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3 years ago

32. How many significant accounting policies are listed under its Summary of Significant Accounting Policies

Business

1 answer:

Gnom [1K]3 years ago

4 0

Answer:

There are various significant accounting policies which are governed by IFRS and GAAP framework.

Explanation:

The significant accounting policies are revenue recognition, inventories accounting cost or NRV, Property plant and equipment, goodwill recognition and others. These policies are governed by accounting frameworks such as GAAP and IFRS. Both of these frameworks have differences in accounting treatment.

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Net income for the year for Tanizaki, Inc. was $750,000, but the statement of cash flows reports that net cash provided by opera

Arturiano [62]

Answer: $755,000

Explanation:

Given that,

Net income = $750,000

Net cash by operating activities = $860,000

Capital expenditures = $75,000

Paid dividends = $30,000

Tanizaki's free cash flow = Net cash by operating activities - Capital expenditures - Paid dividends

= $860,000 - $75,000 - $30,000

= $755,000

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3 years ago

The recession of 20072009 made many consumers pessimistic about their future incomes. how does this increased pessimism affect t

Arisa [49]

The increased pessimism will affect the aggregate demand curve by: shifting the aggregate demand curve to the left.

<h3>What is Aggregate Demand Curve?</h3>

An aggregate demand curve can be described as curve that shows the total spending that is made on domestic goods and services based on different price levels.

When the aggregate demand curve shifts to the right, it means demand is increased. However, wen aggregate demand curve shifts to the left, it means demand decrease.

Recession that happened in 2007-2009 that made many consumers pessimistic about their future incomes discourages buying. This leads to a decrease in demand which will make the aggregate demand curve to shift to the left.

Therefore, the increased pessimism will affect the aggregate demand curve by: shifting the aggregate demand curve to the left.

Learn more about aggregate demand curve on:

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4 0

1 year ago

Tammy, a resident of Virginia, is considering whether to purchase a $100, 000 North Carolina bond that yields 4.6% before tax. S

Degger [83]

Answer:

A. Virginia Bond: $4,500

North Carolina Bond: $4,451

B. Virginia Bond

Explanation:

A. Calculation to Determine the after tax income for Virginia Bond

Using this formula

After tax income for Virginia Bond=Face value*Virginia bonds of comparable risk

Let plug in the formula

After tax income for Virginia Bond=$100,000*4.5%

After tax income for Virginia Bond=$4,500

Calculation to Determine the after tax income for North Carolina Bond

Interest income before tax $4,600

(100,000*4.60)

Less State marginal tax ($230)

(5%*$4,600)

Interest income net of state tax $4,370

($4,600-$230)

Add Federal marginal tax $81

(35%*230)

After tax income for Noth Caroline Bond $4,451

Therefore the the after tax income from each bond will be:

Virginia Bond: $4,500

North Carolina Bond: $4,451

B. Based on the above calculation the options that will provide the greater after-tax return to Tammy will be VIRGINIA BOND reason be that it has high After tax income of the amount of $4,500 compare to Noth Caroline Bond which has After tax income of the amount of $4,451.

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2 years ago

5. It is April 19, 2012 and you suddenly remember that your credit card bill

GrogVix [38]

Answer: Take a picture of the check and email it to the company's address.

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3 years ago

Read 2 more answers

Why is it very important to properly present the results of your analysis in a report

jek_recluse [69]

Answer:

To get a good grade.

4 0

2 years ago