Answer:
1. Historical cost VIOLATION
2. Disclosure principle VIOLATION
3. Matching VIOLATION
4. Historical cost VIOLATION
5. Matching VIOLATION
6. Matching principle VIOLATION
Explanation:
1 &4. Note here that standard accounting procedures mandates that transactions should be recorded precisely in their historical context with no such adjustments.
2. This is a disclosure violation probably done by the company to reduce taxes on its assets which is prohibited by accounting law.
3 &5 & 6. Both transactions represents a matching violation in which transactions are mismatched or adjusted deliberately leading to inaccurate financial account status.
It is a negative current asset therefore has a CR balance
Answer:
Explanation:
From the question; in regard with the material requirements plan MRP for the item Z; we have the following constructed table:
Item Z 1 2 3 4 5 6 7
Gross 120
<u>Requirement </u>
<u>On-hand = 40 </u>
<u> Schedule reciept </u>
<u>Balance 40 40 40 40 40 40 - </u>
<u>Net requirement 80 </u>
Planned Order
<u>Receipt 80 </u>
Planned Order
<u>Release 80 </u>
Following the material requirements plan (MPR) for A.
Item A 1 2 3 4 5 6 7
Gross 160
<u>Requirement </u>
<u>On-hand = 70 </u>
<u> Schedule reciept </u>
<u>Balance 70 70 70 70 </u>
<u>Net requirement 80 </u>
Planned Order
<u>Receipt 90 </u>
Planned Order
<u>Release 90 </u>
Following the material requirements plan (MPR) for B.
Item B 1 2 3 4 5 6 7
Gross 320
<u>Requirement </u>
<u>On-hand = 100 </u>
<u> Schedule reciept </u>
<u>Balance 100 100 100 100 </u>
<u>Net requirement 220 </u>
Planned Order
<u>Receipt 220 </u>
Planned Order
<u>Release 220 </u>
Following the material requirements plan (MPR) for component C; we have:
Item C 1 2 3 4 5 6 7
Gross 440 270
<u>Requirement </u>
<u>On-hand = 30 </u>
<u> Schedule reciept 20 </u>
<u>Balance 50 50 </u>
<u>Net requirement 390 270 </u>
Planned Order
<u>Receipt 390 270 </u>
Planned Order
<u>Release 390 270 </u>
Answer:
MERCOSUR may have made trade more difficult.
Explanation:
It is a trade divergence due to numerous reasons. It influences nations outside the association since they can't offer to those nations as effectively. The idea was to make a worker's union that would enable every nation to get off their feet and strengthen one another. Yet, it winded up harming one another and different nations for the reasons that it made the trade even more difficult than it was before. So, the impacts of MERCOSUR on firms operation are negative; it made trade more difficult, especially with other countries.