___________ are frequently characterized as those industrialized, or postindustrial, service-based nations that are economically advanced, with established infrastructures-roads, bridges, utilities, power supplies, communications, and other structural elements needed for the smooth operation of a society-and that have achieved high incomes per capita that support a high living standard.
Fill in the blank(s) with the appropriate word(s).
Developed economies
Developed economies are frequently characterized as those industrialized, or postindustrial, service-based nations that are economically advanced, with established infrastructures-roads, bridges, utilities, power supplies, communications, and other structural elements needed for the smooth operation of a society-and that have achieved high incomes per capita that support a high living standard.
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Which of the following statements does not properly reflect the new rules for accounting for minority equity investment securities, if fair value is not readily determinable?
A. If reported at cost, the reported value is updated when circumstances indicate the asset's value is impaired. B. If reported at cost, the reported value is to be updated when there is an observable transaction. C. If there are changes in carrying value, they are not to be reported in net income. D. Firms may opt to report at fair value or report at cost.
Which of the following is true with regard to store brands?
A) Store brands have been declining in popularity and strength for more than two decades. B) Store brands are also known as national brands. C) Store brands are created and owned by resellers of a product or service. D) Increasing consumer distrust toward store brands has led to a store-brand slump. E) Store brands are growing far slower than manufacturer's brands.
A firm makes investments to obtain productive capacity to carry out its business activities. Investing activities involve acquiring all of the following except:
a. land, buildings, and equipment. b. patents, licenses, and other contractual rights. c. common shares or bonds of other firms. d. long-term notes receivable of other firms. e. common shares or bonds of the firm.
What are two advantages of decentralization?