Answer:
Dr Retained earnings $8.2
Cr Inventory $8.2
Explanation:
By changing method of an inventory valuation, the company should apply it retrospectively based on IAS 8 guidelines on change in accounting estimates and errors. Thus, the said difference from FIFO method to Weighted Average method of valuation should be credited directly against Retained earnings account because, accounts are already closed right after the year ended.
$32-$23.8= $8.2 million
To record the said adjustment you have to
Debit Retained earnings and credit Inventory in the amount of $8.2 million.
In the context of the different techniques used by an inference engine to manipulate a series of rules, <u>forward chaining</u> refers to a series of "if-then-else" condition pairs.
<h3>What is an inference engine? </h3>
An inference engine is a part of the system that applies logical rules to the knowledge base to deduce new information. The first inference engines were components of expert systems.
Therefore, the correct answer is forward chaining.
learn more about forward chaining: brainly.com/question/15303791
#SPJ12
Options for this question include:
a. Tripled
b. Remained the same
c. Doubled
d. Declined
___________________________________________________________
World trade has been on the rise in the past decade and as a result, the dollar value of world trade has c. Doubled.
Thanks to more integration, less restrictive government policy, a rise in population and standards of living, world trade has increase over the past couple of decades such that:
- Trade in goods has risen from $10 trillion in 2005 to $18.8 trillion in 2019
- Trade in services has risen from $2.5 trillion in 2005 to $6 trillion in 2019
When looking at the trade of goods, one can see that trade has almost doubled and in the case of services, close to triple.
We can therefore conclude that world trade has doubled in the past decade.
<em>Find out more at brainly.com/question/14276199.</em>
Answer:
A.Land $100,000
Building 400,000
B.Land $100,000
Building 395,292
Explanation:
a. Logan's adjusted basis at acquisition date will be the cost of the land and that of the building which is:
Land $100,000
Building 400,000
b. What will be Logan adjusted basis at the end of 2017 :
Land will be: $100,000
Building will be :395,292
($400,000 − $4,708)
Thus the Depreciation is a capital recovery.
Answer:
(C). Encourage team members to socialize online by sharing photos and videos. Reach out to people from cultures where proactively sharing ideas is not valued.
Explanation:
In putting together an international team of people from different cultures, <u>it is important to note that the various national cultures with which they have been interacting for some time will have shaped how they communicate</u> and view situations.
<em>Some cultures value group work, togetherness and sharing ideas over other cultures which prefer individualism.</em>
Therefore as the group leader or manager, it is important to recognize the cultural characteristics of each group member, and encourage them to socialize and share useful information with the group.
