Which is incorrect statement regarding impairments

Assignment Help Accounting Basics
Reference no: EM132783773

problem 1: Select the incorrect statement regarding impairments of investment properties.

a. Investment properties are subject to impairment.

b. Impairments of investment properties of government entities are recognized in surplus or deficit.

c. Compensation from third parties for investment property that was impaired or lost shall be recognized in surplus or deficit when the compensation becomes receivable and not offset with the amount of loss.

d. Impairment losses on investment properties measured under the cost model are never reversed.

Reference no: EM132783773

Questions Cloud

What is the average number of people in the waiting line : a. What is the average number of people in the waiting line expected? (Enter only a number with one decimal place., e.g. 1.2 people --> 1.2)
Why would a retailer go to the trouble of buying something : Why would a retailer go to the trouble of buying something overseas-say, a very expensive Omega Seamaster watch-to resell in the United States?
What is the design capacity of process b : Assuming ideal conditions, what is the design capacity of Process B per day? (Enter only a number.
Discuss the importance of change management : Discuss the importance of change management in the implementation of strategy. What should be considered when planning for organizational change
Which is incorrect statement regarding impairments : Which is incorrect statement regarding impairments of investment properties. Impairment losses on investment properties measured under cost model never reversed
Describe two benefits for the 4 ps of growth : Consider the business that is the focal point. Describe two benefits for each of the 4 Ps of growth. How will you leverage these benefits for your business?
How discovery affected the life of the average working : Summarize how this discovery affected the life of the average working American during the colonial period. Use specific examples and details.
Describe a price segmentation fence : Describe a price segmentation fence that could be used to effectively charge one price to Segment A and a different price to Segment B.
Forecast the sales of cool-man air conditioners : Sales of Cool -Man air conditioners have grown steadily during the past 5 years as shown in Table 1. The sales manager had predicted, before business started, t

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd