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Andre45 [30]
3 years ago
15

Indicate whether the above items should be disclosed (A) in the summary of significant accounting policies note, (B) in a separa

te disclosure note, or (C) on the face of the balance sheet.
Business
1 answer:
Drupady [299]3 years ago
6 0

Answer:

(A) in the summary of significant accounting policies.

Explanation:

It has the company's financial statements and also describes the key policies that are being followed by the accounting department. This policy summary is mandated by the accounting framework like IFRS or GAAP.

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Last week Paul, CEO of Quality Furniture in South Carolina, traveled to Europe to visit customers. While overseas, Paul checked
kaheart [24]

Answer:

the global village

Explanation:

Global village is a term used to describe how communication between parties that are far apart is done as a result of interconnectivity and advanced media technology.

An individual does not need to travel from New York for example for a meeting, rather meetings can now be done online.

In this scenario Paul checked his e-mail daily and showed his company's website to customers, explaining how the website will help them place orders and receive merchandise more quickly.

He was able to work with his office and the customers he visited through the use of media.

This shrinking of time and space by use of media is referred to as the global village.

4 0
4 years ago
The CEO from headquarters has just arrived. You make some opening comments and she replies, "I'm glad to be here. I look forward
ddd [48]

Answer:  Incongruent communication

                                           

Explanation: In simple words, incongruent communication refers to the type of communication in which the non verbal actions of the communicator does not match with what exactly he or she is conveying verbally.

    Such kind of message confuses the receiving end party as how he or she should understand and accept the message.

In the given case, the CEO has been making statement that she is willing to talk to everybody which depicts that she has a lot of time but at the same situation she is looking at her watch which show she has some deadline.

   Hence we can conclude that the given case depicts Incongruent communication.

5 0
3 years ago
When a financial institution makes a real estate loan to a home buyer, the transaction takes place: - When the buyer proves his
serg [7]

Answer:

When the buyer proves his creditworthiness

Explanation:

In simple words, the creditworthiness refers to the ability of a borrower to pay back the loan to the lender at the specified time and interest. While taking loan form a financial institution the home buyer first have to prove that he or she is able to pay back the loan taken.

Thus, from the above we can conclude that the correct option is A.

6 0
3 years ago
What is latin america's "informal sector", and how does it serve as a barometer for its economy? in your discussion please provi
Grace [21]

The informal sector (also known as informal or "grey" <em>economy</em>) is not taxed or monitored by the government and is made up of people who are self employed. The informal sector can be large or small depending on the country, and is hard to measure. The contributions of the informal sector are not calculated into a country's GDP.

8 0
4 years ago
Cala Manufacturing purchases land for $451,000 as part of its plans to build a new plant. The company pays $31,900 to tear down
kaheart [24]

Answer:

                                                                        Debit            Credit    

Property plant and equipment (Plant)   $1,965,166

               Cash                                                                  $1,965,166

Being the cost of construction of plant building

Explanation:

<em>According to International Accounting Standards (IAS) 16, property plants and equipment, the cost of land includes all of the cost necessary to bring and make it ready for the intended use. </em>

The total cost of the plant = 451,000 + 31,900 + 47,156 + 1,349,900 + 85210

= $1,965,166

The journal entry

                                                                        Debit          Credit    

Property plant and equipment (Plant)   $1,965,166

               Cash                                                                   $1,965,166

<em>Being the cost of construction of plant building</em>

5 0
3 years ago
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