Answer:
It is a relatively easy method to apply.
Explanation:
When accounting for a subsidiary, equity method is followed, whenever the shareholding percentage is equal or more than 20%.
But here, the parent company uses, initial value method for internal reporting.
Under initial value method the value of investment in subsidiary is recorded at cost, and then adjusted at year end at fair value, this clearly shows the gain or loss at each year end from such investment as per market norms.
There is no statutory requirement to follow such initial value method for internal reporting.
The correct reason therefore, is:
It is a relatively easy method to apply.
The answer is objective personality test.
Objective personality test is designed to measures the personality of a certain individual without being exposed to the bias of the tester.
To fully avoid the bias, the researchers usually created a scoring system that based on quantitative scores rather than the qualitative.
A pure market economy in a theoretical concept in that it has never really existed. In a pure market economy producers create what they want at a price consumers will pay. Consumers pay what they want. The key is no regulation.
Answer: a) -A tax cut
-Additional spending on national park facilities
b) Expansionary fiscal policy
Explanation:
Fiscal Policy refers to how the government of a country is using it's spending and taxes to influence Economic conditions on a Macro level.
The keywords for this question are TAXES and SPENDING.
The means that a Discretionary FISCAL policy includes Taxes and Spending.
Now the way to close the Recessionary gap that is opening is to put more money into the Economy. The Government can do this by REDUCING TAXES which will means people have more money to spend and ADDITIONAL SPENDING on NATIONAL PARK FACILITIES as this means that the government is pumping more money into the Economy.
The discretionary fiscal policy needed to bring the economy closer to potential output is an example of an EXPANSIONARY FISCAL POLICY.
This is where the Government aims to put more money into the economy so that growth can be acheived and they do this by lowering taxes and increasing spending either singularly or simultaneously.
