Answer:
The correct options are "A, C, and D".
Explanation:
- GAAP becomes regarded as a relatively 'rules-based' management framework, seems to be the accounting technique used throughout the United States
- IFRS becomes quite 'principles-based', although this would be the accounting framework used in more than 110 countries throughout the globe.
- These allow the same approach being used for international and domestic section reporting, which generate reconciliation issues.
Answer:
C. A capital expenditure.
Explanation:
This is an example of a capital expenditure as it makes significant improvements to the machines and extends the life considerably.
These types of expenses are capitalized in the balance sheets under the original asset name and the asset is revalued by the improvement cost and stated at net book value + improvement.
Revised depreciation is then calculated on this new NBV as applicable with increased life of asset.
Hope that helps.
Ethical practices means not harming the business or tarnishing the name of the business. Panera bread could speak with their competitors regarding their products or they could decrease the price of their products
Answer:
11%
Explanation:
Compounding is the method used to determine the future worth of an amount today while discounting is the method used to determine the present value of a future amount.
Both are related by
Fv = Pv(1 + r)^n
where Fv is the future amount
Pv is the present value
r = rate
n = time
As such,
18.5 = 15 (1 + r)^2
1.2333 = (1 + r)^2
1 + r = 1.11
r = 0.11
the annual percent on returns is 11%
Answer:
Money serves as a medium of exchange, as a store of value, and as a unit of account.
