Answer:
By retrospective application to the financial statements of all prior periods presented.
Explanation:
From the question we are informed about Volga Co. who included a foreign subsidiary in its Year 6 consolidated financial statements. The subsidiary was acquired in Year 4 and was excluded from previous consolidations. The change was caused by the elimination of foreign currency controls. Including the subsidiary in the Year 6 consolidated financial statements results in an accounting change that should be reported By retrospective application to the financial statements of all prior periods presented.
Consolidated financial statements can be regarded as financial statements of a particular group whereby equity, assets as well as liabilities and cash flows and expenses of the parent company as well as its subsidiaries are been presented in a way of single economic entity. In others words Consolidated financial statements can as well be regarded as financial statements of an organization having multiple divisions or multiple subsidiaries. Some firms often use the consolidated as regards financial statement reporting to describe aggregated reporting of business collectively.
Japan and other market-based economies enjoy economic growth, but also face greater risks due to deregulation.
As we can see some other countries which face slowing down in 2008. They also made some deregulation in the economy. Japan is a developed economy and has greater potential.
An example of deregulation would be if the authorities removed this regulation. So human beings are loose to put on or not put on the seatbelt without the chance of punishment. This additionally extends into the commercial enterprise international. For instance, the removal of the minimum wage might be an example of deregulation.
Deregulation is the elimination or reduction of government regulations in a specific enterprise. The goals are to permit industries to function as agencies more freely, make decisions efficaciously, and remove corporate restrictions.
Some argue that deregulation promotes economic increase by making it less complicated for agencies to do enterprise, growing loose-market opposition, and decreasing costs. Others point out that an excessive amount of deregulation can damage clients and their surroundings. Rules for agencies exist at each degree of the presidency.
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Around 12 then they send a letter home
Answer:
6.816%
Explanation:
The real rate of return is nominal rate of return less inflation rate
(1 + nominal rate ) = (1 + real rate ) x (1 + inflation rate)
= 1.097 = real rate x 1.027 = 1.06816 - 1 = 0.06816 = 6.816%
I hope my answer helps you
Answer:
Vera Incorporated
Change in annual operating income from discontinued business:
Annual Operating Income would reduce by $78,000.
Explanation:
a) Calculation of the Net Income Lost:
Loss of Contribution ($99,000)
Avoidable fixed cost $21,000
Reduction of Income ($78,000)
b) The line of purses contributes $80,000 towards the company's fixed cost. Therefore, discontinuing this line of business would lead to the loss of this steam of income. The amount of reduced operating income will be $78,000 ($80,000 - 2,000).
