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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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Bissell Company received the following reports of its defined benefit pension plan for the current calendar year: PBO Plan asset
ivanzaharov [21]

Answer:

$205,200

Explanation:

              Calculation of Pension Expense

Service Cost                                         $198,000

Interest cost                                          $33,000

Expected return on the plan assets    <u>($25,800)</u> (258000*10%)

Pension Expense                                  <u>$205,200</u>

So therefore, the pension expense for the year is $205,200.

4 0
3 years ago
Wildhorse Co. began the year 2022 with retained earnings of $651000. During the year, the company sold additional shares of stoc
Volgvan

Answer:

$1,800,000

Explanation:

Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.

Ending retained earnings = Beginning retained earnings + additional stock issued + net income - dividend paid

= $651000 + $1017000 + $649000 - $376000 - $141000

= $1,800,000

7 0
3 years ago
The assembly line at the ice cream production facility used to have 20 workers. It now has 10 employees and 10 robots to do the
IgorC [24]

There are different kinds of system.  The robots are an example of automation

<h3>What is Automation?</h3>

This is simply known as the making and application of technologies to create and deliver goods and services with little human hands.

The Examples of Automation are;

  • Automobile
  • Robots
  • Consumer Electronics, etc.

See full question below

The assembly line at the ice cream production facility used to have 20 workers. It now has 10 employees and 10 robots to do the job. The robots are an example of ______.

a. Big Data

b. automation

c. knowledge management

d. collaborative computing

Learn more about  assembly line from

brainly.com/question/1845393

3 0
2 years ago
Omega, Inc. sells its fitness wrist band for $100. It cost the company $62 to make the product. While Tom values the Omega wrist
dangina [55]

Answer:

B. each customer's reservation price.

Explanation:

Reservation price is the highest amount a buyer would be willing to pay for a good or service.

I hope my answer helps you

7 0
4 years ago
Read 2 more answers
Operating activities include long-term borrowing and repaying cash from lenders, and cash investments by or dividends paid to st
Phantasy [73]

Answer:

False (B)

Explanation:

Long-term borrowing & repaying cash from lenders

Long-term borrowing will be classified under financing activities as it represents capital sourced from loan investors (e.g Bondholders,Banks e.t.c). As for repaying cash from lenders, capital repayment will be classified under financing activities while interest is recognized either under operating or financing activity.

Cash investments by or dividends paid to stockholders.

Cash investment by stockholders will be categorized under financing activities while dividend paid can either be categorized as operating or financing activity.

4 0
3 years ago
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