1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
The accounting cycle starts with a.closing out the periodic accounts. b.recording the transaction based on the information in a
saul85 [17]

Answer:

letter b, recording the transaction based on the information in a source document

Explanation:

The "Accounting Cycle" follows a series of steps in order to assist the accounting transactions of a company or business. It starts with the "Transaction step" <em>(the first step</em>) where<u> </u><u><em>the source documents have to be examined in order to analyzed transactions.</em></u> This also includes the recording of the transaction in the journal.

This step is followed by <em>Posting the Entries into the Ledger Accounts, Preparing the Unadjusted Trial Balance, Adjusting the Journal Entries, Preparing the Adjusted Trial Balance, Recording Reversing Entries, Preparing Post-Closing Trial Balance, Record Closing of Entries and Preparing Financial Statements.</em>

6 0
3 years ago
Every year, General Mills issues a report discussing how the firm has performed against its own standards of conscious marketing
goblinko [34]

Answer:

The correct answer is letter "D": control.

Explanation:

The control phase of the marketing planning process involves comparing the activities that the advertising team has developed with the expected set of actions established. This phase is important to identify if the firm as a whole is meeting the desired performance or if there are adjustments necessary to be made.

7 0
3 years ago
________ is the process of distributing indirect costs to products. cost allocation job cost recording cost pooling cost tracing
tatuchka [14]
I believe the answer is cost allocation.
3 0
3 years ago
Read 2 more answers
There are 45 potential workers in this economy. How many people are unemployed?
damaskus [11]
Need more info to the question
3 0
3 years ago
You have been hired as a consultant by Feludi Inc.'s CFO, who wants you to help her estimate the cost of capital. You have been
Lisa [10]

Answer:

CAPM=5.6\%

Explanation:

as it is said we must apply the CAPM model, so we have:

CAPM=r_{f}+\beta (E\(r_{m})-r_{f} )

where CAPM is the capital asset pricing model, r_{f} is the risk free of the market, \beta is the relation between the market benchmark and an asset return, and E(r_{m}) is the  expected return of an asset

CAPM=0.041+1.3(0.0525-0.041)

CAPM=5.6\%

8 0
3 years ago
Other questions:
  • Assume a U.S.-based MNC is borrowing Romanian leu (ROL) at an interest rate of 8% for one year. Also assume that the spot rate o
    13·1 answer
  • To avoid problems at work you believe you have to adjust to tge truth a little? Agree or Disagree
    8·2 answers
  • What kinds of business transactions are NOT summarized in a sole proprietor's books? A. Credits. B. Expenses or deductions. C. G
    11·1 answer
  • Kela Corporation reports net income of $450,000 that includes depreciation expense of $70,000. Also, cash of $50,000 was borrowe
    10·1 answer
  • Each of the following is an advantage of using cash EXCEPT:
    13·2 answers
  • When you buy a U.S. government savings bond, you're doing so under the power given to Congress to
    10·1 answer
  • Please help help help
    13·1 answer
  • Which type of degree is earned after a master’s degree?
    15·2 answers
  • A registered representative has managed the account of her client for over 10 years. The client recommends her mother to the reg
    13·1 answer
  • Customers drive away after failing to find a place to park at a supermarket. The current process is _________
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!