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irakobra [83]
3 years ago
15

The structure of IASB

Business
1 answer:
Leto [7]3 years ago
4 0

IASB Structure:

1. Guardian body

2. IASB Council

3. Standard Advisory Board

4. International Financial Reporting Interpretation Committee (IFRIC)

Explanation

The International Accounting Standard Board (IASB) is an independent institution forming international financial reporting standards (IFRS). The International Accounting Standard Board was established in 1973. It aims to achieve the harmonization of accounting procedures and standards throughout the world.

Learn More:

  1. Structure IASB brainly.com/question/14009952
  2. IASB brainly.com/question/4787717

Details:

Grade: Middle School

Subject: Business

Keyword: IASB, IFRS

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answer is $1

Explanation:

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Answer:

Explanation:

The journal entries are shown below:

1.  Accumulated depreciation A/c Dr $182,000

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(Being the dispose of the machine is recorded)

2. Cash A/c Dr $35,000

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   Loss on machine A/c Dr $33,000

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              To Machine A/c $250,000

(Being the sale of the machine is recorded)

4.  Cash A/c Dr $80,000

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3 years ago
Pina Inc. purchased land, building, and equipment from Laguna Corporation for a cash payment of $453,600. The estimated fair val
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Answer:

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Building =  $277,200

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Now the recorded amount would be

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= Land ÷ Total estimated fair value × cash payment

= $86,400 ÷  $518,400 × $453,600

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For Building:

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For Equipment:

= Equipment ÷ Total estimated fair value × cash payment

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