An asset is impaired when the asset's carrying value is: select one: a. greater than the sum of discounted expected cash flows b. less than the sum of discounted expected cash flows c. less than the sum of undiscounted expected cash flows d. greater than the sum of undiscounted expected cash flows e. none of the above

D) Greater than the sum of undiscounted expected cash flows

Explanation:

An impaired asset is the asset of the company whose value is listed more in the company's balance sheet than the value in the market price. Long term assets are such form of asset. When the impaired asset is adjusted, the loss is placed under the income statement of the company.

answer; ///i believe the answer is (d) procedures to control the quailty of your product;

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know