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How is the constraint of industry practices reflected in the FASB Codification?
The unique features of a particular industry may necessitate a departure from typical practices. For example, most public utility companies will report non-current assets before current assets on their balance sheet to reflect the highly capitalized nature of their industry.
What is the difference between current assets vs total assets?
Current assets are those assets which is usable in current fiscal year while total assets includes assets other then current assets like long term assets as formula showTotal assets = current assets + fixed assets
What is difference between personal assets and company assets?
Personal assets is assets that are owned by a person. Company assets are assets that are own by the company.
Are intangible assets included in current assets?
Intangible Assets are not included in current assets. They are usually listed under Other Assets.
What is the difference between tangible assets and intangible assets?
We can feel tangible asset,where as we cannot feel intangible asset
Can utility companies require spouse pay outstanding bill if spouse is deceased?
Yes, if the spouse is living in the home or benefited from the utility use. The assets of the estate have to be used to clear all debts before anything can be distributed. That includes utility bills and credit card debts.
Can a trunk line gas company easement be sold by owner?
Utility companies change names, merge, split, sell their assets to a new company, etc. The easements they own are assets that can be transferred to whatever new entity services that area.
How is the constraint of industry practices reflected in the FASB Codification?
The unique features of a particular industry may necessitate a departure from typical practices. For example, most public utility companies will report non-current assets before current assets on their balance sheet to reflect the highly capitalized nature of their industry.
What are three types of utility in economics?
form utility time utility place utility
What are the Different types of utilities created by intermediaries?
There are Six Utilities: Form Utility, Time Utility, Place Utility, Possession Utility, Information Utility, and Service Utility.
What are some economic utilities created by business activities?
Form Utility, Place Utility, Time Utility, Possession Utility, and Information Utility.
Which economic utility is not classified as a marketing utility?
form utility.
What are the four most essential utility programs?
1 defragmenting utility 2 anti-virus utility 3 time utility 4 date utility 5 copying utility
What is the difference between current assets vs total assets?
Current assets are those assets which is usable in current fiscal year while total assets includes assets other then current assets like long term assets as formula showTotal assets = current assets + fixed assets
What is difference between personal assets and company assets?
Personal assets is assets that are owned by a person. Company assets are assets that are own by the company.
When total utility is at its maximum where is marginal utility?
marginal utility is zero
When total utility increases marginal utility is?
marginal utility decreases
