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zvonat [6]
3 years ago
6

2.) Since 2005, publicly traded companies in the European Union have been required to use IFRS in preparing their consolidated f

inancial statements. a.) Explain the EU’s objective in requiring the use of IFRS. b.) Identify and describe 2 issues that might hamper the EU from achieving the objective underlying the use of IFRS.
Business
1 answer:
swat323 years ago
6 0

Answer:

a) The EU is trying to set a common standard so that financial statements prepared by businesses from different countries can be comparable.

b) There are several problems with IFRS being used in the EU including:

IFRS are written in English, and only the UK and Ireland are English speaking countries in the EU (and soon only Ireland will remain). That may cause certain confusion with terms that are no properly translated or mean different things in different languages.  

In many new members (former communist countries) there might not exist an adequate accounting infrastructure to carry out reforms.

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madam [21]

Answer: I think the answer is D

Explanation: Credit cards can give amounts that you put on there because the technology is connected to your bank account. It is good to have a limit to your credit card or otherwise you overspend and be in overdebtness later. And also you could get ripped off and overcharged with items purchased by card.

3 0
2 years ago
Northern Gas recently paid a $2.80 annual dividend on its common stock. This dividend increases at an average rate of 3.8 percen
MAXImum [283]

Answer:

14.6%

Explanation:

we can use the Gordon growth  model to determine the market rate of return (or required rate of return for this stock or similar ones):

current stock price = dividend / (required rate of return - growth rate)

  • current stock price = $26.91
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$26.91 = $2.9064 / (RRR - 3.8%)

RRR - 3.8% = $2.9064 / $26.91 = 10.8%

RRR = 10.8% + 3.8% = 14.6%

7 0
3 years ago
Read 2 more answers
An article in the New Yorker magazine states, "the main burden of trade-related job losses and wage declines has fallen on middl
laiz [17]

Answer:

Option E.

Explanation:

In free trade, a country with a comparative advantage in a good produces that good in the long-term. Therefore, if these people are working in an industry in which it has a higher opportunity cost i.e. it does not have a comparative advantage; they will eventually see job loss or fall in income or both. On other hand, when they purchase goods which has lower opportunity costs in foreign, they get access to these at a lower price and can purchase a higher quantity. So, these people are both harmed and benefitted by free trade.

6 0
3 years ago
Question 7 points)
Luba_88 [7]

Hi

I believe you forgot coal because that's the answer. I took the test. Good Luck!

3 0
3 years ago
The basic logic behind the Rational Rule for Sellers is that a company owner should increase output as long as the extra output
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According to the logic behind the Rational Rule for Sellers, a company owner should increase output when the extra output D. adds more to revenue than it adds to costs.

According to the Rational Rule for Sellers, a seller should only choose the output level where the marginal cost is equal to the marginal revenue.

It should be noted that the owner of a company should increase output when the extra output adds more to revenue than it adds to costs. This is vital in order to increase the revenue and profit of the firm.

Read related link on:

brainly.com/question/25670500

5 0
3 years ago
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