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bezimeni [28]
3 years ago
11

Harmonization of accounting standards:_______. A. Is the same as convergence of accounting standards.B. Always ensure resulting

of comparable financial statements internationally.C. Forces accounting difference to be resolved through litigation.D. Refers to the reduction of alternatives while retaining a high degree of flexibility in accounting practices.
Business
1 answer:
astraxan [27]3 years ago
4 0

Answer:

A. Is the same as convergence of accounting standards

Explanation:

Harmonization of accounting standards mean the process of increasing the compatibility of accounting practices by setting bounds for the degree of variations.

The notion of harmonization can be replaced by the concept of convergence.

Harmonization of international accounting standards is an imposition of standards by economically superior countries.

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Janet wants to calculate the real growth rate for the US between 2010 and 2011. She has the follow information: real GDP in 2010
Zina [86]

Answer:

The answer is 3.3%

Explanation:

Percentage growth rate is

New figure - Old figure /old figure x 100%

Real GDP in 2011 is $15.5 trillion

Real GDP in 2010 is $15 trillion

So we have $15.5 - $15/$15 x 100%

$0.5/$15 x 100%

0.033 x 100%

3.3% is the growth rate between 2011 and 2010.

Alternatively, new figure - old figure - 1

$15.5/15 - 1

1.033 - 1

0.033

Expressed as a percentage

0.033 x 100%

3.3%

8 0
3 years ago
Orioles Company bought Special Products Division in 2017 and appropriately recorded $741,000 of goodwill related to the purchase
goldfiish [28.3K]

Answer:

No goodwill impairment should be recognized by Orioles in 2018

Explanation:

Data provided in the question:

Goodwill related to the purchase = $741,000

Fair value of Special Products Division = $5,600,000

Goodwill existing on December 31, 2018 = $595,000

Now,

Here, the fair value of division including the goodwill i.e $5,600,000 is lower than the fair value of division excluding the goodwill i.e $595,000

Hence,

There will be impairment loss

Hence,

No goodwill impairment should be recognized by Orioles in 2018

4 0
3 years ago
Two of the concerns that a producer of goods, would face with a greater number of channel levels are ________ and greater channe
garik1379 [7]

Answer:

Less control

Explanation:

Two of the problems that a product consumer will encounter with more channel rates are less power and more difficulty in the system.

  • Clearly, increasing the sophistication of human control systems would be more appropriate if they had greater control of their surroundings, as this would render life and reproduction simpler for them.

Therefore, evolution by natural selection will tend to increase regulation, and thus internal variability.

4 0
3 years ago
Debby’s Dance Studios is considering the purchase of new sound equipment that will enhance the popularity of its aerobics dancin
Inessa05 [86]

Answer:

Cash Flow        Probability          Expected value

$3,840                    0.4                   $1,536

$5,280                    0.2                    $1,056

$8,110                      0.3                    $2,433

<u>$10,370                   0.1                    $1,307</u>

total                           1                    $6,332

a) the expected value of each yearly cash flow is $6,332

b) the present value of the expected cash flows = $6,332 x 3.5172 (PV annuity factor, 13%, 5 periods) = $22,270.91 ≈ $22,271

the NPV = -$24,500 + $22,271 = -$2,229

c) Debby should not buy the equipment since the project's NPV is negative.

4 0
3 years ago
A person strongly feels that going into debt is wrong. This is an example of the influence of:
Nataly [62]

A person powerfully feels that go off into debt is incorrect. This is an instance of the powerfulness of marketing and advertising.

<h3>What is marketing and advertising?</h3>

Marketing is defined as the process of discovering a consumer's needs and selecting some effective mode to communicate those demands.

Advertising is the practice of marketing a business concern and its products or services through pay off channels. To put it another way, advertising is a part of marketing.

Marketing and advertising aggressively convinces everyone that going into debt is a bad idea.

Therefore, option C is correct.

Learn more about the marketing, refer to:

brainly.com/question/13414268

#SPJ1

5 0
2 years ago
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