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3 years ago

IFRS reporting requires all of the following items except

Business

1 answer:

Lisa [10]3 years ago

4 0

Answer:

Option C would be the correct answer.

Explanation:

In the given question, options are not mentioned. Please find the attachment of the complete query.

IFRS sets universal guidelines because whatever income accounts across the global economy can indeed be appropriate, straightforward, as well as equivalent.
Its purpose is to provide a spatial relationship because of how government entities compile certain financial reports as well as publish them.

Certain alternatives do not apply to the procedure outlined. But the option above would be correct.

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Use the starting balance sheet, income statement, and the list of changes to answer the question. Gulf Shipping Company Balance

aleksandr82 [10.1K]

Answer:

the value for Liabilities on March 31, 2020 is $22,000

Explanation:

Liabilities are current obligations of the entity that arose as a result of past events, the settlement of which will results in the outflow of cash from the entity.

To calculate the value for Liabilities on March 31, 2020, make adjustments to the liability balance that exists at the start of the year with movement that qualify as liabilities as defined above.

Opening balance as at 1 January 2020 = $22,000

Movements in liabilities = $0

Balance as at March 31, 2020 = $22,000

Conclusion :

The liabilities value on March 31, 2020 remains at $22,000

4 0

3 years ago

"Pick an organization within the airline industry that you are familiar with or interested in learning about. Identify an exampl

Usimov [2.4K]

Answer:

Pick an organization within the airline industry that you are familiar with or interested in learning about. Identify an example of when a favorable cost variable would not be good news for the performance of the organization.

What department would be responsible for the variance? What would you recommend to correct the variance? Explain your reasoning.

Explanation:

In the Jet airways example, if the package price stays the same or higher but gettting a positive variation, good news are fake as this means that the number of passengers that were expected to travel, in fact diminished.

6 0

4 years ago

Managers must be prepared to modify their strategy except when:

pishuonlain [190]

Answer: rivals announce their monthly profit margins in public.

Explanation:

Strategies are the actions or plans which are put in place by a company in order to have competitive edge over its rivals and also achieve the organization objectives.

Managers must modify their strategies when:

• changing circumstances affect performance and the desire to improve the current strategy.

• rivals make or adjust moves in the market due to the shifting needs of buyers.

• encountering stagnating market conditions and increasingly restrictive new customer acquisition opportunities.

• evidence is mounting that the current strategy is becoming less effective.

The last option isn't necessary in order to modify their strategies. Rivals announcing their monthly profit margins in public isn't enough reason for a company to alter its strategies.

7 0

3 years ago

The following data is available for Pina Colada Corp. at December 31, 2017:

Kazeer [188]

Answer:

No of common stock outstanding

= Total value of common stock issued

Par value per share

= $196,000

$10

= 19,600 shares

Explanation:

In this case, we will divide the total value of common stock issued by the par value per share so as to obtain the number of common stock outstanding.

7 0

3 years ago

1. Read the information in the chart about two trading partners. Then answer the question that follows. Based on the information

alex41 [277]

Answer:

1. Read the information in the chart about two trading partners. Then answer the question that follows. Based on the information in the chart, which of the following is correct? Select all that apply.

A) Country X should specialize in automobiles and Country Y should specialize in airplanes.

D) Country X has both an absolute and a comparative advantage in the production of automobiles.

E) Country Y has a comparative advantage in the production of airplanes.

2. While the balance of payments involves a record of all transactions between individuals, businesses, and the government within a particular country, the balance of trade deals solely with

C) imports and exports

3. Read the passage. Then answer the question that follows.

In 2013, the United States negotiated a new trade deal with Japan in the hope of increasing US rice manufacturers' access to the valuable Japanese consumer market. The Japanese increased the amount of rice that it would import at a low import tax rate to 682,000 metric tons, while any rice imported from the United States over that amount would be subject to a much higher import tax.

This trade policy represents the implementation of a combination of what two types of economic barriers to trade?

D) tariffs and a quota

4. How do economic barriers to trade impact countries that enact them? Select all that apply.

C) by limiting consumer choice

E) by causing prices of domestic goods to rise

5. Why do some people oppose free trade agreements?

B) Free trade agreements usually require countries to reduce trade barriers that protect domestic industries.

6. Use the table of currency exchange rates to answer the question.

A family from Zimbabwe, which uses the US dollar as its official currency, is planning to travel. They want to go to the country where they will receive the MOST local currency for their dollars. Which country should they visit?

Kenya

7. Suppose the value of the Japanese yen appreciates relative to the US dollar. Who would this benefit? Select all that apply.

A) Japanese importers of goods from the United States

E) Japanese tourists visiting the United States

Explanation: Just took the test and these are what they say are the correct answers.

6 0

3 years ago