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LiRa [457]
3 years ago
14

Balance sheets prepared under IFRS: Multiple Choice must list assets, but not liabilities in order of liquidity. may list assets

and liabilities from least liquid to most liquid. must list liabilities, but not assets, from most to least liquid. must list assets and liabilities from least liquid to most liquid.
Business
2 answers:
antiseptic1488 [7]3 years ago
6 0

Answer:

The correct answer is letter "B": may list assets and liabilities from least liquid to most liquid.

Explanation:

The International Financial Reporting Standard or IFRS is the set of international accounting standards issued by the International Accounting Standards Board (IASB) that establishes the requirements for recognizing, measuring, presenting, and informing economic transactions and events that affect a company and reflect its Financial Statements.

<em>Under the IFRS, assets are usually reported in reverse order of liquidity, meaning the least liquid assets are recorded first but the most liquid asset can be presented at first as well.</em>

GrogVix [38]3 years ago
5 0

Answer:

May list assets and liabilities from least liquid to most liquid.

Explanation:

According to International Financial Reporting Standards IFRS the companies may list their available assets and liabilities in descending order of most liquid to least liquid. It enables the users financial statements to easily assess the time assets will take to be converted into cash. Therefore cash is considered as most liquid and is first item to be presented on the Balance sheet of the company under current assets account.

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Fleet Delivery Corporation is a public company with a market capitalization of less than $75 million. Fleet is poised to issue s
kondor19780726 [428]

Answer:

This enables Fleet to reduce costs of regulatory compliance in relation to the security issue

Explanation:

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5 0
3 years ago
Common stocks have less security than ______________ stock, but it also has greater potential for reward.
Yuri [45]

Your answer is, Preferred.

<h3><u>What is a Preferred Stock</u></h3>

Preferred stock is a component of share capital that may have any combination of features not possessed by common stock, including properties of both an equity and a debt instrument, and is generally considered a hybrid instrument.

<h3><u>Impact of a Preferred Stock</u></h3>

Companies that offer preferred shares instead of issuing bonds can accomplish a lower debt-to-equity ratio. That allows them to gain significantly more future financing from new investors. A company's debt-to-equity ratio is one of the most common metrics used to analyze the financial stability of a business.

<h3><u>The 5 types of Preferred Stock</u></h3>
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Thus, <u>option c</u> is your answer.

Learn more about a Preferred Stock here: brainly.com/question/18068539

6 0
3 years ago
Under the direct write-off method of accounting for uncollectible accounts Group of answer choices
Temka [501]

Answer:

b.a specific account receivable is decreased for the actual amount of bad debt at the time of write-off.

Explanation:

The journal entry to record the bad debt expense using the write - off method is shown below:

Bad debt expense XXXXX

       To Account receivable XXXXX

(Being the bad debt expense is recorded)

So by passing this journal entry we get to know that the bad debt expense should be debited which reflects the actual amount as it increases the expenses while at the same time it reduces the asset account i.e account receivable

Hence, the correct option is b.  

7 0
3 years ago
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