If Abigail Can Produce 4 Portable Power Banks or 3

question 214

Multiple Choice

If Abigail can produce 4 portable power banks or 3 smartphones in a day, while Jacob can produce 1 portable power bank or 2 smart phones, then it is correct to state that

• A) Abigail has a comparative advantage in producing smartphones.
• B) Abigail has an absolute advantage in producing portable power banks but not smartphones.
• C) Jacob has a comparative advantage in smartphones.
• D) Jacob has an absolute advantage in smartphones.

Recognize the expense recognition principle for natural resources.

Understand the concept and accounting treatment of goodwill.

Familiarize with the depletion method used for natural resources.

Comprehend the legal life of copyrights and the amortization of intangible assets.