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3 years ago

The FASB and IASB are attempting to resolve the differences between U.S. GAAP and IFRS using a process known as

1 answer:

8 0

The answer for this question is: Convergence
Convergence is a form of action that will transform a certain difference between two parties into one uniformity.
This step is really important so the accountant that operates all around the world will have the same standard to conduct in handling their financial operations.

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In general, firms should use their weighted average cost of capital (WACC) to evaluate capital budgeting projects because most p

Elodia [21]

Answer:

b. false

Explanation:

Generally, this statement is incorrect because the company should be viewed as an ongoing company and the use of debt (or equity) to fund a given project will change the capital structure and this factor should determine the cost of capital on all projects on the target capital structure. "Prague Ekt financing "may be used and in particular the status of the project will be considered. It is a very specific situation, however, it" usually "is not.

8 0

3 years ago

When Elizabeth was asked to be the after-dinner speaker for the senior honors dinner, she responded with great enthusiasm. She v

Helga [31]

D. To entertain. Elizabeth wants to help them enjoy themselves and also wants them to reflect on the past years

3 0

3 years ago

A bank has $8,000 in deposits and $6,000 in loans. it has loaned out all it can given the reserve requirement. it follows that t

True [87]

<span>The reserve requirement, which is also referred to as the cash reserve ratio, is 25 percent. This is calculated by subtracting the $6,000 loaned out from the bank's $8,000 in deposits, yielding a reserve of $2,000. The reserve requirement is calculated by dividing $2,000 by $8,000.</span>

4 0

3 years ago

is year, Amy purchased a personal residence at a cost of $1,000,000. She borrowed $800,000 secured by the home to make the purch

Irina18 [472]

Answer:

Deductible Interest is $11,250

Explanation:

Compute at the amount of $750,000 the interest Amy could deduct as follows:

Since the interest on loan secured by home could be deduct on the first $750,000 borrowing amount. Hence,

Deductible Interest = Interest Paid × ($750,000 / Loan Secured by income)

Deductible Interest = $12,000 × ($750,000 / $800,000)

Deductible Interest = $11,250

Hence, the Amy could deduct interest on borrowing $11,250

3 0

3 years ago

Concord Corporation had 807000 shares of common stock outstanding at December 31, 2021. In addition, it had 150000 stock options

Radda [10]

Answer:

846,000 shares

Explanation:

According to the scenario, computation of the given data are as follows:

Outstanding common stock = 807,000 shares

Outstanding option stock = 150,000

option price = $37

Market price of common stock = $50

So, 150,000 - (150,000 × $37 ÷ 50)

= 150,000 - 111,000

= 39,000

So, Number of shares = 807,000 + 39,000

= 846,000 shares

7 0

3 years ago