Answer:
The options include:
[A] cannot implement the plan
<em>[B] can implement the plan
</em>
[C] can implement the plan only if no commissions are charged
[D] can implement the plan only if no management fee is charged
<em>[B] can implement the plan is Correct</em>
Explanation:
Because the client or consumer has been fully disclosed and he agrees that the Adviser / Representative will obtain a management fee and commissions the Advisor / Representative will be allowed to progress with the project.
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Answer:
The LCNRV basis is justified because of a decline in the selling price of the inventory item
Explanation:
The accounting standard for Inventory under IFRS IAS 2 requires that inventory be recognized at cost which includes all the cost incurred to bring the item of inventory to a state or place where the item of inventory becomes available for sale.
These costs includes cost of purchase, freight, Insurance cost during transit etc.
Subsequently, inventory is to be carried at the lower of cost or net realizable value.
This is justified where there is a decline in the selling price of inventory as it ensures that the amount stated in the books is fairly representative of the amount that may be realized from the sale of the inventory items.
Answer:
False
Explanation:
As for an individual, short term goal period does not exceed a time span of maximum 6 months.
More than that will always be considered as long term goal.
Buying a flat screen TV is short term but collecting money for that in term of 3 years is always long term as the period is more than 6 months.
Therefore, the above statement is false.
Answer:
The correct answer to the following question will be "raise prices in dollars".
Explanation:
- Forex trading refers to the acquisition as well as the sale of currency pairs predicated mostly on the relative value within each exchange rate to some other currency which is the pair. While the U.S. based global financial crisis appeared clear that it had expanded worldwide, creditors rushed back to relative dollar protection.
- Whenever a European-based international business chooses profitability to be preserved for products transported to either the United States market, the organization should increase dollar prices.
