Answer:
Gain $72,480
Explanation:
Calculation for the amount of gain or loss that Sheffield should recognize on the exchange
Using this formula
Gain/Loss= Book value – Fair value
Let plug in the formula
Gain/Loss= $978,480 – $906,000
Gain=$72,480
Therefore the amount of gain or loss that Sheffield should recognize on the exchange will be $72,480
Profits are negative in a monopolistically competitive market, the new firms will enter the market until economic profits are zero.
<h3>What is competitive market?</h3>
Competitive market is a market that involves many sellers and producer that are competing with one another.
They compete to provide goods and services
Therefore, profits are negative in a monopolistically competitive market new firms will enter the market until economic profits are zero.
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Answer:
The correct answer is Public Company Accounting Oversight Board.
Explanation:
The Sarbanes Oxley Law was enacted in the United States with the purpose of monitoring companies that are listed on the stock exchange, preventing the valuation of their shares from being altered doubtfully, while their value is lower. Its purpose is to avoid fraud and bankruptcy risk, protecting the investor.
This law, beyond the local level, also involves all companies listed on the NYSE (New York Stock Exchange), as well as its subsidiaries.
This law arose in response to the financial scandals of large corporations, such as: Enron, Tyco International, WorldCom and Peregrine Systems, as these diminished the public's confidence in the accounting systems and, above all, in the audit.
The statement is that "all the primary types of project life cycle models contain a sequence of precisely four phases with tasks. It must be finished and permissions must be obtained before the project can go on to the next phase, despite differences in the specifics" is true.
<h3>What is a model?</h3>
A model is an artificial 3D representation of a process of objects. Models can be small and large. Models are made to give information about things that are very big or undone in reality.
Here, the model of the project life cycle is given that contains four phases with their tasks.
Thus, the statement is true.
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The answer is D. Imitable products and servicesd
