6. What is the main reason that globalization has accelerated since the 1980s? 7
ID: 1207364 • Letter: 6
Question
6. What is the main reason that globalization has accelerated since the 1980s? 7. According to the FASB’s Master Glossary, what is the definition of fair value? 8. Also, in accordance to the Glossary; market participants are buyers and sellers in the principal market for the asset or liability that have four characteristics. What are two of those four characteristics? Accountants’ Handbook Chapter 25: 9. Fair values are estimates, and are frequently used in assessing the realizable value of assets and liabilities and indicating whether an allowance or write-down of the asset or liability might be required. 1) What is management’s responsibility? 2) What is the auditor’s responsibility? ACCT310 Week Seven Homework Concluded: Page 2 of 2 10. The income approach is a general way of determining a value indication of a business, business ownership interest, security, or intangible asset using one or more methods that convert anticipated economic benefits into a present single amount. What are the two required fundamental steps for the income approach? 11. What is another term used interchangeably with “discount rate?” 12. Analysts often employ survivor curves to assist in determining the remaining useful life of an asset. What are the names of the X and Y axis of the survivor curve?
Explanation / Answer
Multiple questions asked.
First question (Q6) is answered below.
Globalization refers to process of intergration of the world economies through trade and other exchanges.
Globalization accelerated since 1980 because of adoption of free and liberal trade policies by countries along with heavy investment in infrastrucure, which led to countries become globally integrated.Capital flows post 1981 increased manyfold, thereby accelerating globalization.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.