All categories

3 years ago

When evaluating strategies, IFRS stands for what term?

Business

1 answer:

sleet_krkn [62]3 years ago

6 0

Answer:

C) International Financial Reporting Standards

Explanation:

The International Financial Reporting Standards are accounting standards which are recognized and issued out by the International Accounting Standards Board (I.A.S.B) and the International Financial Reporting Standard Foundation with the former being responsible for accepting or approving and issuing of standards used in accounting by accountants. These accounting standards make up a standard manner in which a company or firm's financial performance is evaluated using their financial statements which should be understandable. These accounting standards are used by firms which own shares on a public stock exchange.

You might be interested in

At the end of the current year, Accounts Receivable has a balance of $550,000; Allowance for Doubtful Accounts has a credit bala

Masteriza [31]

Answer:

Amount of Adjusting Entry for Bad Debts

Estimated uncollected Receivables $25,000.00

Less: Existing Provision $5,500.00

Adjusting Amt. for Bad Debts $19,500.00

Adjusted Balance of

Accounts Receivables $550,000.00

Allowance for Doubtful Accounts $25,000.00

Bad Debts expense $19,500.00

Net Realizable Value of Accounts Receivables

Accounts Receivables $550,000.00

Less: Allowance for Doubtful Accounts (-$25,000.00)

Net Realizable Value $525,000.00

5 0

3 years ago

During the late 70s and early 80s, the U.S. economy faced an inflationary period. The chairman of the Fed at that time, Paul Voc

Pachacha [2.7K]

Answer: Sell bonds

Explanation:

One reason there could be inflation in an economy is the high supply of money in the economy. With a high supply, people would have more money and so would demand more goods and services which would take the prices of those goods and services up thereby causing demand pull inflation.

If the Fed wants to reduce this inflation, they need to reduce the amount of money in the economy. They will do this by selling bonds to the public who will then pay in cash which the Fed will then take out of circulation thereby leading to a lower money supply and theoretically, less inflation.

6 0

3 years ago

Carolina, the accountant for Duke Manufacturing, tells her friend, Jacob, who works in customer service for Duke, that she is wr

erastova [34]

Answer:

cost allocation process

Explanation:

Cost allocation process is the process of identifying and allocating cost to products. These products in which the cost are assigned are products in which they want to measure how much was spent to produce the product and the profit incurred form that product. Normally cost allocation process is based on approximations, it can only be done to be as close as possible to the incurred cost

5 0

3 years ago

The company barkbuddy decided to pursue a unique product that would allow customers to more easily find a dog to adopt. customer

AlexFokin [52]

From this description, Barkbuddy has decided its mission. Barkbuddy has decided their mission. A mission is what a company decides to focus on and their reason/purpose for existing. Barkbuddy hopes to link those who want to adopt with their forever furry friend to bring home. By setting a mission statement, Barkbuddy is more likely to stay focused on their goal and why they are in operation.

7 0

3 years ago

Taco Bell test marketed Doritos Locos Tacos for three years and developed 45 prototypes. Once the decision was made to launch th

LuckyWell [14K]

Answer:

Product development.

Explanation:

The product development stage is the initial part of a product life cycle. Market research is carried out at this stage to determine how well the product will sell in the market.

Product development stage involves the creation of a particular product from an idea and then introducing it into the market. Getting feedback about the product from test users is very important in this stage.

5 0

3 years ago

When evaluating​ strategies, IFRS stands for what​ term?

When evaluating strategies, IFRS stands for what term?