Answer:
The correct answer is letter "A": True.
Explanation:
Contingency reserves are funds that companies save to face economic hardships. In some cases, those negative situations can be expected while in some other cases they cannot -such as acts of God. Contingency plans come along with the contingency reserve to have an idea of what the company is going to do with the funds.
Answer:
the net book value of the asset halfway through its useful life will be less than if straight-line depreciation is used.
Explanation:
Let me use an example to illustrate this.
An asset has a useful life of 4 years. It costs $1000. It has a salvage value of 0
If the straight line depreciation method is used , the depreciation expense every year = $1000/ 4 = $250
The net book value halfway through its useful life = $1000 - ($250 x 2) = $500
If double declining method is used, the depreciation expense in the first year would be = 2/4 x $1000 = $500
The net book value at the beginning of year 2 = $1000 - $500 = $500
Depreciation expense in year 2 = 2/4 x $500 = $250
The net book value at the beginning of year 3 = $500 - $250 = $250
We can see that the net book value halfway through the useful is lower when double declining depreciation method is used
Answer:
a decrease in the unemployment rate
Explanation:
Macroeconomics is a branch of economics that studies the economy as a whole. Economic variables studied in macroenomics includes GDP, unemployment, inflation etc
Microeconomics is a branch of economics that studies the behaviour of economic agents- individuals and firms in the economy.
I hope my answer helps you
Answer:
$176,800
Explanation:
Operating income ×income tax rate
$520,000 × 34% = $176,800
Therefore Provincial would report $176,800 of income tax expense as a separately stated line item in the income statement because $520,000 is the operating income tax before-tax income statement items and 34% is the actual income rate.
Answer:
the correct answer is D
Explanation:
Test marketing is a process used to test consumer reactions about a product among potential users.
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