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3 years ago

Regarding convergence of accounting standards, the FASB and IASB:

Business

1 answer:

Ahat [919]3 years ago

6 0

Answer:

D. Are not likely to achieve full convergence of accounting standards in the near future.

Explanation:

FASB and IASB has joined hands to work together and achieve full convergence. This agreement was signed in 2002, but yet the full convergence has not been achieved. Though both the organisations are still working on the same.

They have not combined their organizations as to form a single organization and work on BUSY format, thus, statement A is not correct.

As they intend to work together statement C is also not correct.

As full convergence is not yet done, Statement B is also not correct.

Accordingly, Statement D is correct.

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A machine that cost $225,000 has an estimated residual value of $15,000 and an estimated useful life of 15,000 machine hours. Th

algol [13]

Answer:

$57,000

Explanation:

Step 1 : Depreciation Rate

Depreciation Rate = (Cost - Residual Value) ÷ Estimated Production

therefore,

Depreciation Rate = $14.00 per machine hour

Step 2 : Depreciation expenses

Depreciation expense = Depreciation Rate x Annual production

therefore

Year 1 = $42,000

Year 2 = $56,000

Year 3 = $70,000

Total = $168,000

Step 3 : Book Value

Book Value = Cost - Accumulated Depreciation

= $225,000 - $168,000

= $57,000

Conclusion :

book value at the end of year 3 is $57,000

8 0

3 years ago

Choosing to go to college over getting a job right out of high school is an example of a(n) _____.

AfilCa [17]

Answer: go to the national college this is what it is called NCCS

Explanation:

6 0

3 years ago

4. What are the main political and economic risks that ABB must deal with given that it has a strong focus on entering emerging

Yuki888 [10]

The main political and economic risks which ABB must deal with given that it has a strong focus on entering emerging economies is:

The stability of the national government

According to the given question, we are asked to state the main political and economic risks which ABB must deal with given that it has a strong focus on entering emerging economies.

As a result of this, we can see that when a company or an organisation wants to do business in a new and emerging economy in a county, the major political and economic risks which they have to consider is the stability of the national government so that their business would not be suddenly affected by government policies or wars.

Read more about national government here:

brainly.com/question/9261004

5 0

2 years ago

Suppose that the demand curve for compact disks is given by P = 600 – Q and that the supply curve is given by P = 0.5 Q, where Q

otez555 [7]

Answer: -0.5

Explanation:

From the information given,

Demand curve = P = 600 – Q

Supply curve = P = 0.5Q

Equilibrium = Qd = Qs

Therefore, 600 - Q = 0.5Q

600 = Q + 0.5Q

600 = 1.5Q

Q = 600/1.5

Q = 400

Since P = 600 - Q

P = 600 - 400

P = 200

Price elasticity will be:

= (dQ/dP) × (P/Q)

=(-1) × (200/400).

= -1 × 0.5

= -0.5

The price elasticity is -0.5

7 0

3 years ago

Suzanna was recently promoted to manager and is ready to start her first project with her new team. In order to develop trust an

ki77a [65]

After being recently promoted as a project manager for a new project with a new team, Suzanna must develop trust and establish the work rules by the way of interacting personally with her new team members.

<h3>Who is a project manager?</h3>

A person who is engaged or involved in planning, allocating and finishing a project for an organization, which is a part of the organizational goals, such a person is known as a project manager.

Hence, the significance of a project manager is aforementioned.

Learn more about a project manager here:

brainly.com/question/15610382

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5 0

2 years ago