Answer:
D. Management
Explanation:
External users of accounting information are people outside an organisation that makes use of accounting information. They include : A. Internal Revenue Service agent
B. Creditors
C. Customers
Internal users of accounting information are people within an organisation that makes use of accounting information. They include:
A. Management
B. Owners
C. Employees
I hope my answer helps you
Answer:
The question is not comprehensive.
Explanation:
Send the image of the question.
Answer:
It is not a valid agreement as it has to be in writing the no of widgits per month and cost of widgit.
Explanation:
Widgit is liable to Midgit if only if there exists a written agreement regarding quantity and price per month. If there is one, then Widgit is liable to Midgit for breking the agreement.
Answer:
The government agency is providing basic and/or essential services that further deepen the interests of members of the public
Explanation:
The assertion that a firm with a monopoly power loses it freedom of contract is very true. Monopolies by its realities come with features that ultimately cater for the interests of the firm, instead of the consumers. One of these is charging an astronomical high price on a particular item of commodity, and not taking cognizance of the purchasing power of the public. A firm could to this, and ultimately get away because its the only delivering such services - the one with the enormous monopoly power. Here, there is no stiff competition among goods that may offer liberty of choices to ordinary consumers.
To mitigate these numerous power of monopolies, governmental body has been giving the power to regulate and maintain an oversight functions. They now determine the provisions of contracts. The main objective of government agency, thus, is to ensure a firm with a monopoly power considers the basic and essential interests of the members of the public - the end users. Here, members of the public are insulated from unnecesary exploitation by the monopolies.
Answer: e. None of the above.
Explanation:
Under IFRS, leonard will not recognize this either gain or depreciation as the transfer has taken place. But when Green Corporation sells the equipment then it will have to consider the potential which was generated in respect to the transfer with leonard.
