After an impairment loss is recognized, the adjusted carrying amount of the intangible asset shall be its newaccounting basis. Which of the following statements about subsequent reversal of a previously recognized impairment loss is correct under U.S. GAAP?a. It is prohibited.b. It is required when the reversal is considered permanent.c. It must be disclosed in the notes to the financial statements.d. It is encouraged, but not required.

Answers

Answer 1

Answer:

A, it is prohibited

Explanation:

Under the U.S GAAP, subsequent reversal of a previously recognised intangible asset impairment loss is prohibited with the exception that the intangible asset is held up for the purpose of sale.

Cheers.


Related Questions

economic problem in corona globally ?

Answers

people won’t wear masks

What are the safety risks associated with using the Internet? Check all that apply.
encountering inappropriate content
finding incorrect information
getting a computer virus
having your identity stolen
talking privately with your friends

Answers

Answer:

A) Encountering inappropriate content.

C) Getting a computer virus.

D) Having your identity stolen.

The safety risks associated with using the Internet are encountering inappropriate content, getting a computer virus, and having your identity stolen.

With its limitless access to information, the Internet is both a useful tool and a potential threat to safety and security. It's crucial to keep an eye on what a youngster sees, hears, shares, or could be exposed to.

Privacy settings can restrict who can view your child's personal information, such as their name, age, and residence. However, if your child adds someone as a "friend," that person will have access to your child's private information, including, in the case of some devices, their GPS position.

Therefore, the following statements are:

Encountering inappropriate content.Getting a computer virus.Having your identity stolen.

To know more about the safety risks, visit:

https://brainly.com/question/30092537

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Which roles do franchisees play in case of a product distribution franchise?

Answers

Answer:

For the most part, Franchisees own the land and run the day to day operations of the stores that they finance.

Explanation:

A company leases trucks and properly classifies the leases as finance leases. The leases have a 10-year term, and the lease calculations were done three years ago when interest rates were lower. Which of the following is the appropriate accounting treatment, if any, for the application of the fair value option to lease transactions?A. Recognize the change to fair value accounting with an unrealized loss in the income statement.B. Leases are not eligible for the fair value option.C. Recognize the change to fair value accounting with an unrealized loss in accumulated other comprehensive income.D. Recognize the change to fair value accounting with a cumulative adjustment to beginning retained earnings.

Answers

Answer:

D. Recognize the change to fair value accounting with a cumulative adjustment to beginning retained earnings.

Explanation:

In the situation whereby the 10 year term of the leased trucks value has adjusted leading to the increase in the interest rate of the lease, the best option would be recognize the change to fair value with its cummulative adjustment to beginning of the retained earnings.

Among the universal functions of marketing, the _____ function is probably the most visible function of marketing.

Answers

Answer:

selling

Explanation:

Selling in marketing make the cycle of production to complete, because it is through selling that the product and services get to the consumer. And as a result of this transaction between both the producer and the consumer, returns can be gotten by those companies for service or product rendered.

It should be noted that in all the universal functions of marketing we know, the selling function is probably the most visible function.

Home is a country that produces two goods, pears and cellular phones. Last year, Home produced 450 bushels of pears and 1050 cellular phones. This year it produced 450 bushels of pears and 2000 cellular phones. Given no other information, which of the following events could explain this change?a. Home experienced increased unemployment.b. Home experienced a decline in pear-producing technology.c. Home experienced an improvement in cellular phone-making technology.d. Home experienced a reduction in resources

Answers

Answer:

c. Home experienced an improvement in cellular phone-making technology.

Explanation:

It is the improvement recorded in its technology for phone-making that gave rise to the improved production of cellular phones from last year's 1050 phones to this year's 2000 cellular phones.  This shows an improved productivity of about 90%.  Home did not witness similar improvement in the production of pears as the quantity produced last year was also produced in the current year.

Suppose the most you would be willing to pay to have a freshly washed car before going out on a date is $6. The smallest amount for which you would be willing to wash someone else's car is $3.50. You are going out this evening and your car is dirty. How much economic surplus would you receive from washing it?

