Acompany has purchased a tract of land and expects to build a production plant on the land in approximately 5 years. during the 5 years before construction, the land will be idle. under ifrs, the land should be reported as: (a) land expense.(b) property, plant, and equipment.(c) an intangible asset.(d) a long-term investment.
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Ответ:
Under IFRS, the land should be reported as a long-term investment .
Option d
Explanation:
Land is always considered as an asset which is used for the company's manufacturing process. The land can be classified as the investment and it may not be used in the process of operation of the company.
Since it is not used for the operation it is classified as a long term investment not as a long term asset. So according to the IRFS that is International Financial Reporting Standards the land owned by the company must be declared as a long term investment .
Ответ:
a. If the P-value is smaller than the significance level, the null hypothesis is rejected.
b. Pooled proportion = 0.8
c. z = 2.7
d. As the P-value (0.0072) is smaller than the significance level (0.05), the null hypothesis is rejected.
There is enough evidence to support the claim that the proportions differ significantly.
Step-by-step explanation:
This is a hypothesis test for the difference between proportions.
We will use the P-value approach, so the decision rule is that if the P-value is lower than the significance level, the null hypothesis is rejected.
The claim is that the proportions differ significantly.
Then, the null and alternative hypothesis are:
The significance level is 0.05.
The sample 1, of size n1=200 has a proportion of p1=0.85.
The sample 2, of size n2=150 has a proportion of p2=0.7333.
The difference between proportions is (p1-p2)=0.1167.
The pooled proportion, needed to calculate the standard error, is:
The estimated standard error of the difference between means is computed using the formula:
Then, we can calculate the z-statistic as:
This test is a two-tailed test, so the P-value for this test is calculated as (using a z-table):
As the P-value (0.0072) is smaller than the significance level (0.05), the effect is significant.
The null hypothesis is rejected.
There is enough evidence to support the claim that the proportions differ significantly.