Answer:
Option D. Under US GAAP provision refers to a liability whose amount or timing is uncertain.
Explanation:
Option A is correct because both the US GAAP and the IFRS has the same definition of the revenue which is the income from the core operation of the company and trade receivables are the receivables arising due to the core operations of the company which is same in the both cases.
Option B is also correct because the criteria for the recognition of assets that also applies to receivables is same.
Option C is correct because realization principle under GAAP and IFRS is the same which says that the revenue must only be recognized once the consideration agreed has been delivered by the organization.
Option D is incorrect statement because the under US GAAP, provisions are the liability whose amount and timings can be estimated easily.
Option E is correct because the US GAAP specifically focuses on the industry wide differences and encourages implementation of their set rules as they are more reliable than IFRS in such conditions. However IFRS has eliminated these discrepancies now so these are equally reliable as US GAAP.
Answer:
d. social support.
Explanation:
Social support -
It refers to the practice of holding up the people , in order to encourage and motivate the people abou certain task or work , is referred to as social support .
In a company or business , the employees are supported by the rest of the employees in order to encourage the employees to excel in their work , and work for the betterment of the company .
The method is very helpful for fresh and new employees .
Hence , from the given scenario of the question ,
The correct answer is social support .
B. Investment
Hope this helps. :)
Answer:
A favorable balance of trade; occurs when the value of a country's exports exceeds that of its imports. An unfavorable balance of trade; occurs when the value of a country's imports exceeds that of its exports.
Explanation:
Answer: increase; decrease
Explanation:
Assuming that both curves are of the same steepness, when the demand increases slightly, it will shift slightly to the right which will increase prices. However, should the supply significantly reduce, it would shift the Supply Curve significantly to the left. The new Equilibrium will see a higher price and a lower Quantity.
Explaining it in the real world. If people are now demanding more of a good but at the same time the number of goods reduced, that would cause a price increase because too many people are chasing too few goods. Also, the Supply decreased which translates to a lower Quantity produced.
If however, both supply has decreased by the same rate demand increased, the price would go up but the effect on the quantity of the good will be uncertain.