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Sedaia [141]
3 years ago
14

Financial statements of Kansas Ltd (Fr) for 2X13 are authorized by management and auditors on February 15, 2X13 for issuance on

February 28, 2X13. On February 20, Kansas settles as a plaintiff (payer of settlement) a 5 million Euro lawsuit. CFO of Kansas Ltd (Fr) makes a second decision regarding the presentation of the financial statements and decides this settlement does not need to be recognized in 2X13. He is:
Business
1 answer:
mrs_skeptik [129]3 years ago
7 0

Answer:

a) In compliance with the IFRS

Explanation:

Since in the question it is mentioned that The financial statement of kansas ltd would be authorized by the management and auditors as on Feb 15 fpr issuance. On Feb 20 it settled as a plaintiff a 5 million euro lawsuit. Now the CFO of the company have make the second decision regarding the financial statement presentation in which he decides not to record this settlement so here is in compliance with the IFRS

Therefore the option A is correct

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What are some reasons people dont manage their money well for the future?
Pavlova-9 [17]

People can make poor investments, fail to add to their savings, and decide to spend their money rather than saving or investing.

3 0
3 years ago
A ____________ is a strategy in which firms share some of their resources and capabilities to create economies of scope and is s
Alina [70]

Answer:

<em>c. Synergistic Strategic Alliance</em>

Explanation:

Synergistic Strategic Alliance is <em>a two-way partnership where both of them collaborate with each other and share their core competencies with one another to make their total output more than mutual individual outputs.</em>

Therefore, through synergistic actions, both companies turn their vulnerabilities into strengths and thus become more effective on the marketplace.

7 0
3 years ago
All the following are examples of start-up costs EXCEPT
Zolol [24]

Answer:

A . payroll taxes.

Explanation:

Payroll taxes are imposed on the employers or employees of the company. In the examples of the question, the costs except for the payroll taxes are all paid by the company. Besides, payroll taxes are also not taxed on the company instead of on the employees' wages, which is funded by them. That is why all the examples are start-up costs except the payroll taxes

6 0
3 years ago
Enterprises buys a warehouse for $ 570 comma 000$570,000 to use for its East Coast distribution operations. On the date of theâp
Nitella [24]

Answer:

$570,000

Explanation:

At the time of recording of the fixed assets, the fixed assets should be reported at purchase cost or historical price  or originally cost or acquiring cost, whether all other values are given i.e appraisal value, the seller purchased value, similar warehouse book value, etc

So, in the given case, it would be recorded at $570,000 as the buyer purchase the building at this cost only.  

7 0
2 years ago
Lanni Products is a start-up computer software development firm. It currently owns computer equipment worth $30,000 and has cash
Misha Larkins [42]

Answer:

A-2 Ratio of real Assets to Total Assets = 0.3

B-2 Ratio of real Assets to Total Assets= 1

C-2 Ratio of real Assets to Total Assets= 0.2

The company has low ratio at the start , increases to full when producing and then again decreases.

Explanation:

The balance sheet after Lanni accepts the Bank Loan. The cash increases and so does the liability increases.

Lanni Products

Balance Sheet

Assets                                                Liabilities & Shareholders' Equity

Cash $ 70,000                                      Bank loan $ 50,000

<u>Computers $30,000                             Shareholders' equity 50,000</u>

<u>Total $      100,000                                                           Total $ 100,000</u>

<u />

A-2 Ratio of real Assets to Total Assets

Real Assets = $ 30,000

Total Assets = $ 100,000

Ratio = 30,000/100,000 = 0.3

B-1

Lanni Products

Balance Sheet

Assets                                                Liabilities & Shareholders' Equity

Software $ 70,000                                      Bank loan $ 50,000

<u>Computers $30,000                             Shareholders' equity 50,000</u>

<u>Total $      100,000                                                           Total $ 100,000</u>

<u />

The software costs $ 70,000. The Balance sheet is as given above and the cash will be replaced by the software.

B-2  Ratio of real Assets to Total Assets

Real Assets = $ 100,000

Total Assets = $ 100,000

Ratio = 100,000/100,000 = 1.0

C-1 The share given are calculated ( 1500 *80= $ 120,000) . And after it accepts the payment the share holder's equity increases and the assets as well.

Lanni Products

Balance Sheet

Assets                                                Liabilities & Shareholders' Equity

Shares  $ 120,000                                      Bank loan $ 50,000

( 1500 *80)

<u>Computers $30,000                             Shareholders' equity 100,000</u>

<u>Total $      150,000                                                           Total $ 150,000</u>

C-2 Ratio of real Assets to Total Assets

Real Assets = $ 30,000

Total Assets = $ 150,000

Ratio = 30,000/150,000 = 0.2

6 0
3 years ago
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