Assets is Outflows or other using up assets or incurrence of liabiliti true

Q: Outline how you would incorporate the following into the CCAPM:a. Liquidity.b. Nontraded assets. (Do…

A: The question is based on the concept of the consumption based capital asset pricing model (CCAPM).…

Q: Distinguish between liquid and illiquid assets, and list some assets that are liquidand some that…

A: Liquid asset: It is a resource or asset that can be effortlessly transferred over into cash in a…

Q: normal balance of asset, liability, and equilt

A: The balance sheet shows the financial position of the company that including the assets,…

Q: If Goodwill is understated on the financial statements: O a. Total Liabilities are understated O b.…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: _________numerators does NOT include assets:

A: The Answer :

Q: Define the term nonmonetary assets.

A: Assets: These are the resources owned and controlled by business and used to produce benefits for…

Q: Explain the conditions under which assets and liabilities are derecognized

A: The answer for the theory question on the conditions under which assets and liabilities are…

Q: Assets created by payments that expire as they are used are called?

A: The assets are resources that are owned by the individual or organization. The assets are in…

Q: What is non current assets ?

A: Current assets means those assets which will be converted in to cash in near future generally one…

Q: distinguish between current and non-current assets, and current and non-current liabilitie

A: Any asset which is convertible in terms of cash within a time duration of one year is a current…

Q: revaluation or restatement of assets and liabilitie:

A: Equity is calculated by deducting total liabilities from total assets. It can be more clearly…

Q: Which of the following would not be classified as a current asset? Prepaid expenses Plant, property…

A: Current assets are those assets which are already in cash or can be converted into cash into short…

Q: Assets are often classified into current assets, long-term investments, plant assets, and intangible…

A: The balance sheet represents the financial position of the business with assets and liabilities on a…

Q: Differentiate between permanent current assets and temporary current assets.

A: Assets:   These are the resources owned and controlled by business and used to produce benefits for…

Q: What are the two types of claims against assets?

A: Asset is a resource from which the company expected to generate future economic cash flows which can…

Q: What is nonoperating assets?

A: Non-operating assets are the assets that are not required or in use for normal business activity.…

Q: What is the difference between "change in current assets" and "change in liabilities?

A: Current assets: The assets which could be converted into cash within one year like accounts…

Q: Define current assets. What basis is used for ordering individual items within the current assets…

A: Current assets represent all the assets of a company that are expected to be conveniently sold,…

Q: Explain the accounting for gain and loss ­contingencies.

A: Contingencies:   Contingency is a situation where the outcome becomes uncertain and is resolved in…

Q: Non-performing assets are described as……………… *

A: Non-performing assets can be defined as those assets which do not generate revenue for a banking…

Q: WHAT IS FUNCTIONAL OBSOLECENSE OF ASSETS?

A: Functional obsolescence of assets is discussed hereunder : The term ' Obsolescence' refers to…

Q: The ratio quantifies the degree of available liquid assets is O Liquidity coverage ration Temporay…

A: Degree of available liquid assets means how much liquid assets available with the firm

Q: It is referred to as: Distinguishing current and non-current items on the balance sheet and…

A: A little introduction and the significance of it all:

Q: The disclosure of a line item for Other current assets in the Statement of financial position would…

A: The answer for the multiple choice question and relevant explanation are presented hereunder : Other…

Q: what is qualifying assets?

A: Manufacturing plants, power generation facilities and inventories requiring time to get into…

Q: describe diff erent types of assets and liabilities and the measurement bases of each

A: Assets are worthy resources that business owns to get future benefits. They are fixed assets which…

Q: What are fictitious assets?

A: Fictitious assets: Asset formed by an accounting entry (and included under assets in the balance…

Q: on remeasurement nvestment is

A: Given as, To find the gain on the investment as,

Q: Assets available for unsecured creditors after payments of liabilities with priority are calculated…

A: Liquidation is the process of selling all the assets of the business at their fair value and using…

Q: Describe the steps to record non monetary asset exchange.

A: Definition:   Non- monetary exchange: When fund transfers are not involved in the exchange and the…

Q: Reversing entries maybe used in unearned income when the original collection is recorded as a.…

A: Answer When unearned revenues are recorded as liabilities then an unearned revenue account is…

Q: A provision of % should be made on loss assets

A: A loss asset is an asset that remains as a non-performing asset(NPA) for more than 36 months.

Q: how would make the non-performing assets into a performing one.

A: The concept of non-performing assets (NPA) is widely used in the management of financial assets in…

Q: Explain the difference between monetary and nonmonetary assets and liabilities.

A:

Q: Describe the terms of Contingent Assets with examples.

A: Contingent Asset are the assets which have not yet been realized, but they may realize upon…

Q: Explain the Ordinary Assets

A: Ordinary Assets are normally recognised as those assets held for sale in the ordinary course of…

Q: Accumulated depreciation and depreciation expense are classified respectively as A. Asset, contact…

A: Depreciation is the apportionment of cost of a asset over the life of the asset. Accumulated…

Q: Which of the following assets have definite physical share or identity and existence? [A]…

A: Assets:   These are the resources owned and controlled by business and used to produce benefits for…

Q: Which of the following could be charged to the profit and loss account as an expense? O A…

A: Profit and Loss account provides overview about all incomes and expenses of an entity for a…

Q: The difference between fixed assets and ong term liabilities of a business concern is ermed as

A: The correct answer is  ) None of the options    Liabilities refer to money you owe, and long-term…

Q: Actuarial (Remeasurement) gains and losses are reported as OCI as they occur using a. U.S. GAAP. b.…

A: Both US GAAP and IFRS requires to record acturial gains or losses through other comprehensive income…