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Alex
3 years ago
11

One component of the pension liability under both U.S. GAAP and IFRS is prior service cost (or past service cost under IFRS). AB

C Company is trying to calculate the effect of PSC on their financial statements under both standards. Which of the following statements is true related to this analysis?
Business
1 answer:
Ket [755]3 years ago
4 0

Answer:

Option A is correct which states that".There is no such thing, in IASB standards, as a "contingent asset"

You might be interested in
Sunland Company collected $22400 in May of 2016 for 4 months of service which would take place from October of 2016 through Febr
kati45 [8]

Answer:

There is something wrong with this question because October to February is not four months, it's five months.

We can calculate this assuming 3 months of 2016 (October, November, December) and 2 months of 2016 (November and December).

  • 3 months of 2016 = ($22,400 / 4 months) x 3 months = $16,800
  • 2 months of 2016 = ($22,400 / 4 months) x 2 months = $11,200

No option is correct.

6 0
2 years ago
A company has a processing department with 10 stations. Because of the nature and use of three of these stations, each is consid
julsineya [31]

Answer:

CC100  has $31.25 per hour

CC11O has $250 per hour

CC120 has $62.5 per hour

CC190 has $62.5 per hour

Explanation:

The IDC rate for each department would be the department IDC allocated divided by operating hours as shown below:

CC100

IDC rate=$25,000/800=$31.25 per hour

CC110

IDC rate=$50,000/200=$250 per hour

CC120

IDC rate=$75,000/1200=$62.5 per hour

CC190

IDC rate=$100,000/1600=$62.5 per hour

Judging from the IDC rates of the departments,department CCC110 seems to have the highest IDC rate per hour,which implies that each hour is charged with $250 against the CC100 where each operating hours is just $31.25.

The higher the IDC rate in a department the higher the cost of the output of that department since the cost has to be recovered from output.

7 0
3 years ago
While doing an online search for a music venue, Darcy ran across a performance of Lady Gaga that featured her hair neatly wrappe
torisob [31]

Answer: (C) Product placement

Explanation:

 The product placement is one of the type of marketing technique in which the various types of specific products or the brands are incorporate into the other types of works for example television and the various types of films program.

The product placement is important as by using this strategy it helps in increase the sale and also increase the awareness of the brands.  

According to the given question, the marketers basically categorized into the advertising form as the product placement.  

Therefore, Option (C) is correct.  

 

3 0
3 years ago
Despite the danger to his career what did edward r. murrow, fred friendly and the staff at cbs accomplish with their truthful re
Liula [17]

Murrow had become a big superstar from his WWII reporting, so he was a big ratings asset for CBS. In reserve to See it Now, he also did a celebrity interview show called Person to Person. Both performances got high ratings by today's criteria, but Person to Someone was more popular.

<h3>How did Edward R Murrow end his broadcast?</h3>

The blitz gave Murrow the signature phrases that he used to open and close his broadcasts. He started by saying “This is London.” He completed his reports with “Goodnight and good luck.” That was a phrase Londoners used to end their discussions when they were not sure they'd be able to see each other the next day.

<h3>Who was Edward R. Murrow ?</h3>

Edward Roscoe Murrow was an American broadcast correspondent and war correspondent. He first attained prominence during World War II with a series of live radio broadcasts from Europe for the news section of CBS.

To learn more about Edward Roscoe, refer

brainly.com/question/14433468

#SPJ4

7 0
1 year ago
A loss on disposal of a plant asset is reported in the financial statements as a direct increase to the capital account on the b
luda_lava [24]

Answer:

in the Other Expenses and Losses section of the income statement.

Explanation:

Firstly, A loss on disposal of a plant asset is an expense.

therefore,

A loss on disposal of a plant asset is reported in the financial statements in the Other Expenses and Losses section of the income statement.

8 0
3 years ago
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