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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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Answer:

<em>An inferior good</em>

<em></em>

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<em>An inferior good is a good whose demand decreases with consumer's increase in income</em>. John's increase in pay, that came with his promotion, triggered John to switch to driving everywhere he goes instead of riding the bus. This is because John feels that riding the bus is no longer fit for him, now that he could readily afford driving around in the stead of taking the cheaper bus ride.

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Answer:

a. containerization

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snow_lady [41]

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Andreyy89
The correct answer to the question is 5th Amendment. The requirement that only voluntary confessions be admitted grows out of the 5th Amendment. The 5th amendment states that: <span>"No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a grand jury, except in cases arising in the land or naval forces, or in the militia, when in actual service in time of war or public danger."</span>
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This is science ฅ^•ﻌ•^ฅ
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\color{red}{==========================}

\sf\huge\underline\red{ANSWER}

Is the sun a star?

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\color{red}{==========================}

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