Answers

Answer:

$2.50

Explanation:

The most you would be willing to pay to have a freshly washed car before going out on a date is $6

The smallest amount you would be willing to wash another person's car is $3.50

Therefore if you are going out and need to wash the car, the economic surplus that would be received from washing it can be calculated as follows

= $6 - $3.50

= $2.50

Hence the economic surplus that would be received from washing the car is $2.50

Which economic system has the most government control? (Select the best answer.)
A planned economy . A traditional economy . A mixed economy . A market economy​

Answers

Answer:

A planned economy because they know what is going to be put in place at any certain time, so they have the most power. Hope it helps! Please vote Brainliest!

Explanation:

Answer:

A planned economy that is the answer

Stanford University tells students that they will "Grasp the forces driving the change," while students at Ryerson University are attracted by "Wisdom. Applied." What are these slogans used for?

Answers

Answer:

Element of culture

Explanation:

Culture is a broad term that is often used in sociology to describe a combination of suggestions, customs, and social behavior of a particular individual or society. The elements of culture include the following: symbols, language, standards, significances, etc

Hence, in the situation, the correct answer is that these slogans are used for the Element of Culture.

Fair value changes are not recognized in the accounting records. b. Financial information is presented so that investors will not be misled. c. Intangible assets are amortized over periods benefited. d. Agricultural companies use fair value for purposes of valuing crops. e. Each enterprise is kept as a unit distinct from its owner or owners. f. All significant post-balance-sheet events are disclosed. g. Revenue is recorded when the product is delivered. h. All important aspects of bond indentures are presented in

Answers

Answer:

a. Historical Cost Principle = All the assets are recorded at their historical cost except the short term investments.

b. Full Disclosure Principle = All the details of the financial conditions of the company shall be stated properly.

c. Expense recognition principle = All expenses shall be recorded properly, and the cost of intangible assets shall be charged as expense during its useful life as amortisation expense.

d. Industry practice and fair value principle = As stated in (a) also, all short term investments shall be valued at fair value, as crops are their stock it is an industry practice in agricultural sector to record crops at fair value.

e. Economic Entity assumption = The owner of a business and that his business are two different legal persons, as income of business is computed and assessed separately and that the income of the owner is assessed separately.

f. Full Disclosure Principle = As there is a time gap in closing the actual financial year on 31 December and preparing the balance sheet, several transactions which are considered to be of important aspect for the people concerned are disclosed in the balance sheet as events after the balance sheet but before the reporting date.

g. Revenue Recognition principle = Revenue shall only be recorded when the entire risk is transferred to the buyer, and that only the payments are left to be received.

h. Full Disclosure Principle = Again all the financial statements shall disclose all the material facts as for investors interests the full disclosure principle is followed.

Which of the following are examples of career clusters? Select all that apply.

Answers

Answer:

(1) Agriculture, Food & Natural Resources

(2) Architecture & Construction

(3) Arts, A/V Technology & Communications

(4) Business, Management & Administration

(5) Education & Training

(6) Finance

(7) Government & Public Administration

(8) Health Science

(9) Hospitality & Tourism

(10) Human Services

(11) Information Technology

(12) Law, Public Safety, Corrections & Security

(13) Manufacturing

(14) Marketing, Sales & Service

(15) Science, Technology, Engineering & Mathematics

(16) Transportation, Distribution & Logistics

Explanation:

Where can you take DMV
examinations, and what type of
examination are there?

Answers

I hope this answers helps

Any voluntary disenrollment occurring within three (3) months of the membership effective date is considered a rapid disenrollment and will result in a chargeback of the full commission paid.a) trueb) false

Answers

Answer: true

Explanation:

The reports available on Aetna's producers world are ones Medicare business book, month or year of commission report and licensing reports.

The requirements necessary to have ready-to-sell Aetna Medicare status are

Aetna Individual Medicare certification for the products one intend to sell, active contract through Medicare Producer Contracting site, having a licensed in the state one wants to sell and also passed ng a check done background.

Any voluntary disenrollment occurring within three (3) months of the membership effective date is considered a rapid disenrollment and will result in a chargeback of the full commission paid is true.

A group of underwriters have agreed to engage in a mini-max underwriting for a new issue of equity securities with the issuer of those securities. Which of the following best describes this underwriting agreement?A) A mini-max agreement is a firm underwriting setting a maximum amount the underwriters are willing to purchase from the issuer in the event all shares cannot be sold and a minimum dollar amount of securities the issuer is willing to sell.B) A mini-max agreement is a firm underwriting setting a floor or minimum, which is the least amount the issuer needs to raise in order to move forward with the underwriting, and a ceiling or maximum on the dollar amount of securities the issuer is willing to sell.C) A mini-max agreement is a best-efforts underwriting setting a floor or minimum, which is the least amount the issuer needs to raise in order to move forward with the underwriting, and a ceiling or maximum on the dollar amount of securities the issuer is willing to sell.D) A mini-max agreement is a best-efforts underwriting setting a maximum amount the underwriters are willing to purchase from the issuer in the event all shares cannot be sold and a ceiling or maximum on the dollar amount of securities the issuer is willing to sell.

