Complete Question:
Land and other real estate held as investments by endowments in a government’s permanent fund should be reported at
Group of answer choices
A. Historical cost.
B. Fair value less costs of disposal.
C. Fair value.
D. The lower of cost and net realizable value.
Answer:
C. Fair value.
Explanation:
Land and other real estate held as investments by endowments in a government's permanent fund should be reported at fair value of the reporting date except for the exception of life insurance contract, external investment pool, money market investment etc.
The fair value can be defined as the actual or real value of an asset, security, product or item in financial accounting.
Answer:
D. the routine service.
Explanation:
Single cost driver rate: It is a cost assigned to each unit of cost driver activity directly. Cost driver also influence other business activity and effect the total cost incurred.
In the given case, Business offer both routine and specialized service, as we know single cost driver influence driver directly, therefore, cost driver of specialized service will overprice the routine service.
The definition for interest in terms of finance is interest is the cost of borrowing. Therefore the correct option is (B).
<h3>What is Finance?</h3>
Finance refers to the money or the funds required by the company to undertake the business projects. Here, finance is the separate field of the study taught to the management students.
Interest refers to the amount charged to the borrower to the lender on the loan facility provided to them. Every lender charges the rate of the interest according to his will.
Bank also charge the rate of the interest on the loan provided to the customer. Therefore the correct option is (B).
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