Please answer with reason for all why the option is correct and why the other options are incorrect 74. An expenditure whose benefit is finished or enjoyed immediately is called A.Expense B.Liability C.Cost D.Income

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A: The answer for this question is given generally as each organisations can following their own…

Q: Which of the following best defines the concept of a relevant cost? a. A past cost that is the same…

A: Relevant Cost: it is a cost which is used for taking decision  for the business management. this…

Q: Compensation income may be in the form of monetary or in-kind benefit. a.true b.false

A:

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A: Accumulated Benefit Obligation and Projected Benefit Obligation both are terms used in the pension…

Q: Differentiate between the accumulated benefit obligation and the projected benefit obligation.

A: ABO (Accumulated benefit obligation) and PBO (Projected benefit obligation) are similar in most of…

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A: Tax or Taxes: Tax is an amount paid by the persons (individuals and business entities) to a…

Q: Compensation can be benefits. Select one: O a. Both a and b O b. None of the other points O c.…

A: Introduction: Compensation: Its given to employees for their services with the company. Compensation…

Q: Match each of the terms below with its definition. 1. Sunk cost a. Additional costs incurred from a…

A: Costs: It may be classifed as sunk costs, opportunity costs etc. some kinds of costs are relevant…

Q: When should an expenditure be recorded as an asset rather than an expense? O Never O When future…

A: Lets understand the basics.When any expense which is going to have future benefits needs to…

Q: Discuss, using practical example how revenue expenditure should not be capitalized?

A: SOLUTION- Thus, a revenue expenditure which increases the utility or productive capacity of an…

Q: Information on Entity A's defined benefit plan is as follows: 1,800,000 1,440,000 2,160,000 PV of…

A: Service cost attributable to the current and past periods and Net interest on the net defined…

Q: Required: a. if arturito will accept the special order, what is the incrementak benefit(loss)?

A: Variable cost means the cost which vary with the level of output where as fixed cost remain fixed…

Q: Which of the following does not increase the Projected Benefit Obligation?   Actuarial loss on…

A: Solution: Following would increase the projected benefit obligation: 1. Actuarial loss on benefit…

Q: 1. All of the following are components of the defined benefit cost except *   unvested past service…

A: Solution Note Dear student as per the Q&A guideline we are required to answer the first question…

Q: Which among the following suits best for Unearned revenue? a. Liability b. Expense c. Revenue d.…

A: Unearned Revenue: Unearned Revenue means money received from the customer in advance for the service…

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…

Q: Which of the following is not affected by a change in interest expense?   a. gross margin   b.…

A: The question is based on the concept of Financial Accounting.

Q: Define each of the following terms: g. Reinvestment rate assumption

A: reinvestment rate: it is the return the an investor expects to make after reinvesting the cashflow…

Q: How is the Accumulated Benefit Obligation (ABO) different from the Projected Benefit Obligation…

A: The value that is used for the compensations of the employees is the only difference between the…