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anzhelika [568]
3 years ago
12

Ridge, Inc. follows IFRS for its external financial reporting, and Cannon Company follows GAAP for its external financial report

ing. During 2021, both companies changed depreciation methods, from double-declining balance to straight-line. Compared to double-declining balance, for Ridge, Inc. the change resulted in a decrease in reported depreciation expense of $90,000, and for Cannon Company the change resulted in a reported decrease in depreciation expense of $105,000. The remaining useful lives of the assets impacted by the change in depreciation method is 10 years for both companies. How would this change impact the net income reported by Ridge, Inc. and Cannon Company for the year ended December 31, 2021
Business
1 answer:
Maksim231197 [3]3 years ago
4 0

Answer: increase $90,000 ; increase $105,000

Explanation:

Based on the changes made, the impact the net income reported by Ridge, Inc. and Cannon Company for the year ended December 31, 2021 will be that there'll be an increase of $90,000 for Ridge Inc. and there'll also be an increase of $105,000 for Cannon Company.

It should be noted that the reduction in the depreciation will bring about a rise in the net income of both companies.

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Answer:

a. Transportation problems

Explanation:

In Business management, problems which deal with the direct distribution of products from supply locations to demand locations are called transportation problems.

Transportation is a supply chain technique which primarily includes all of the process involved in the distribution of finished goods and services from the production line to the consumers or end users, so as to meet their needs or wants.

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A rule of nature that tells you what will happen under certain conditions is a
Naddik [55]

I guess the correct answer is Scientific Law.

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5 0
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Mike is saving his emergency funds in an IRA account. Is his strategy a good one? Select the best answer from the choices provid
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The answer to your question is:

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Which of the following conflict management methods is expressed as "We should express our concerns about the conflict and sugges
Inessa [10]

Option E, the A-E-I-O-U Model  is expressed as "We should express our concerns about the conflict and suggest a solution"

<u>Explanation: </u>

The Design of Conflict Management A-E-I-O-U, The "A-E-I-O-U" approach is used to address a range of standoffs: worker-to-boss, peer-to-peer, co-founder to co-founder, and stood for recognition, expression, identification, results, and understanding. It helps customers to be conscious of confrontations.

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4 years ago
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