Why is it important to know to know how much is in your checking account ?

US GAAP and IFRS differ on treatment of impairment of tangible assets as follows:

erik [133]

Answer:

A. IFRS, tangible assets are tested only when factors suggest impairment.

Explanation:

The tested of the tangible assets would be based on some kind of changes that are change in the market value, chnage in the technology, rise or reduction in the rate of interest in the market etc

In addition to this, the intangible assets such as goodwill would be testes on annually basis

Therefore the first option is correct

7 0

3 years ago

Suppose that you are a DBA. What data dimensions would you describe to top-level managers to obtain their support for data admin

alexandr402 [8]

The correct answer to this open question is the following.

Although there are no options attached, we can say the following.

As a database administrator, the data dimensions I would describe to top-level managers to obtain their support for data administration would be these.

First of all, the imperious necessity of protecting the information of the company and the clients'. Security comes first. Then the technological aspects to have modern equipment and software to facilitate the operations in the company. System DBA's are necessary to have applications that serve to merge old information into new databases without affecting the actual data. Then to have a proper cluster in which the company can manage different procedures such as finances, accounting, field operations, and more, knowing that data is properly stored and easily accessible.

3 0

2 years ago

Bagels and cream cheese are complementary goods. The price of flour, used to make bagels, has fallen. As a result, the equilibri

statuscvo [17]

Answer: When the price of the flour falls, the equilibrium price of the cream rises and the equilibrium quantity of the cream cheese also rises

Answer A is correct

Explanation:

if flour is cheaper, bagels are chepear so demand increases and both equilbrium price and equilibrium quantity rises

8 0

2 years ago

Countries are interconnected today as never before. From eating foods from different countries to singing along to songs perform

Nuetrik [128]

This is tough to answer in 3-5 sentences, and tends to also be a heavy identifier of your possible political leanings. You'll have to apologize if some of mine leak out in the response, but this is a question we debate hotly more frequently than every 4 years.

In general, international trade can help increase the GDP and overall profits for US-based corporations. However, if all we do is export, and we don't import, other countries don't look favorably upon that and may heavily tax our goods to counter this.

I believe we do need to be thoughtful about the amounts and kinds of international trade that we engage in. For example, farming is always a hotly debated issue for international trade, in part because farmers in other countries with a dramatically lower cost of living OR farmers in countries with a favorable currency rate (exchange from their currency to our dollars gives them an advantage) can undercut our farmers here in the US, many of whom are already struggling.

There are also those who are worried that when we import produce from countries that have not outlawed pesticides we know are carcinogenic, for instance, this creates not only a disadvantage for US farmers, but also for consumers who may be concerned about health issues.

As another example of this, many countries outlawed import of US beef during the Mad Cow Epidemic. We in turn also placed bans on importing beef from the UK.

These are examples of why it's important to be thoughtful about trade, but there are certainly many others, including decline in production jobs within the US that have left cities like Detroit a ghost town (this was formerly the hub of our automotive industry production).

5 0

3 years ago

Questions of

jarptica [38.1K]

Preparation of Adjusting Entries on January 31 for Al Medina, D.D.S. is as follows:

Adjusting Journal Entries:

1. Debit Accounts Receivable $760

Credit Service Revenue $760

To record completed services not yet billed.

2. Debit Utility Expenses $450

Credit Utility Payable $450

To record unpaid utility expense for the month.

3. Debit Depreciation Expense $400

Credit Accumulated Depreciation $400

To record depreciation expense for the month.

3. Debit Interest Expense $500

Credit Interest Payable $500

To record interest expense for the month.

4. Debit Insurance Expense $2,000

Credit Prepaid Insurance $2,000

To record insurance expense for the month ($24,000/12).

5. Debit Supplies Expense $1,200

Credit Supplies $1,200

To record supplies expense for the month ($1,750 - $550)

Data Analysis:

Transactions at the end of January:

1. Accounts Receivable $760 Service Revenue $760

2. Utility Expenses $450 Utility Payable $450

3. Equipment $80,000 Cash $20,000 Notes Payable $60,000

3. Depreciation Expense $400 Accumulated Depreciation $400

3. Interest Expense $500 Interest Payable $500

4. Prepaid Insurance $24,000 Cash $24,000

4. Insurance Expense $2,000 Prepaid Insurance $2,000 ($24,000/12)

5. Supplies $1,750 Cash $1,750

5. Supplies Expense $1,200 Supplies $1,200 ($1,750 - $550)

Read more about recording adjusting journal entries at brainly.com/question/21306030

3 0

3 years ago