Answer: Arbitrator
Explanation: In simple words, arbitrator refers to an individual who is officially appointed by the court to settle dispute between two parties. Both the parties have to agree to the decision made by the arbitrator and it is legally enforceable in the court as well.
Arbitration is a mechanism during which a conflict is settled by a neutral arbitrator whose judgment has been decided or declared by the respondents to the conflict will be definitive and binding. Testing and challenges of arbitration judgments are minimal.
Arbitration is regularly used in customer and employ ability issues in some nations such as United States, in which arbitration may be required by employment terms or legal agreements which can include an exemption of the chance to bring an allegation.
IASB Structure:
1. Guardian body
2. IASB Council
3. Standard Advisory Board
4. International Financial Reporting Interpretation Committee (IFRIC)
Explanation
The International Accounting Standard Board (IASB) is an independent institution forming international financial reporting standards (IFRS). The International Accounting Standard Board was established in 1973. It aims to achieve the harmonization of accounting procedures and standards throughout the world.
Learn More:
- Structure IASB brainly.com/question/14009952
- IASB brainly.com/question/4787717
Details:
Grade: Middle School
Subject: Business
Keyword: IASB, IFRS
Answer: Option B
Explanation:
A. Explicit cost are the cost paid to others in return of their service. Hence Option A is incorrect.
B. Revenue is the total amount of earnings a company have before deducting for expenses. Hence Option B is correct.
C. Accounting profit means (Revenue - explicit cost) . Hence Option C is incorrect.
D. Economic profit means (Revenue - explicit cost - implicit cost) . Hence Option D is incorrect.
Answer:
Explanation:
In order to be able to transform the log-linear model into a linear form that can be estimated using multiple regression analysis, we will have to multiply the equation by the natural logarithm (㏑).
Q = aHᵇSˣ
㏑ Q = ㏑a + b㏑H + x㏑S
Q* = a + bH* + xS*
Answer:
Bad Debts Expense 21,550
To Allowance for Doubtful Accounts 21,550
Explanation:
Before passing the adjusting entry, first we have to determine the adjusted amount which is shown below:
= Ending balance of accounts receivable + debit balance of Allowance for Doubtful Accounts
= $21,000 + $550
= $21,550
Now the adjusting entry would be
Bad debt expense A/c Dr $21,550
To Allowance for doubtful debts $21,550
(Being estimated bad debts is recorded)
