Which type of assets should be capitalized and when expense out?

Correct Answer: Time periods you define to age your debit items Aging buckets are used in the Aging reports to see both current and outstanding debit items For example you can define an aging bucket that includes all debit items that are 1 to 30 days past due Normal table used for this Report is < 30 days 30-60 days 60-90 days 90-180 days and >180 days

Correct Answer: Capital Gains Tax on Property: 1 Short term, 2 Long term Short Term Capital Gain on property is considered as a gain from selling a property which was held by you for less than 36 months As a taxpayer, you are liable to pay tax on short term capital gain on property as per your applicable marginal income tax slab * Current Short Term Capital Gains tax rate is 30% Long Term Capital Gain When you sell your property that is owned by you for more than three years, any gain arising from such sale will be considered as long term capital gain Long term capital gain is calculated as the difference between net sales consideration and indexed cost of property * Current Long Term Capital Gains tax rate is 20%

Correct Answer: All of the above

Correct Answer: a state forces people to sell their fields for building highway

Explanation:

A legal strategy that allows a government to grab hold of private property for public use is known as eminent domain. The seizing authority must pay fair market value for the property seized.

Correct Answer: The words "asset" and "liability" are two very common words in accounting Liabilities are legally binding obligations that are payable to another person or entity Accounts payable, loans, mortgages, deferred revenue, come under liabilities

Correct Answer: Net Asset Value

Explanation:

Net asset value (NAV) is value per share of a mutual fund or an exchange-traded fund (ETF) on a specific date or time. It  is the value of an entity's assets minus the value of its liabilities, often in relation to open-end or mutual funds, since shares of such funds registered with the U.S. Securities and Exchange Commission are redeemed at their net asset value.

Correct Answer: private goods and natural monopolies

Explanation:

Goods that are excludable include both private goods and natural monopolies.

Correct Answer: Cash budget is the budget which is prepared under the finance budget It is an estimation of the expected cash receipts and cash payments during the budget period By preparing cash budget it becomes possible for the organisation to predict whether at any point of time there will be excess or shortage of cash Two main points should be remembered before preparing cash budget: Time period of the cash budget and the items to be included in the cash budget

Correct Answer: managers

Explanation:

Managerial accounting information is generally prepared for managers of an organization. It is also known as cost accounting, is the process of identifying, measuring, analyzing, interpreting, and communicating information to managers for the pursuit of an organization's goals. 

Correct Answer: In a market where the value of assets is falling, known as a bear market, traders might consider taking short positions, that is, borrowing assets they don?t own, selling them, and buying them back to return them at a later date when their price has fallen Meanwhile, those working in asset management or M&A might consider, or advise clients to consider, snapping up undervalued assets