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3 years ago

Which of the following is not an example of IFRS simplified for SMEs?

Business

1 answer:

Ludmilka [50]3 years ago

6 0

Answer:

b. all development cost are expensed as incurred

You might be interested in

The process of creating new or improved goods and services or developing better ways to produce or provide them is called ______

julsineya [31]

This is called intervention

7 0

3 years ago

A high-definition tv costs a company $3,300 to manufacture. if it sells for $6,732, what is the percent markup based on cost? (r

Anastaziya [24]

<span>The cost of TV to the company = $3300 Selling price of TV = $6732 Hence Markup = 6732-3300 = $3432 Percentage Markup =3432/3300 x 100 =104% Hence percentage markup cost = 104%</span>

6 0

3 years ago

Wexpro, Inc., produces several products from processing 1 ton of clypton, a rare mineral. Material and processing costs total $5

arlik [135]

Answer:

The financial advantage of processing further = $17,800

Explanation:

1. Sale value if processed further = 8,300 x 13 = $107,900

Sale value if processed further = 8,300 x 10 = $83,000

Incremental revenue = Sale value if processed further - Sale value if processed further = $107,900 - $83,000

Incremental revenue = $24,900

Cost of further processing = $7,100

Incremental profit (loss) = Incremental revenue - Cost of further processing

Incremental profit (loss) = $24,900 - $7,100 = $17,800

Therefore, the financial advantage of processing further = $17,800

3 0

4 years ago

David, an Alabama resident, files a suit in an Alabama court against QuickAds, an Internet company based in Georgia that provide

mihalych1998 [28]

Answer:

B. Not likely to have jurisdiction over the case is the correct answer.

Explanation:

In the US, A state court can have jurisdiction over the case in which there is some connection to the state. The majority of civil and criminal cases are handled by the state courts. State courts apply state laws to decide cases. They are common law cases. The state's constitution and legislation's are binding on them, if the need arises they also take the federal court into account. The decisions of the lower courts can be challenged in high courts.

7 0

3 years ago

Blanchard Company manufactures a single product that sells for $190 per unit and whose total variable costs are $150 per unit. T

iVinArrow [24]

Answer:

The amounts of pretax and after-tax income can the company expect to earn from these predicted changes are $1,795,000 and $1,436,000 respectively.

Explanation:

The sales less the variable cost gives the contribution margin.

The contribution margin less the fixed cost gives the net operating income. Furthermore, net income is the difference between the total sales and the total costs (fixed and variable).

Both sales and variable cost are dependent on the number of units sold.

with these expected changes,

Pretax Income

= 40,500($205 - $145) - $635,000

= $1,795,000

After tax income

= 80% * $1,795,000

= $1,436,000

4 0

3 years ago