Question
Which of the following is an example of a non-monetary
item that would not be recorded in the financial statements under the Money Measurement Concept?Solution
Goodwill is an intangible asset that represents the value of a company’s brand, reputation, and customer relationships. Goodwill is not a physical asset, and its value cannot be easily measured in monetary terms. Therefore, under the Money Measurement Concept in Accounting, goodwill is considered a non-monetary item that would not be recorded in the financial statements.
Two resources are said to be substitutes when the change in the price of one leads to a change in demand for another which leads to:
It is the tendency of some crops to absorb and accumulate nutrients far in excess of their actual needs if it is present in sufficiently large quantiti...
…………………………means the crop producing capacity of a soil which is measured in terms of yield (bio-mass).
...The main purpose of blanching vegetables before freezing is to
The toxin produced by Bacillus thuringensis interferes with which part of insect body?
Which of the following State has Celebrated the 3rd edition of the annual orange festival 2023?
When fruit develops from the mere stimulus of the pollination, but without fertilization it is known as_____
At Stage II of production, the elasticity of production is
What is the diameter of clay particles
Which law states that the profit from a limited amount of variable input is maximized when that input is used in such a way that marginal return from t...
Relevant for Exams:
