It’s is definitely b and c
Answer:
Option D. Under US GAAP provision refers to a liability whose amount or timing is uncertain.
Explanation:
Option A is correct because both the US GAAP and the IFRS has the same definition of the revenue which is the income from the core operation of the company and trade receivables are the receivables arising due to the core operations of the company which is same in the both cases.
Option B is also correct because the criteria for the recognition of assets that also applies to receivables is same.
Option C is correct because realization principle under GAAP and IFRS is the same which says that the revenue must only be recognized once the consideration agreed has been delivered by the organization.
Option D is incorrect statement because the under US GAAP, provisions are the liability whose amount and timings can be estimated easily.
Option E is correct because the US GAAP specifically focuses on the industry wide differences and encourages implementation of their set rules as they are more reliable than IFRS in such conditions. However IFRS has eliminated these discrepancies now so these are equally reliable as US GAAP.
Answer:
A stockholder or a shareholder are individuals or companies that has a share in a profit organization. They purchase their shares and can earn in return by receiving dividends if the profit is good or by selling their shares to the company or to a co-stockholder.
Answer:
Distribution.
Explanation:
Distribution is the process by which the goods and services that are supplied by the seller is delivered to the consumer.
George's is involved in the following processes thus performs a distribution function: transportation of metal components, preformed plastic, etc. used to manufacture the systems as well as the efficient movement of the finished systems from the manufacturing facility to the warehouse to distribution trucks.
Distribution channels are constantly made more efficient to speed up productivity and improve customer satisfaction.
Answer:
132.25 days
Explanation:
average days in inventory is an activity ratio.
Activity ratios calculates the efficiency of performing daily tasks.
average days in inventory = number of days in a period / inventory turnover
inventory turnover = cost of goods sold / average inventory = 138,000 / 50,000 = 2.76
Assuming a 365 day period , 365 / 2.76 = 132.25