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Serga [27]
3 years ago
6

A company that maintains its books and records under IFRS is applying the revaluation model to a certain fixed asset. In previou

s years, the value of the asset had declined. In the current year, however, the asset has appreciated in value by an amount that is greater than the cumulative decrease that had occurred previously. How will the company report the asset on the year-end balance sheet for the current year
Business
1 answer:
yuradex [85]3 years ago
4 0

Answer: See explanation

Explanation:

The revaluation model is when the fixed asset of a business or an organization is carried at its revalued amount.

Based on the question asked, the asset will be valued based on the new fair value with regards to the increase. It should be noted that the remainder recognized will then be recognized in the other comprehensive income.

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Which of the following would the U.S. Bureau of Labor Statistics define as a discouraged worker?
Svet_ta [14]

Answer:

d) Mary, who was laid off last year and who was looking for a full-time job until last month

Explanation:

In the United States, a discouraged worker is defined as a person not in the labor force who wants and is available for a job and who has looked for work sometime in the past 12 months (or since the end of his or her last job if a job was held within the past 12 months), but who is not currently looking because of real or perceived poor employment prospects.

6 0
4 years ago
Rapier Woodworking Corporation produces fine cabinets. The company uses a job-order costing system in which its predetermined ov
olga nikolaevna [1]

Answer:

The predetermined overhead rate based on hours at capacity is closest to: $20.10 per hour.

Explanation:

Predetermined Rate = Budgeted Fixed Overheads / Budgeted Activity

                                  = $ 3,819 /  190 hours

                                  = $20.10 per hour

4 0
3 years ago
Simpleton, Inc. budgeted a material cost of $10 per lb. They ended up purchasing 2,300 lbs at $16 per lb. and using 1,800 lbs fo
Vesna [10]

Answer:

Direct material price variance= $13,800 unfavorable

Explanation:

Giving the following information:

Simpleton, Inc. budgeted a material cost of $10 per lb.

Actual:

2,300 lbs at $16 per lb.

<u>To calculate the direct material price variance, we need to use the following formula:</u>

<u></u>

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (10 - 16)*2,300

Direct material price variance= $13,800 unfavorable

4 0
3 years ago
I just want to know if my answer is correct
nataly862011 [7]

Answer:

The correct answer is letter "A": 20% of income.

Explanation:

The percentage of savings of people will directly depend on their income. Employees earning the minimum wage are likely to use the most of their salary paying bills which will give them few to no opportunity for saving. On the other hand, executives with annual income above the average have more chances to save a good percentage of the money they receive monthly according to their expenses.

However, for a person who receives an average salary that allows covering expenditure and having some free money a bank account, at least should be saving 20% of that income. Besides, according to the 50/20/30 budget rule, <em>50% of the salary should be spent on needs, 30% on wants, and 20% on savings</em>.

3 0
3 years ago
Paul, a new hire in the traffic department of an advertising agency, has little confidence in his ability and believes he only g
joja [24]

Answer:

Letter d is correct. <em>Directive</em>.

Explanation:

The directive leadership style is one where there is a leader to advise on essential task requirements, goals, and expectations that should be met by an employee. This style of leadership is often used when there are new or inexperienced employees or when guidance is needed for more complex activities.

The advantages of management leadership are ease of learning, objectivity about organizational expectations, and compliance with compliance with organizational rules and regulations.

5 0
3 years ago
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