment is listed at net value. This is true as Property plant and equipment is listed at the net of the historical cost and the accumulated depreciation.
