Answer:
Moonligh Bay Resorts will report a Non-current liability of $126 million
Explanation:
The question is to determine whether Moonlight Bay Resorts is to report an asset (current or non-current) or a liability (current or non-current) in its December 31st 2021 Balance Sheet
The step is to determine the classification of the items in the balance sheet
This is done as follows
Description Amount ($)
Total Deferred Tax liability (168 million + 120 million) 288 million
(Deferred tax liabilities related to
both current and non-current assets)
Total Deferred tax asset (102 million + 60 million) (162 million)
The net deferred tax liability 126 million
Since, under the International Financial Reporting Standards Deferred Tax Liability is a Non-current liability, it means <u>Moonligh Bay Resorts will report a Non-current liability of $126 million</u>
Answer:
Savings: is setting aside money so you dont need to spend your money for anything, only for emergeincies. Investment: is when you are buying stocks or bonds your are making an investment.
Answer:
The correct answer is letter "D": The production budget.
Explanation:
The production budget is the expected production of a manufacturing company. It combines the projection of sales of the firm for the current period and the number of assets needed to achieve the production level necessary. It is important for a company to have a clear idea of what investment will be needed to fulfill those expectations.
Reflects the satisfaction a consumer receives from consuming a particular set of goods and services
Answer:
A. Output is being produced at minimum cost- is correct
Explanation:
When an isocost line is tangent to an isoquant cost is being minimized
