Answer:
Explanation:
Accounts payable is included in the current liability according to international financial reporting standards (IFRS). Although the construction loan was actually payable at year-end, if the company has both the willingness and ability to refinance with long-term debt, the $100,000 construction loan may be included at year-end in long-term liabilities. Therefore, current liabilities of $30,000 and long-term liabilities of $100,000 should be reported on the balance sheet.
The extracts of the statement of financial positions are given below:
Non-current liabilities:
Refinanced loan $100,000
Current liabilities:
Accounts payable $ 30,000
Answer:
C) Displacement
Explanation:
Based on the information provided within the question it can be said that this scenario best illustrates the use of a defense mechanism known as Displacement. In the context of psychology, this mechanism is when negative feelings are transferred from the main source towards something that the individual is less scared of, either another person or object. Which is what is happening in this scenario as each individual takes their anger out on the person their less threatened by.
Answer:
A bank run occurs when a large number of customers of a bank or other financial institution withdraw their deposits simultaneously over concerns of the bank's solvency. As more people withdraw their funds, the probability of default increases, prompting more people to withdraw their deposits.
Answer: The correct answer is <u>"d.All of these statements are true."</u>
Explanation: In order to have a certificate in public accounting, a national examination must be taken and among the multiple functions the accountants who have a certificate in public accounting are those who can be external auditors and are responsible for the reports they issue about the reliability of the financial statements of a company.
<span>In an economy that relies on barter, there is no item in the economy that is widely accepted in exchange for goods and services. Money is not used in a bartering system. Goods are exchanged for goods, and services are exchanged for services.</span>