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nadya68 [22]
3 years ago
15

Two foreign companies want to trade shares of their stock on u.s. stock exchanges. one company follows ifrs but the other compan

y does not. if the fasb changes an accounting standard for gaap, how will this affect each foreign company?
Business
1 answer:
Svetach [21]3 years ago
3 0

Answer;

-A foreign company that wants to have their shares traded on U.S. stock exchanges who uses accounting practices that comply with IFRS

Explanation;

Financial Accounting Standards Board (FASB) is the primary accounting standard-setting body in the United States. Generally accepted accounting principles (GAAP) is a set of accounting standards that have substantial authoritative support and which guide accounting professionals.

-FASB goal is to provide leadership for public companies in establishing and improving the accounting methods used to prepare financial statements. The FASB has the authority to set, but not enforce, accounting standards. Enforcement falls under the jurisdiction of the SEC. The FASB takes recommendations from the SEC and the AIPA when devising or improving standards; however, it is not required to.

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On December 31, 2012, Albacore Company had 300,000 shares of common stock issued and outstanding. Albacore issued a 10% stock di
slamgirl [31]

Answer:

Option (D) 327,000

Explanation:

Data provided in the question:

Shares of common stock issued and outstanding = 300,000

Stock dividend issued = 10%

Shares of common stock reacquired as treasury stock = 12,000

Duration from June 30, 2013 to September 30, 2013 = 3 months

= 0.25 years

Now,

Appropriate number of shares to be used in the basic earnings per share computation for 2013 will be

= [ 300,000 × ( 1 + 0.10 ) ] - [ 12,000 × 0.25 ]

= 330,000 - 3,000

= 327,000

Hence,

Option (D) 327,000

6 0
3 years ago
A computer manufacturer has a basic model, a business model and a premium model, each with a variety of options. They each have
Annette [7]

Answer: Price lining

Explanation: Price lining can be defined as a situation in which the goods are categorized as per the basis of their quality. Price lining is done by business entities with the goal of achieving larger customer base which will further result in higher profits.

In the given case, the manufacturer is offering three types of models in market each having different price as per its quality. Thus, we can conclude that the given example is a case of price lining.

6 0
3 years ago
A company uses return on investment (ROI) to measure the performance of its business units. The company manufactures and distrib
valina [46]

Answer: Decrease

Explanation:

What makes return on investment fantastic is when production and sales is on a steady increase, as production increases and sales follow there after, there would be an increase in return on investment because the increase in sales would make room for expansion giving the business more profit, but in the scenario where raw materials are not promising, there would be a decrease in production overtime and which would also lead to a decrease in return on investment.

5 0
2 years ago
What is the area of a triangle base 20ft and the hight of 14ft​
kakasveta [241]

The Area Of The Triangle Is

140

4 0
3 years ago
The company's net income (loss) for the year was $11,000 and its cash dividends were $4,000. It did not sell or retire any prope
tia_tia [17]

Answer:

151,000

Explanation:

48,000+18000+40,000+52,000-11,000+4,000

=66,000+40,000+52,000-11,000+4,000

=106,000+52,000-11,000+4,000

=158,000-11,000+4,000

=147,000+4,000

6 0
3 years ago
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