Answers

Answer:

A) A mini-max agreement is a firm underwriting setting a maximum amount the underwriters are willing to purchase from the issuer in the event all shares cannot be sold and a minimum dollar amount of securities the issuer is willing to sell.

Explanation:

Mini-max agreement is a form of underwriting agreement which happens to be a contract binding between an investment group (probably formed by investment bankers) and corporation that issues new securities.

Why have many insurers replaced retrospective reimbursement methods with prospective payment methods

Answers

Answer:

have more control over financial risk

Explanation:

The main reason for this switch was to be able to have more control over financial risk. This is because, in a prospective payment system, most of the risk is moved to the provider's side. This ultimately allows the provider to take the necessary actions in order to control/minimize/or adjust the amount of risk that is present in a specific transaction/scenario.

Don is a quality control manager at Vittel Glass House. He shouts at his subordinates if they fail to meet his expectations. This has severely affected his relationship with his subordinates. Which of the following is a guideline for effective human relations that Don should follow in order to correct this?A. He should think before acting.B. He should create a win-lose situation in the company.C. He should be genuinely interested in himself.D. He should listen to other managers.

Answers

Answer:

A. He should think before acting.

Explanation:

In this scenario Don shouts at his subordinates if they fail to meet his expectations, severely affecting his relationship with his subordinates.

Don is obviously impulsive in his reaction to situations.

When he takes the time to think and weigh the benefit of shouting on his subordinates, he will realise this is an unproductive strategy.

Rather he should find out why employees did not meet his expectations and formulate ways to.make them more productive

A customer enters a market order to buy 100 shares of XYZ. The broker-dealer reports the purchase price of 100 shares of XYZ at 27.50 to the customer; shortly after, it is determined that the actual price paid when the order was filled was 28. The customer:______.

Answers

Answer:

The customer have to accept the trade at the amount of $28

Explanation:

Based on the information given we were told that the actual amount the customer paid when the customer order was filled was the amount of $28 and not the amount of $27.50 which was the purchase price given by the broker dealer, Hence based on this we can vividly say that the customer have to accept the trade at the amount of $28 which was the actual amount paid when the order was filled.

Therefore the customer will have to accept the trade at the amount of $28.

A creditor who has a security interest in the debtor's collateral is a ____________. a.secured party b.security agreement c.security interest d.financing statement

Answers

Answer: Secured party

Explanation:

Jill has a property that appraises for $189,000. Her first mortgage rate is 4.75% and her second mortgage rate is 15%. She has decided that she wants to leave her $53,000 first mortgage alone and just refinance the second. She qualifies for an 85% CLTV. Her second mortgage is for $25,000 but she wants cash to finish her basement. She has $81,150 available as cash. What is her new second mortgage loan amount if the closing costs are $1,500 and Jill would like to finance them

Answers

Answer:

The new mortgage loan is $106,150

Explanation:

The computation of the new second mortgage loan is shown below:

But before that determine the maximum loan amount which is

= $189,000 × 85%

= $160,650

Now the second mortgage loan is

= maximum amount - first mortgage - closing cost

= $160,650 - $53,000 - $1,500

= $106,150

Hence, the new mortgage loan is $106,150

What are tic tac like what is good for you

Answers

Answer: Ingredients. Sugar, fructose, maltodextrin, peppermint essential oil, rice starch, gum arabic, filling agent (magnesium salts of fatty acids), glazing agent (carnauba wax).

Explanation:

They are NOT good for u. :(

LMN Enterprises performs accounting services for a client for $3,000 cash. What is the effect on the accounting equation?

Answers

Answer:

The equation remains balanced but there is a total increase of $ 3000 on both sides.

Explanation:

Cash is increased by earning a cash of $ 3000 and so is the revenue increased .  Increase in the revenue means increase in the capital.

The total profit earned is added in the Capital.

The increase in the right hand side of the equation is equal to the increase in the left hand side of the equation.

