Answer:
The correct answer is Option B.
Explanation:
Based on IAS 10 Events after the Reporting Period, subsequent events can be an adjusting event or non-adjusting event. If it is an adjusting event, it means an event after the reporting date before the audited financial statements are signed that provides further evidence of conditions that existed at the reporting date. However, non-adjusting events are events after the reporting date that are indicative of a condition that arose after the reporting date, this requires disclosure in the financial statements while for adjusting events, the financial statements are adjusted for condition that arose after the reporting date.
The declaration of the customer as bankrupt is an adjusting event since it affects the receivable collection, hence the need to adjust it as uncollectible,
Answer:
Option (A) is correct.
Explanation:
Investment spending curve refers to the curve shows various combination of real interest rate and the equilibrium output. There is a negative relationship between the real interest rate and output which means that an increase in the real interest rate will reduce the output of an economy and if there is a fall in the real interest rate then as a result there is an increase in the output.
Answer:
Ending inventory= $144,150
Explanation:
Giving the following information:
Beginning inventory consisted of 7200 units that cost $14.00 each.
Purchase:
3000 units at $15.00 each
12,200 units at $15.50 each.
Vaughn also sold 13,100 units during the month.
<u>To calculate the ending inventory using the FIFO (first-in, first-out) method, we need to use the cost of the lasts units incorporated into inventory:</u>
Ending inventory= 9,300*15.5
Ending inventory= $144,150
A decrease in the discount rate increases bank reserves and increase the money supply if banks respond appropriately to the change in the rate.
<h3>What is discount rate?</h3>
Dscount rate serves as the rate of interest that the central bank charges on its loans and advances to a commercial bank.
Therefore, when there is increase in discount rate, there will be increase in money supply.
Learn more about discount rate at;
brainly.com/question/7459025
The most important benefits of using virtual reality in business training is that its let the trainees undergo at similar experience that they will encounter in real world.
<h3>What is a Virtual Reality?</h3>
A Virtual Reality refers to a simulated experience that are very similar from the real world.
In conclusion, the most important benefits of using virtual reality in business training is that its let the trainees undergo at similar experience that they will encounter in real world
Read more about Virtual Reality
<em>brainly.com/question/26597344</em>
