Answer:
Events require footnote disclosure, but not adjustment to financial statements.
Explanation:
A balance sheet is the statement of the financial position of a business at a particular period in time. So in this scenario if the balance sheet has already been prepared and bankruptcy occurred suddenly because of a natural disaster 10 days after Zero’s balance sheet date but 1 month before the issuance of the financial statements and the auditor’s report.
This requires a disclosure of the event after the balance sheet date. The event is a subsequent occurence and as such does not affect the balance sheet report.
The exception is when a subsequent event provides additional evidence of financial position as at the balance sheet date.
This is not the case here so only disclosure will be made.
Answer: revisit information
Explanation:
Answer:
a. increased use of credit and debit cards and online shopping by consumers
Explanation:
The IMC stands for Integrated marketing strategies in which the focus of the company to promote more and more products in social websites in order to maximize the company sales
The direct marketing could be done via various modes like - television, social sites, print media, etc
Now the major factor i.e contributed to the growth of IMC because of excessive use of cards i.e debit card and credit card for online shopping or for any other purpose
Answer: E) Both answers B and D are correct.
Explanation:
Inflation using the Consumer Price Index is calculated by;
= (CPI in current year - CPI in previous year) / CPI in previous year
Year 2 Inflation = (100 - 90) / 90
= 11%
Year 3 Inflation = (110 - 100) / 100
= 10%
