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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"

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a. Retailer

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Retailer is "a business or person that sells goods to the consumer, as opposed to a wholesaler or supplier, who normally sell their goods to another business "

Reference: WebFinance. “Read the Full Definition.” BusinessDictionary.com, 2019

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3 years ago
When firms purchase new capital we call this _____
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Answer:

Business fixed investment

Explanation:

The <u><em>purchase by firms of new capital goods</em></u> such as machinery, factories, and office buildings. (Remember that for the purposes of calculating GDP, long-lived capital goods are treated as final goods rather than as intermediate goods.) Firms buy capital goods to increase their capacity to produce.

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Four Muddy Paws uses the concept of<u> "speed-to-market"</u> to maintain it competitive lead.

The term "Speed to market" alludes to the measure of time it takes for an association to dispatch an item or administrations and make it accessible to the client. It represents time taken by the association to take a shot at the item or administration from Idea, Design, Prototype, Test, Develop, Manufacture and dispatch for the end clients.

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3 years ago
What happens when a country's money loses its function as a store value?
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No one is able to get any profit
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If a department that uses process costing starts the reporting period with 100,000 physical units that were 20% complete with re
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Answer:

The correct answer is True

Explanation:

In calculating the equivalent units with respect to labor,the physical units at the start of the period is multiplied by the percentage of completion.

In other words, the equivalent units is shown thus:

Equivalent units =100000 units*20%

Equivalent units =20000 units

This implies that labor has carried  out 20% of the work required to transform the 100000 units into finished products,since only 20% work is completed, the remaining 80% is expected in the next period.

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