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What is an economic resource that is expected to be of benefit in the future?
Wiki User
∙ 12y ago
assets
Wiki User
∙ 12y ago
allokwayo
Assets
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Economists use to estimate a resource's future economic value compared to its present value?
cost-benefit analysis
A future economic benefit owned or controlled by an entity is?
asset
Are future economic trends influenced by economic theories?
Yes, the future economic trends are usually influenced by the economic theories.
The future perfect tense of the word benefit?
Will have benefited.
What does the economic planner do?
plans for the future economy
When is an asset classified as a current asset?
An asset is something that is considered to be a future economic benefit of the business a current asset is the same but that future economic benefit is expected to occur within 12 months.
Economists use to estimate a resource's future economic value compared to its present value?
cost-benefit analysis
Does revenue include accounts receivable?
Accounts Receivable is an asset since it is a resource controlled by the entity as a result of past transaction with the future economic benefit to flow to the entity.
A future economic benefit owned or controlled by an entity is?
asset
Is accounts receivable a revenue?
Accounts Receivable is an asset since it is a resource controlled by the entity as a result of past transaction with the future economic benefit to flow to the entity.Sale of goods and services is a revenue and not accounts receivable.
Nature of expenses and an function of expenses?
An expense is incurred when a business contract to purchase goods or accept services which will not constitute a resource for the future from which economic benefits can be expected to flow. In other words, an expense is a cost which is not classified as an asset to the business.
What is the journal entry for deposit for future subscriptions of stocks?
Any Prepayment would result in a general entry as follows: DR X Prepayment/Deposit (A) xxxx CR Bank (A) xxxx assuming the Prepayment meets the asset definition and recognition criteria which are: 1) Resource Controlled By the Business 2) Due to a Past Event 3) From which future economic benefits are expected to flow 4) Is Measurable 5) Future Economic benefits are probable applying it: The Entity has a legal right (resource) due to the payment (past event) that will entitle it to claim services/goods (future economic benefit). It is valued at the cash price payed (measurable) and the transacting party is likely to comply with the legal right (FEB Probably). You can use this for any deposit payed and should be applicable to the subscription of stocks.
How do you think trade alliances such as nafta the eu and asean might affect you as a future manager?
The effects of this can effect the whole economic region.The ASEAN Plus Three agreement is expected to benefit the region as a whole as well as the individual members.The overall benefits expected are: Greater financial and monetary cooperation in East Asia in line with greater economic cooperation in general.
What the definition of assets?
An asset is a resource controlled by an entity (ie. the entity is entitled to the benefits or can restrict use of the asset) as a result of a passed event (ie. signing of a contract) from which future economic benefits are expected to flow to the entity to whom the asset belongs.
Can a gift of nature become a resource in the future?
it will become a resource in the future
Give a appropriate title to the save wildlife and natural vegetation?
Protect the Bay as a great natural resource for the benefit of present and future.
Is property an asset or liability?
Asset: It is a resource controlled by the entity with the future economic benefit flowing to the entity as a result of past transaction.
