Since the economic cost is more extensive and richer than the accounting cost, we should not take account of the accounting cost in making the decision, but also consider the economic cost. Only by achieving the cost advantage in the management of explicit and implicit costs can enterprises gain...
Is rent expense a period cost or a product cost? What is the difference between book depreciation and tax depreciation? What is the difference between FIFO and LIFO? Related In-Depth Explanations Accounting Basics Accounting Equation Accounting Principles Adjusting Entries Balance Sheet Book...
Thedifferencebetweencostandequity(成本法和权益法的区别)First,thedifferencebetweenequityandcostmethodsliesmainlyinthedifferentscopeofapplicationandthedifferentmethodsofaccounting.Two,thelong-termequityinvestmentaccountingcostmethod(1)thescopeofapplicationofthecostlaw;Longtermequityinvestmententerprisesshall,accordingtothe...
What is the difference between cost and price? Author: Harold Averkamp, CPA, MBA Definition of Cost and Price In accounting, the term cost can mean the cash or cash equivalent amount a company paid to acquire an asset or the amount of an expense it incurred. A manufacturer’s product cos...
答案:Historical cost refers to the original purchase price of an asset or the original amount of a liability at the time of acquisition. Fair value, on the other hand, is the estimated amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties ...
Explain the difference between "historical cost" and "fair value" in accounting.,本题来源于会计英语线上考试题及答案
What is the difference between "cost," "price," "worth," and "value" in terms of economics and business?Cost Versus Price and Worth Versus Value:Different words are used interchangeably because people confuse their usage and meaning. Indeed, it is crucial to ...
What's the Difference Between Costs and Expenses? Regularity Cost is the amount that is paid to buy or obtain something. Cost implies a one-time event, like a purchase. The term "cost" is often used in business in the context of marketing and pricing strategies. ...
Answer to: The difference between accounting profit and economic profit is: a) explicit costs. b) implicit costs. c) total revenue. d) marginal...
A major difference between economic profit and accounting profit is that economic profit A. allows for more accurate expense accruals. B. adjusts accounting profit by depreciation. C. minimizes the impact of accounting estimates. D. reduces profits by associated cost of capital. 相关知识点: 试题...