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mrs_skeptik [129]
3 years ago
10

Select all that apply GAAP and IFRS rules ______. require that the same method be used for both internal and external segment re

porting create incentives for companies to use the contribution margin format in segment reporting require segmented financial data be included in annual reports create problems in reconciling internal and external reports
Business
1 answer:
Alexxandr [17]3 years ago
4 0

Answer:

The correct options are "A, C, and D".

Explanation:

  • GAAP becomes regarded as a relatively 'rules-based' management framework, seems to be the accounting technique used throughout the United States
  • IFRS becomes quite 'principles-based', although this would be the accounting framework used in more than 110 countries throughout the globe.
  • These allow the same approach being used for international and domestic section reporting, which generate reconciliation issues.

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If new york city imposed a 50 cent tax on soft-drink beverages that contain sugar or high-fructose corn syrup, it would:_____.
Serjik [45]

If new york city imposed a 50 cent tax on soft-drink beverages that contain sugar or high-fructose corn syrup, it would decrease the demand of the soft-drink beverages.

Given that new york city imposed a 50 cent tax on soft-drink beverages that contain sugar or high-fructose corn syrup.

We are required to find the effect of 50% tax on soft-drink beverages that contain sugar or high-fructose corn syrup.

When 50% tax is imposed on soft-drink beverages then it will increase the price of soft drink beverages, which will decrease the demand of soft drink beverages because now the drink become costly for the customers to buy.

Suppose the initial price of 1 soft drink is $100.

Now tax is applied so tax would be 100*50%=50

Price after tax=100+50

=$150

Now consumers have to pay $150 for 1 drink in place of $100.

Hence if new york city imposed a 50 percent tax on soft-drink beverages that contain sugar or high-fructose corn syrup, it would decrease the demand of the soft-drink beverages.

Learn more about tax at brainly.com/question/25783927

#SPJ4

7 0
2 years ago
EB1. 
aleksandr82 [10.1K]

Answer:

$110

Explanation:

The contribution margin per unit refers to the revenue available per unit to pay for fixed costs and profits.

The formula for contribution margin is selling price per minus variable costs per unit.

, i.e., contribution margin = selling price -variable costs

=$150-$40

=$110

8 0
3 years ago
At project initiation: Select one: a. Few cost reduction opportunities exist and the cost of each change is large b. Few cost re
algol [13]

Answer:D. Many cost reduction opportunities exist and cost of reduction is low

Explanation:

Since the project has not commence the firm has lots of options to choose from and since the practical works has not started it's cheaper to substitute one method for another.

8 0
3 years ago
Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Mar. 1 Beginning invento
lakkis [162]

Answer:

Ending inventory cost= $5,556.92

Explanation:

Giving the following information:

Mar. 1 Beginning inventory 900 $ 7.26

Mar. 10 Purchase 520 7.76

Mar. 16 Purchase 452 8.36

Mar. 23 Purchase 510 9.06

Units sold= 1,760

<u>Under the FIFO (first-in, first-out) method, the ending inventory is calculated using the costs of the last units incorporated into inventory:</u>

<u></u>

Units in ending invnetory= 2,382 - 1760= 622

Ending inventory cost= 510*9.06 + 112*8.36

Ending inventory cost= $5,556.92

3 0
2 years ago
A specialized accounting book in which information is accumulated into specific categories and posted so managers can find all i
Hitman42 [59]

A specialized accounting book for accumulating and posting business transactions into specific categories is a ledger.

<h3>What is a ledger?</h3>

A ledger is a specialized accounting tool.  It can also be described as a financial book or computer program.

In the ledger, information from accounting journals is accumulated and posted into specific categories matching the type of accounts.

From the ledger, the trial balance is extracted, which forms the basis for preparing the financial statements that show an entity's financial profitability and position.

Thus, a specialized accounting book for accumulating and posting business transactions into specific categories is a ledger.

Learn more about the ledger accounts at brainly.com/question/17143087

4 0
1 year ago
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