Answer:
4. intangible assets.
Explanation:
Total assets are classified into current assets, fixed assets, and intangible assets.
Current assets comprise cash, stock, receivable account, etc.
Fixed assets include plant & machinery, property, facilities, furniture & equipment, etc.
And, the intangible assets are patents, copyrights, goodwill, and other intellectual properties plus they are not seen or even touched.
Whereas the fixed assets or other related synonymous are tangible in nature
Answer:
can you explain this a little better how u have it makes no sense
Answer:
$90,000
Explanation:
The reason is that the International Accounting standard IAS 3 Inventories says that the asset must be reported at lower of:
Cost &
Net realizable value
Here the cost is $100,000 and NRV is $90,000, which means that the inventory must be reported at $90,000 which is the lower value.
Answer:
The correct answer is A.
Explanation:
Giving the following information:
Direct materials= $30
Direct labor= $36
Variable overhead= $24
<u>Under the variable costing method, the unit product cost is calculated using the direct material, direct labor, and unitary variable overhead.</u>
Unitary product cost= 30 + 36 + 24= $90
