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nikitadnepr [17]
3 years ago
7

All of the following statements related to preparation of the statement of cash flows under U.S. GAAP and IFRS are true except:

Multiple Choice Both U.S. GAAP and IFRS permit the reporting of cash flows from operating activities using either the direct or indirect method. IFRS permits classification of interest expense under operating or financing activities provided it is consistently applied across periods. IFRS permits the splitting of income tax cash flows among operating, investing, and financing depending on the sources of that tax. U.S. GAAP requires cash outflows for income tax be classified as operating activities. IFRS permits classification of cash outflows for interest expense under operating or financing based on which one results in better cash flows from operating activities.
Business
1 answer:
iVinArrow [24]3 years ago
6 0

Answer: IFRS permits the classification of cash outflows for interest expense under operating or financing based on which one results in better cash flows from operating activities.

Explanation: The cash flow statement includes only inflows and outflows of cash and cash equivalents; it excludes transactions that do not directly affect cash receipts and payments. These non-cash transactions include depreciation or write-offs on bad debts or credit losses to name a few.

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C

Explanation:

According to the Consider This box about hypothetical countries Slogo, Sumgo, and Speedo, small differences in economic growth rates make for large differences in real GDP per capita over several decades, assuming the same growth of population for each country.

For small countries ( less population and same growth of population over the years) even small growth rates makes a large change in  real GDP per capita over the years.

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. Assume a home buyer puts 20% down on a $250,000 house and uses a mortgage to borrow the rest. What will the amount of the mort
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true or false: the profit margin is the financial gain from a sale after the costs of providing the sold product have been deduc
kotykmax [81]

The profit margin is the financial gain from a sale after the costs of providing the sold product have been deducted. Thus, the statement is true.

<h3>What is the profit margin?</h3>

Profit margin is the portion of sales that a company keeps after all costs are subtracted. It essentially displays the percentage of each dollar of sales that is kept as profit. A 15% profit margin, for instance, means that a company keeps $0.15 from every dollar of sales produced.

Comparing the firm's operations to those of a best-in-class company, maybe in a different industry, is another way to increase your profit margin. This comparison could point out several operational tweaks that could be done to raise profit margins.

Learn more about profit margin, here:

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6 0
11 months ago
Emerging markets are _______. Question 1 options: A. developing economies where goods and services are directly exchanged for ot
sergey [27]

Answer:

C. low-income countries characterized by limited industrialization and stagnant economies

Explanation:

Emerging markets are economies of developing countries. They are traditional economies based on the export of raw material and subsistence agriculture. Emerging markets are trying to move away from these types of economies by investing in manufacturing and adopting mixed economy models.  Emerging markets are transitioning from low income and less developed to industrialized economies with higher standards of living.

Lower than average per capita income characterizes emerging markets. They also experience moderate economic growth compared to the developed economy.  However,  emerging markets are presenting investors with an opportunity for high returns due to their rapid growth.  

6 0
3 years ago
4.You can buy a machine for $100,000 that will produce a net income, after operating expenses, of $10,000 per year. If you plan
Anon25 [30]

Answer:

$124,966.9

Explanation:

The computation of the market or resale value is shown below:

$100,000 = $10,000 ÷ (1.15^1) + $10,000 ÷ (1.15^2) + $10,000 ÷ (1.15^3) + $10,000 ÷ (1.15^4) + Resale value  ÷ (1.15^4)

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Resale value ÷1.749006 = $71,450.22

So, the resale value is  = $124,966.9

We simply applied the present value formula

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2 years ago
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