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polet [3.4K]
3 years ago
8

For long-term contracts, the cost recovery method under IFRS requires recognizing equal amounts of revenue and cost until all co

sts are recovered.
a. True
B. False
Business
1 answer:
Sav [38]3 years ago
8 0

Answer:

The answer is letter A. TRUE

Explanation:

Because under IFRS firms tipically use the cost recovery method iif they conclude that the percentage of completion method is not appropriate to account for a long term contract.

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What happens when you do not make a decision?
DENIUS [597]
Making decisions are always an important part. But failure in making decision may cause something unexpected. in most of the time a right decision at right time helps a lot... so for making a good decision one should follow some steps- like what are the good aspect if someone take this decision and what are the negative impact of this decision and if the probability of positiveness is more... than one should take that decision.. and if someone have confusion between what to do? and have to decide which decision to take among many ideas in mind  one should do the same steps but this time he/she should write them in a page for each decision a single page and than take the one which is prominent..
4 0
3 years ago
Read 2 more answers
M1 includes more than just currency because
MariettaO [177]

Answer: Option (A) is correct.

Explanation:

Correct Option: Other assets can also be used to make transactions to buy goods and services.

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Check able deposits is one of the component of M1, other than currency with public. People can withdraw these deposits at any point of time which people generally used make transactions for buying goods and services.

6 0
3 years ago
A firm run by a rational entrepreneur would want to hold inventories.<br> True<br> False
RUDIKE [14]
True
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1. Holding Inventory avoids loss of sales
2. Holding Inventory gains quantity discount
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4 0
3 years ago
In strict liability, if a company sells a beverage in a can that has sharp edges and injures several consumers, it will be held
tiny-mole [99]
False because if it paid someone to make them then the people who made them at least knew about it. but no they are liable whether or not they knew of the problem. this is why things are recalled Is bc they found out about it.
3 0
3 years ago
Free brainliest whoever answers first
shtirl [24]

Answer:

A. Bud stands at a counter helping customers with deposits and withdrawals.

C. Thanh analyzes a customer’s application for a mortgage in a mortgage company office.

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Explanation:

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3 years ago
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