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Nuetrik [128]
3 years ago
12

German companies do not recognize the profit until the project is completely finished and they have been paid. recognize profits

before the project is finished. recognize profits when the project is initialized. do not recognize the profits until they have been formally audited
Business
1 answer:
forsale [732]3 years ago
7 0

Answer:

German companies do not recognize the profit <u>until the project is completely finished and they have been paid.</u>

Explanation:

German companies prepare their accounting balances under IFRS standards (common for all EU member countries) and German GAAP.

Under IFRS standards, revenue must be recognized when the business satisfies a performance obligation.

German GAAP is very prudent in determining profits, that is why they are only recognized once a project is completely finished and it has been completely paid.

Some specific German rules are to starting to change due to globalization, but others are still subject to legal requirements.

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The step of making a tentative plan in the troop-leading procedure usually has six steps. what is step six?
vladimir1956 [14]
Step six is to complete the plan.

The basic six steps are:
- receiving the requirements
- issuing a warning order
- making the tentative plan
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- conducting the <span>reconnaissance, and finally
</span>- completing the plan

It is also advisable to follow the 6 steps by two additional steps which are:
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5 0
3 years ago
You are preparing to park your cor and you notice that you are near a rorood crossing. You
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Answer:

Its is A

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4 0
3 years ago
Cortez Company updates its inventory records perpetually. The company's records showed a beginning inventory of $21,000, cost of
Kipish [7]

Answer:

$31,000

Explanation:

Data provided

Cost of goods sold = $29,000

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4 0
3 years ago
You invest in various broadly diversified internatioWhich emerging country had the highest percentage growth in market capitaliz
GaryK [48]

Answer:

Columbia; Foreign exchange risk

Explanation:

Foreign exchange risk otherwise known as FX risk or currency risk refers to losses that affects the rate of returns on international investments as a result of currency instability of fluctuations. This is because the US dollar is stronger than most currency and there is little to no fluctuation of the currency which doesn't give a cause for concern on investments.

Columbia has the highest pecentage growth amongst emerging countries in 2000-2011 because of its political stability, investment friendly policies as well a sustained growth rate over the years that have attracted lots of investors.

Cheers.

7 0
3 years ago
Which of the following conditions would most likely permit a monopolist to continue earning economic profits even in the long ru
velikii [3]

Answer:

<u>Question 1. </u>

Significant barriers to entry.

<u>Question 2.</u>

A formal collusive arrangement among firms.

<u>Explanation:</u>

Question 1.

It is only when there are restrictions to entering a market that a monopolistic firm will continue to earn economic profit in the long run. That is, <em>if it continues to be the only firm (without competitors) offering products or services.</em>

Question 2.

Remember, a cartel is a <em>unanimous agreement</em> (or formal collusive arrangement) by a group of firms to regulate supply and prices of products in it's industry.

6 0
4 years ago
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