Networking is the most effective search method for finding job leads. T F

All of the following statements regarding accounting treatments for liabilities under U.S. GAAP and IFRS are true except:_______

mihalych1998 [28]

Answer:

A) Accounting for bonds and notes under US GAAP and IFRS is similar.

Explanation:

US GAAP and IFRS do not have the same accounting guideline for bond issue cost:

Under US GAAP, bonds payable is recorded at face value while premiums or discounts are recorded separately. While under IFRS, bonds payable is recorded using the carrying value, and amortization or premiums or discounts is done by using the effective-interest method.

5 0

3 years ago

Radiant Industries sales budget shows quarterly sales for the next year as follows: Quarter 1dash15 comma 000; Quarter 2dash13

Artemon [7]

Answer:

Total= 13,800 units

Explanation:

Giving the following information:

Quarter 1: 15,000 units

Quarter 2: 13,000

Quarter 3: 17,000

Company policy is to have a target finished-goods inventory at the end of each quarter equal to 20 % of the next quarter's sales.

2nd Quarter production:

Sales= 13,000

Ending balance= 17,000*0.20= 3,400

Beginning balance= 13,000*0.2= (2,600)

Total= 13,800 units

7 0

3 years ago

A social club charters a bus at a cost of $560 to take a group of members on an excursion to Atlantic City. At the last minute,

ANEK [815]

Answer:

40 persons

Explanation:

Given:

Total cost of trip = $560

Number of people Decide not to go = 5 people

raise cost = $2

Assume:

Number of people wants to go = a

Cost per person = b

So, a x b = $560 , b= 560/a

After people decided not to go ,

Total number of people = (a-5)

New cost = (b+2)

So , total cost = (a-5)(b+2) = $560

ab +2a -5b -10 = 560 , where ab = $560

2a -5b = 10

By putthing value of b

2a - 5 (560/a) = 10

2a - (2800 / a) = 10

2a² - 2800 = 10a

2a² -10a - 2800 = 0

a= 40

Total 40 persons wants to go.

3 0

3 years ago

On July 1, 2018, Tremen Corporation acquired 40% of the shares of Delany Company. Tremen paid $3,000,000 for the investment, and

MakcuM [25]

Answer:

Net income from July 1 to 31 December 2018 750,000

Less; Dividend paid ($180,000 x 2) 360,000

Net income after dividend 390,000

Tremen's share of net income = 40% x $390,000 = $156,000

Tremen's Total investment = $3,000,000 + $156,000 = $3,156,000

The correct answer is D

Explanation:

In this regard, we will determine the net income for 6 months (July 1 to December 31), which is $1,500,000 divided by 2. Then, we will derive the dividend paid for the remaining 2 quarters of the year, which is $180,000 multiplied by 2. We will deduct the dividend paid for the remaining two quarters from the net income for 6 months. Thereafter, we will multiply the net income after dividend by 40%, which is Tremen's stake in the company. Finally, we will add Tremen's share of net income to his initial investment of $3,000,000.

8 0

3 years ago

It takes courage to kill a project, but sometimes you know it has to be done. Some common symptoms of a failing project are ill-

stellarik [79]

Solution :

a). There are several methodologies for the projects that are followed by the different companies. The successful of any project depends upon the far sightedness of the project manager and the ability of him to the execute the project in a proper order. One of the key factors that makes a project complete is the behavior of the people.

The vendors incur some excessive or some unnecessary costs to the project of they are not properly managed. The duty of the project manager is to foresee the scope of change if there is any.

If there were some additional cost and additional time for the completion of the project, then it means that it will delay the benefits of the project to others and hence attracts lower return of investments. Even though everything went according to the papers or the book, there is a lack of dedication on the project manager who believed and trusted the vendor too much.

b). A manager needs complete and clear information for an effective decision making. In any project, surprises gives a lesser amount of time and also less information related tot he project to resolve any issues that occurs at any time. It also disappoints the management that leads to spur of moment decision. So, 'Never surprise he Boss' makes a complete sentence.

c). The major factor why the project failed is the changed in the scope. The objectives are poorly cited and the timelines went overhead including the cost of the project. Too much trust of the project manager on the vendor also lead to the schedule and the quality issues.

4 0

3 years ago