Answer:70% production
Provide your answers to pick from please.
Explanation:
Answer:
Correct option is (d)
Explanation:
Creditor beneficiary is a party who is entitled to enjoy the benefits of the contract that has been put in place. They are not actively involved in the contract but are entitled to receive the benefit of contract executed by the promisor.
In this case, Erica is a third party creditor beneficiary for whom Ferris is legally obligated to perform his duties as the rules require owner to maintain the apartment which Ferris failed to oblige. So, Ferris breached contractual obligation to her.
An american retail chain started doing business in india by forming a<u> "joint venture" </u>with one of india’s leading business groups.
A Joint Venture (JV) is a helpful endeavor went into by at least two business elements with the end goal of a particular task or different business movement. The purpose behind a joint endeavor is typically some particular task.
Joint ventures can be casual (a handshake) or formal, and they can be here and now or long haul. Regularly the joint endeavor makes a different business substance, to which the proprietors contribute resources, have value, and concede to how this element might be overseen.
Answer:
Change in accounting estimate.
Explanation:
IAS-8 deals with the accounting policies, change in accounting estimates and policies. This standard deals with following changes:
- Change in reporting entity --- It is a change in reporting entity. An example of it can be preparation of consolidated financial statements.
- Change in accounting estimate --- It is a change in any of the prior estimates because the management is now exposed to more information and believe that doing so would enhance the fairness of financial statements. For example, depreciation method.
- Change in accounting principle --- It is a change from on GAAP to the more preferable one. For example, the management might decide to change its inventory cost flow assumption from FIFO to Average-costing.
- Correction of an accounting error - The correction of accounting errors like commission error and error of principle.
The standard states that these changes must be made under two methods:
- Retrospective --- When we are required to change prior year statements.
- Prospective --- Adjusting the current and future estimates.
Each change/correction is accounted for under specified method as prescribed by the accountancy regulatory body. The effect of change in reporting entity, accounting principle, and correction of an error are retrospective. It means that the prior year financial statements must be adjusted. Whereas, the change in accounting estimate has a prospective effect. It means that the current and future statements should reflect the change and not the prior ones.
Answer: b. neither the earnings nor the dividends of the investee.
Explanation:
When the cost method is used to account for a stock investment, it means that in the books, the stock is to be recorded at the price it was purchased for.
This means that even if earnings and dividends accrue on the stock, it is not to change in value but should stay being recorded at the price it cost to acquire.
