ABC Inc Is a Public Entity Which Applies the Fair Value

question 17

Multiple Choice

ABC Inc. is a public entity which applies the Fair Value Model to all of its Investment property. On January 1, Year 1, the company purchased a rental property for $1,200,000. This property was independently appraised at $1,100,000 on December 31^st, Year 1. The present value of the property's cash flows was $1,150,000 on that date. The year-end adjusting journal entry would include:

• A) a loss of $50,000.
• B) a debit to Revaluation surplus - OCI- Land for $100,000.
• C) a credit to depreciation expense of $100,000.
• D) a debit to contributed surplus of $50,000.

Comprehend the concept of fairness (interactional, procedural, and outcome) in workplace justice.

Recognize the legal aspects and exceptions of the employment-at-will doctrine.

Identify practices to retain high-demand employees in a competitive market.

Understand disciplinary procedures and the progressive discipline process in the workplace.

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Definitions:

Positive Punishment

Adding an unfavorable outcome or event following an undesired behavior to decrease the likelihood of that behavior occurring again.

Urinates

The act of discharging urine from the body.

Token Economy

A form of behavior modification designed to increase desirable behavior and decrease undesirable behavior with the use of tokens.

Chips

Thin slices of vegetables, fruits, or other foods, fried or baked until crisp, often consumed as a snack.