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yKpoI14uk [10]
3 years ago
14

Inventories are defined by IFRS as held-for-sale a. in the ordinary course of business. b. in the process of production for sale

in the ordinary course of business. c. in the form of materials or supplies to be consumed in the production process or in the providing of services. d. all of these answer choices are correct.
Business
1 answer:
Shtirlitz [24]3 years ago
4 0

Answer:

d. all of these answer choices are correct.

Explanation:

As per international financial reporting standard (IFRS), the term "inventory" is defined as assets

  • which are held for sale in the ordinary course of business
  • which are in the process of production for sale
  • in the form of materials or supplies which would be consumed in the production process.

Thus, as per the given information, all of the alternatives provided, comprise of the definition of "inventory".

As per the rules, inventories are to be recorded at cost price or net realizable value whichever is lower.

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The difference between errors in the financial statemetns as compared to fraud is
Nataly [62]
Hello there!

There is quite a HUGE difference between these both. When being frauded or making a fraud, this would also be known as stealing money.

But when making a mistake in a statement, they can be things resolved faster than if a person were to steal money. When making this mistake, you could resolve this by explaining why this was a mistake and also what could you do to fix it as well.

Both of these kind of acts are seriously two major different things, they have nothing in common.

4 0
3 years ago
Richard had always run individual, unrelated advertisements for his business. Now, however, he is creating a series of promotion
tia_tia [17]

Answer:

A promotional campaign

Explanation:

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6 0
4 years ago
ASSSSSAAAAAAAAAAPPPPPP!!!!!!!!!!!!!
lisov135 [29]

<u>Answer:</u>

<em>B2B marketers promote their products directly to final consumers. Business demand increases.</em>

<u>Explanation:</u>

Marketing business-to-business (B2B) is different from marketing business-to-consumer (B2C). Although you still are selling a product to a person, experience shows that the difference between these two types of markets runs deep. B2B clients often need to prove a return-on-investment for their purchase.

8 0
3 years ago
The annual premium for a ​$15 comma 000 insurance policy against the theft of a painting is ​$300. If the​ (empirical) probabili
Korvikt [17]

Answer:

-$150

Explanation:

The computation of the expected return from the insurance company is shown below:

= Annual premium × probability of the stolen painting - 1 × theft of painting

= $15,000 × 0.01 - 1 × $300

= $150 - $300

= -$150

By multiplying annual premium with the probability of the stolen painting  and then substracted theft of painting so that we can get to know the expected return and the same is to be considered

8 0
4 years ago
On January 1 of the current year, Barton Corporation issued 11% bonds with a face value of $105,000. The bonds are sold for $99,
Aleonysh [2.5K]

Answer:

b.$12,600

The bond effective interest expense for the year ended December 31  is $12,600

Explanation:

We need to get the computation of the discount value of the bond using the straight-line method first and Interest Earned

Discount Value= (Face Value - Sales Value) / Years

D.V= $105,000 - $99,750 / 5

D.V= $1,050 Per year

Interest Expenses= Face Value * Bond issued

=$105,000 * 11%

=$11,550

We need to Compute the interest expense of the bond as well

Bond Interest Expenses = Interest Expense + Discount Value

=$11,550 + $1,050

=$12,600

The bond effective interest expense for the year ended December 31  is $12,600

3 0
4 years ago
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