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Lemur [1.5K]
3 years ago
11

Both IFRS and U.S. GAAP allow deferred taxes to be: presented as noncurrent on the balance sheet. measured using a substantially

enacted tax rate. recognized in equity after a fixed asset revaluation.
Business
1 answer:
lana66690 [7]3 years ago
6 0

Answer:

presented as noncurrent on the balance sheet.

Explanation:

GAAP is an acronym for Generally Accepted Accounting Principles, it was adopted by the U.S. Securities and Exchange Commission (SEC) and is the comprehensive accounting rules and standard used in recording and reporting financial information.

The IFRS is an acronym for International Financial Reporting Standards,International Financial Reporting Standards, it is a set of accounting rules that ensure financial statements are consistent, transparent and comparable globally.

Both IFRS and U.S. GAAP allow deferred taxes to be presented as noncurrent on the balance sheet.

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Discuss libraries/modules in python. How do you use libraries/modules of interests in your project? how open source community/cu
slega [8]

A Python library is a collection of modules and packages.

A Python library contains bundles of code that can be used repeatedly in different programs. Through this Python Programming becomes simpler and convenient for the programmer. As we don't need to write the same code again and again for different programs.

As Python is developed under an OSI-approved open source license which makes it freely usable and distributable, even for commercial use.

Python is an open source programming language that was made to be easy to read and powerful. In Python, a program called an interpreter runs Python code on almost any kind of computer.

Hence, the answer was given and explained above.

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8 0
2 years ago
Which state-registered adviser is considered to have taken custody of client funds?
ra1l [238]

Under the <u>Uniform Securities Act</u>, the threshold where a State-registered adviser is considered to have taken custody of client funds if it charges prepaid advisory fees, is: <u>$500, 6 months or more in advance of rendering services.</u>

<u />

If an advisor either physically possesses or has the legal right to take possession of money or securities belonging to its clients, then it has custody. The term "custody" has been expanded by the rule's revisions to cover situations in which an adviser's related person holds custody of client assets in conjunction with the adviser's advisory services. If an investment adviser's connected broker-dealer holds client assets as a qualified custodian in conjunction with advising services, the investment adviser would be deemed to have custody of those assets.

Consultants may be considered to have taken ownership of customer funds as defined by NASAA when a nationally registered investment manager acknowledges $500 (or more) in advanced consulting fees, 6 months prior to the anticipation of performing services. While the Advisers (Investment) Act of 1940 did not apply to government-registered advisors, it is worth noting that it may have set the maximum at $1,200 among Federal Covered advisors.

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7 0
2 years ago
A business is considered small by comparing its size to others in the same industry.True or false?
Maslowich

Answer:

The statement is: True.

Explanation:

Company size is determined by the number of employees, legal and financial structure, and market niche. Those factors will influence the production of the firm and its market share. Typically, companies with more than 1,500 workers are considered large entities but it varies according to the industry. Among similar organizations, their size can be established comparing one and another.

5 0
3 years ago
City Gas is a natural monopoly that supplies natural gas to a particular city. Its cost and demand information are given below.
gavmur [86]

Answer:

Fall, rise

Explanation:

City Gas is a natural monopoly that supplies natural gas to a particular city. It's cost and demand information are given below. Quantity (Millions of therms) Price ($ per therm) Total Cost (million $) 1 48 35 2 44 64 3 38 90 4 30 113 5 20 133 6 8 150 If the government decides to regulate this natural monopoly by forcing them to produce at the point where the demand curve intersects average cost, then compared to the unregulated natural monopoly, the price will _____fall_______ and the quantity will _____rise______.

4 0
4 years ago
The supply curve for a good will be more elastic if: spending on the good accounts for a large share of a consumer's income. the
Andrei [34K]

The supply curve for a good will be more elastic if "production inputs are readily available at a relatively low cost".

<u>Option: C</u>

<u>Explanation:</u>

The graphical interpretation is applied to understand the concept of supply curve for any good available in market. This is done by correlating the cost of a good or service and the supplied amount during a given period. In such representation the cost is mentioned vertically on the left axis, while the amount supplied is mentioned horizontally.

The coverage of responsiveness with respect to variations in cost of demand or supply products is understood as elasticity.  Here when the small variations in cost leads to the large variations in consumed amount of product, thus curve become more elastic. While if a curve is found less elastic, which showcase that their is large variations in the price to impact a change in consumed amount.

5 0
4 years ago
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