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hichkok12 [17]
3 years ago
11

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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Answer: Benjamin Franklin did not have cars during his time good sir...

Explanation:

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3 years ago
Hyundai achieved the status of being the 6th largest automobile producer in the world by 2005 and a major competitor to gm, ford
Novay_Z [31]
Hyundai's success has been attributed to their AGGRESSIVE GOAL SETTING. The articles that review the success of the Hyundai company believed that the success of the company is due to many factors which include: internal transfer of experienced staff, focusing on localized production, the codification of previous experience and aggressive goal setting. 
6 0
4 years ago
Brady corp. is considering the purchase of a piece of equipment that costs $20,000. projected net annual cash flows over the pro
katovenus [111]

Answer:

B

Explanation:

Payback period is the total time it takes an organization to recover the initial capital incurred in acquiring an asset.

It is expressed in years and fraction of years.

Initial investment    20,000

Year 1                                                 3000               17000

Year 2                                                 8000               9000

Year 3                                                 15,000

9000/15000= 0.6 years

The payback period = 2.6 years

5 0
3 years ago
Eileen transfers property worth $200,000, basis of $60,000, to Goldfinch Corporation. In return, she receives 82% of the stock i
erica [24]

Answer:

C. $20,000

Explanation:

Given the data below,

Property transfered = $200,000

Basis = $60,000

Return = 82℅

Fair market value = $180,000

Long term fair market value = $20,000

In the above scenario, we can safely say that Eileen realized gain of $140,000 on the transfer of property, which is due to;

Property worth $200,000 - basis $60,000 = $140,000.

However, because recognized gain cannot exceed the lesser of realized gain ($140,000) or the boot received ($20,000), the recognized gain is therefore $20,000

3 0
3 years ago
Sam, an engineer, supervises the construction of a new bridge. When the bridge collapses due to faulty construction, Sam is sued
aleksandr82 [10.1K]

Answer: Other Engineers.

Explanation:

Sam is held responsible for the bridge collapse based on his role as the engineer in charge of the project. As an engineer care has to be taken in making accurate calculations and design to ensure there are no accidents or failure as a result of poor design.

3 0
4 years ago
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