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shtirl [24]
3 years ago
6

Ames Company determined the following values for its inventory as of December 31: Historical Cost $200,000 Replacement Cost $160

,000 Sales Value $190,000 Cost to Complete and Sell $10,000 Normal Profit Margin $8,000 Fair Value $194,000Under IFRS, what amount should Ames report for inventory at December 31
Business
1 answer:
ser-zykov [4K]3 years ago
8 0

Answer:

Under IFRS, what amount should Ames report for inventory at December 31 at $180,000

Explanation:

Under International Financial Reporting Standards (IFRS) ,the inventory would be reported at the lower of cost and net realizable value.

The original cost of the inventory is $200,000 while its net realizable value is sales value  of $190,000 minus the cost to complete and sell of $10,000 i.e $180,000.

Ultimately ,the inventory would be reported at the NRV of $180,000

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Match each description 1 through 4 with the characteristic of preferred stock that it best describes in the dropdown next to eac
andreyandreev [35.5K]

Answer:

1. <em>Holders of the stock are entitled to receive current and all past dividends before common stockholders receive any dividends</em>  - Cumulative Shares

Holders of Cumulative Shares will always receive the dividends owed to them because even if they do not get it in a particular period, the dividends will accrue until the company is able to pay them.

2. <em>Holders of the stock can receive dividends exceeding the stated rate under certain conditions  - </em>Participating Shares

Participating Shareholders are eligible to receive an extra dividend provided that there is surplus profit after all the other dividends have been paid off.

<em>3. Holders of the stock are not entitled to receive dividends in excess of the stated rate.  - </em>Non- Participating Shares

Even if there are surplus profits after all other dividends have been paid off, these holders are not entitled to that profit.

<em>4. Holders of the stock lose any dividends that are not declared in the current year - </em>Non- Cumulative Shares

If their dividend is not declared in a certain period, they will forfeit that dividend for the period.

7 0
3 years ago
Scenario: Fiscal Policy Consider the economy of Arcadia. Its households spend 75% of increases in their income. There are no tax
nika2105 [10]

Answer:

less than the government spending multiplier

Explanation:

Given :

Percentage spends  by a households for the increase in the income = 75%

So the mpc = 0.75

Potential output = 600 billion arcs

The government multiplier is = $\frac{1}{1-0.75}$

                                                $=\frac{1}{0.25}$

                                                = 4

The tax multiplier is = $\frac{c}{1-c}$

                                 $=\frac{0.75}{0.25}$

                                 = 3

Thus we see that the tax multiplier is less than the government spending multiplier.

7 0
3 years ago
If a firm's know-how, skills, and capabilities can be protected by contract, and if tight control over foreign operations is not
Aleks04 [339]

Answer:

The correct answer is Licensing.

Explanation:

A business license allows the owner the right to start and develop a particular type of business in the city, county, state or country where it is granted. It is a type of permit that implies that the company has the backing of the government to operate. Government agencies can fine or close a business that operates without a license, so you should find out if having a license is part of your process to start your business, not everyone requires a license.

Depending on the type of business you have, you may need a local, county, state or federal license or none. Where your company is located will determine what type of license you need and where to obtain it.

8 0
3 years ago
Question 56 of 75. Louise is a 29-year-old taxpayer who will use the head of household filing status. Her 2020 modified adjusted
Andre45 [30]

Considering the situation described above, the maximum amount Louise may receive for the retirement savings contributions credit (Saver's Credit) is "<u>$150</u>."

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Therefore, Louise has only contributed $1,500 to her employer's 401(k) plan. Consequently, she can only receive 10%, which is "<u>$150</u>."

Hence, in this case, it is concluded that the correct answer is "<u>$150</u>."

Learn more about Savers credit here: brainly.com/question/25767045

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Answer and Explanation:

1. Compensating differentials: Riley works a less risky job and is therefore paid less than his twin Rowland who drives Chemicals to and fro and is considered to do a more risky make job

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5.Talent/ability:Bernice has a natural talent and ability

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