This time we are looking on the crossword puzzle clue for: Asset.
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Last seen on: USA Today Crossword – Jun 23 2022
Random information on the term “Asset”:
In accounting, an economic item’s historical cost is the original nominal monetary value of that item. Historical cost accounting involves reporting assets and liabilities at their historical costs, which are not updated for changes in the items’ values. Consequently, the amounts reported for these balance sheet items often differ from their current economic or market values.
While use of historical cost measurement is criticised for its lack of timely reporting of value changes, it remains in use in most accounting systems during periods of low and high inflation and deflation. During hyperinflation, International Financial Reporting Standards (IFRS) require financial capital maintenance in units of constant purchasing power in terms of the monthly CPI as set out in IAS 29, Financial Reporting in Hyperinflationary Economies. Various adjustments to historical cost are used, many of which require the use of management judgment and may be difficult to verify. The trend in most accounting standards is towards more timely reflection of the fair or market value of some assets and liabilities, although the historical cost principle remains in use. Many accounting standards require disclosure of current values for certain assets and liabilities in the footnotes to the financial statements instead of reporting them on the balance sheet.
Random information on the term “PLUS”:
+ (pronounced “plus”) is the debut studio album by English singer-songwriter Ed Sheeran. It was released on 9 September 2011 by Asylum Records and Atlantic Records. The album is considered Sheeran’s commercial breakthrough. He previously released five EPs independently. Jake Gosling and Sheeran produced the majority of the album, with additional production by American hip hop producer No I.D.
Media interest surrounding + was heightened by its two preceding singles—”The A Team” and “You Need Me, I Don’t Need You”—which peaked at numbers three and four on the UK Singles Chart, respectively. “Lego House” was released on 11 November 2011 as the album’s third single and matched the chart success of its predecessors, peaking at number five in the UK. Three additional singles—”Drunk”, “Small Bump”, and “Give Me Love”—were released throughout the year, all charting within the top 25 of the UK Singles Chart. Worldwide, the album has sold more than 4 million copies.
The album was met with generally positive reviews from music critics. Upon release, + debuted atop of the UK Albums Chart with first-week sales exceeding 102,000 copies. The album performed well on the US Billboard 200, peaking at number five, selling 42,000 copies. The album was the highest debut for a British artist’s first studio album in the US since Susan Boyle’s I Dreamed a Dream in 2009. + is the ninth best-selling album of the 2010s in the United Kingdom.