Distinguish between tangible and intangible benefits.

Q: Which of the following elements represents an economic resource? B . Liability.

A: The variables being used to manufacture products or provide services are economic assets. That is to…

Q: compensation in commodatum.

A: Commodatum is nothing but a roman law which states that commodatum is an agreement which is a type…

Q: Explain the Service Projects versus Revenue Projects?

A: The project is the collaborative effort initiated to achieve a certain objective within a certain…

Q: Explain the Costs of Defending Intangible Rights.

A: Intangible assets are the assets that cannot be seen physically, but its' presence in business have…

Q: Explain the difference between defined-benefit and defined-contribution plans?

A: Solution:- Pension plans are to provide a security to the retiring employees after their retirement.…

Q: Distinguish between program service expenses and supporting service expenses.

A: A nonprofit organization’s expenses can be classified into two types, they are expenses for program…

Q: Describe the approaches for measurement of fair value.

A: When measuring fair value of fixed assets, intangible assets, specified financial assets or…

Q: Explain the term byproduct.

A: A byproduct is a product that is also termed as the incidental product is generated during the…

Q: Define the term an identical asset?

A: An identical asset is the group of similar assets which are individually not distinguishable and can…

Q: Explain preemptive right

A: Answer: A pre-emptive right is a benefit that can be granted to other owners in a company that gives…

Q: What is appropriation?

A: Ans. In accounting, appropriation is done for various reasons such as for distribution of gains,…

Q: Define defined benefit plan

A: A defined-benefit plan is a business supported retirement plan in which representative advantages…

Q: Differentiate between the concepts of profit and interest with examples of each.

A: Profit:-Profit is the amount which one receives when all expenses get deducted from Revenue during a…

Q: Net defined benefit asset results in Current service cost Interest expense Interest revenue

A: As per IAS 19 of IFRS mentions how the accounting should be done to employee benefit other than…

Q: Discuss and explain the meaning of right offerings and their advantages.

A: Right issue refers to giving a right to existing shareholders to subscribe additional shares in…

Q: In what way is compensation similar to payment? Explain each by giving examples or cases that you…

A: Compensation :  It a payment given in exchange of services.  It is a form of a payment. It can only…

Q: Which of the following aspects of a cost-benefit study would have the greatest uncertainty as to its…

A: Cost - benefit analysis is a decision making process in which costs incurred and revenues earned due…

Q: Define Donated Assets.

A: Donated assets are the assets donated to governmental or non profit entity without any consideration…

Q: Differentiate between divisible and indivisible projects

A: Capital rationing is the process of limiting the projects that the company. It will reduces the…

Q: Determine the equivalent net benefits?

A: We can determine the equivalent net benefits by subtracting total costs from total benefits. Total…

Q: Distinguish between a joint product and a byproduct ?

A: Explain the difference between a joint product and a by-product. When the production process of the…

Q: Explain the purpose of the net present value.

A: Capital budgeting involves taking decisions related to investments in long-term assets or investment…

Q: Define Vested benefits.

A:

Q: difference between expected results and actual experience results to a remeasurement of the net…

A: The answer is stated below:

Q: Define the following terms: Input risks, financial risks, property risks, personal risks

A: Input risks refers to the input price risk or commodity price risk. The risk arises for either of…

Q: Explain the Redemption process?

A: The question is based on the concept of redemption, which is mainly used for repayment of fixed…

Q: Differentiate essential and non essential activities.

A: There are various types of activities that are performed in an organization in order to achieve the…

Q: on remeasurement nvestment is

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

Q: conclusion of environmental cost and benefit

A: Answer: Environment cost is defined as the management of cost related to environment.

Q: Define agency cost or problem

A: Agency problem is that problem which is a conflict of interest in a relationship where one side…

Q: Define defined contribution plan

A: A defined-contribution (DC) plan is a retirement plan that lets an employee to contribute a fixed…

Q: Distinguish between revenue and capital expenditures, and account for them.

A: Meaning of Expenditure Expenditure is the amount of various expenses incurred for the operations of…

Q: Describe the Costs of Defending Intangible Rights.

A: Introduction Intangible assets are the assets that cannot be seen physically, but its' presence in…

Q: Distinguish between an intended beneficiary and an incidental beneficiary.

A: Beneficiary- A party that is entitled to any benefit or advantage in an agreement such as Life…

Q: allowable deduction?

A: Definition : Deductions under income tax: Deductions are allowed on taxable income of the…

Q: Which categories are non value added activities?

A: Non value added activities are those activities that does not actually add value to the product or…

Q: What characteristics make a good or service a performance obligation?

A: Performance obligation: Performance obligation is the promise made by the seller to supply the goods…

Q: Determine the components of postretirement benefit expense

A: Post-retirement benefit expense:   This is an expense to the employer-paid as compensation after the…