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La NIC 2 define los inventarios como activos que son: mantenidos para la venta en el curso normal del negocio, en el proceso de producción para dicha venta, o. en forma de materiales o insumos para ser consumidos en el proceso de producción o prestación de servicios.
It is a false statement that the existence of financial middlemen and financial intermediaries increases the efficiency of the financial market
<h3>Who are financial intermediaries?</h3>
This refers to those entities that acts as the middleman between two parties in a financial transaction such as a commercial bank, investment bank, mutual fund, or pension fund. They offer a number of benefits to the average consumer such as safety, liquidity, and economies of scale involved in banking and asset management.
However, It is a false statement that the existence of financial middlemen and financial intermediaries increases the efficiency of the financial market because only the buyers and seller influence an efficiency of the financial market.
Read more about financial intermediaries
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The answer is tuition fees, room and board, books, supplies and other expenses.
Answer:
The legislature's action is an example of: Revoking common law by new statutory law
Explanation:
First of all, we need to understand what is the difference between a common-law and statutory law.
<u>Common-law: </u>This is based on decisions made previously at court, they have judicial precedent, so when there are similar cases the judges base their decision on these precedents.
<u>Statutory law:</u> This is a formal type of law, given it passed the house of parliament or Congress. The statutory laws are written and they regulate the behavior of citizens. There are many examples of statutory laws: tax laws, traffic regulations, etc.
According to the definitions above, the statutory law is stronger than a common law because the statutory law can modify the common law, just as in the provided example:<em> The legislature, following the court ruling, passes a statute saying hair color is not covered by anti-discrimination laws.</em>
Despite the common law is based on prior decisions taken at court (precedents), these are not approved by the parliament or congress, unlike the statutory law.
Process accounting's solution for nonuniform manufacturing inputs is: calculate equivalent units for each category of manufacturing output.
Process costing, process accounting, is used in cost accounting. This is known for collecting and assigning manufacturing costs to the good produced. Process costing is used to get each item down to the same cost per produced good and in large sums.
