Answer:
R
Explanation:
Just took the quiz hope this helps!
Answer:
ADVANTAGES: Potential for better pay and working conditions for the workers
DISADVANTAGES: The employer could potentially punish the workers, restrict their pay, or even fire them. The company the workers work for will lose money. Strikes can take long periods of time.
Answer:
we have to socal distance and then we get annoyed and upset when someone gets in our space
Answer:
Oil and Gas Industry
Explanation:
The oil and gas industry boom was responsible for the international earning for Ghana in the 1990s and Nigeria in the 21st century. Ghana has been producing oils since the 1990s, but the discovery of silver jubilee field in 2010, it started to produce 240 MMbbl liters of oil and 396 Bcf of Gas. While in Nigeria oil was discovered in 1958 and it has been the largest oil producer in sub-Saharan Africa and became a member of OPEC in 1971. Its estimated production of crude oil was 2.413 barrels per day in 2005. In both, the oil boom transformed the economy.
Complete Question:
Pribuss Engineering prepares its financial statements according to International Financial Reporting Standards. During 2018, the company incurred the following costs related to a new product design:
Research for New Design $2.4M
DVMPT of New Product $1.3M
Patent Filing Fees $52K
The development costs were incurred after technological and commercial feasibility was established and after the future economic benefits were deemed probable. The project was successfully completed and the new product was patented before the end of the 2018 fiscal year. What amount should Pribuss expense in its 2018 income statement related to the above expenditures?
Answer:
The Research expenses of $2.4M that are written as expense in the Income statement and the Development costs of $1.3M and patent legal fees of $53k are capitalized.
Explanation:
The reason is that the International Standard IAS 38 Intangible Assets says that the expenditure incurred on the research that hasn't entered development phase must be written as expense in the year and the expenditure incurred on the development phase of the research outcomes must be capitalized to the extent it is ready for use. In this case $1.3M is clearly a development cost and patent legal fees of $53k is the expenditure that will prepare the asset and making it ready for use, so it must also be capitalized.