Assets = Liabilities + Capital

Cash +Assets = Liabilities + Capital + Revenue

+ $ 3000        =                                  + $ 3000

The equation remains balanced but there is a total increase of $ 3000 on both sides.

According to Michael Porter, the reason many firms suffer margin-eroding competition is because they have defined themselves according to strategic positioning rather than operational effectiveness.A. TrueB. False

Answers

Answer:

False.

Explanation:

This statement is false, for Michael Porter for a company to remain competitive in the market, it must develop an effective strategy that allows it to remain superior to its direct competitors in the market, which are the three generic strategies, which are : cost leadership, focus and differentiation. For the author, companies that are effective in the development of these strategies will be successful in the market and achieve continuous improvement in all their processes, that is, the operational efficiency will be achieved with the improvement of the processes provided by the strategy, which maximizes the chance for organizations to remain competitive and well positioned.

Capitalism is another name for a traditional economic system.
true or false

Answers

Answer:

true

Explanation:

competition forces businesses to search for new ways to satisfy customers wants and needs

Luke is going to school to get a degree in Veterinary Medicine. He wants to work in an animal hospital after he graduates.
Which of the following job options would be most beneficial to Luke's career while he is going to school?
a. Babysit after school
b. Work at a fast food restaurant
c. Volunteer at a social service agency
d. Work an entry level position at a veterinary clinic

Answers

The answer to this question is d
D because none of the others have anything to do with animals. And if he wants to work with animals it would have to be d

Alpha Company reported the following financial statement information:December 31, 2006:Assets $70,000 Liabilities 45,000December 31, 2007:Assets 82,000Liabilities 55,000During 2007:Stockholder investments 3,000Net income ?Dividends 6,000Calculate Alpha’s net income for the year ended December 31, 2007 and the change in stockholders’ equity for the year ended December 31, 2007.Net income Change in stockholders' equityA. ($3,000) $2,000 increaseB. $5,000 $2,000 increaseC. $5,000 $2,000 decrease

Answers

Answer:

the answer is 571 and 1903

Peter must inform his employees that his company will need to let go of employees. Which word would be best for Peter to use when conveying this idea to his employees

Answers

Answer:

a) layoff

Explanation:

These are the options for the question

a. Layoff

b. Rightsizing

c. Streamlining

d. Downsizing

Peter must inform his employees that his company will need to let go of employees. Which word would be best for Peter to use when conveying this idea to his employees

For all the_____the new CEO has received from the press recently, her staff have a decidedly less rosy view of her.

Answers

Answer: encomium/tribute

Explanation:

For all the encomium the new CEO has received from the press recently, her staff have a decidedly less rosy view of her.

One who is showered with encomium or tribute or praise simply means that the boss had been spoken of in high regards and acknowledged for doing something great.

Answer:

A. encomiums

B. tributes

Explanation:

When it is said that someone has a decidedly less rosy view of someone else, it means that they do not like their character or personality.

The new CEO's staff had such a view of her which would imply that they find her character to be somewhat lacking. The sentence was structured in such a way that their views were the opposite of that of the press which would mean that the missing word has something to do with a favorably view of the CEO's character.

Those words could either be encomiums which mean praises or tributes which is essentially the same as encomium.

PLEASE HELP WILL GIVE BRAINLY!!!!!!!!!

In the above diagram, the demand for pepper is an example of price __________.


A. elasticity
B. shifting
C. inelasticity
D. controlling

Answers

Answer:

the answer is B yeah i think they fit

Answer:

PEOPLE ARE SAYING B AND A WHICH ONE IS IT

Explanation:

AHHHHHHHHHHHHHHHH

Question 3 of 10
A standard is a:

Answers

a level of quality or attainment.

Answer: Level of quality or performance that people accept as normal

Explanation: I took this quiz

A pregnant client with a history of heart disease asks how she can relieve her occasional heartburn. The nurse teaches her self-care measures. What statement indicates to the nurse that the client understands the teaching?

Answers

Answer:

I don't take sodium-containing antacids.

Explanation:

Excess fluid retention, which increases the workload of the heart, which is an undesirable effect of sodium intake, especially in a person with heart disease. Sleeping 1 hour after eating promotes gastric regurgitation so that inflammation in the heart ends. Fluid intake should be 2 L per day. Three large meals a day can upset the stomach, resulting in heartburn. Preference is given to small meals throughout the day.
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