Author Question: Control redundancy addresses whether too many control plans are directed toward the same control ... (Read 209 times)

amal

  • Hero Member
  • *****
  • Posts: 572
Control redundancy addresses whether too many control plans are directed toward the same control goal.
  Indicate whether the statement is true or false

Question 2

What are natural resources? Give some examples. How are they accounted for?
 
  What will be an ideal response?



bdobbins

  • Sr. Member
  • ****
  • Posts: 326
Answer to Question 1

T

Answer to Question 2

Natural resources are assets that come from the earth, such as timber, water, and minerals. Natural resources are recorded in the accounting system at cost and then depleted as they are consumed using the activity method. Depletion expense affects the income statement by decreasing net income. When natural resources are acquired for cash, the purchase is reported as an investing cash outflow on the statement of cash flows.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

For a complete list of videos, visit our video library