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balu736 [363]
3 years ago
6

US GAAP and IFRS differ on treatment of impairment of tangible assets as follows:

Business
1 answer:
erik [133]3 years ago
7 0

Answer:

A. IFRS, tangible assets are tested only when factors suggest impairment.

Explanation:

The tested of the tangible assets would be based on some kind of changes that are change in the market value, chnage in the technology, rise or reduction in the rate of interest in the market etc

In addition to this, the intangible assets such as goodwill would be testes on annually basis

Therefore the first option is correct

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Choose the best closing for a message requesting the receiver's support for a proposed change in a benefits plan.
MrRissso [65]

Answer:

c. Contacting me by December 1 about your support of this new benefits plan will allow me to present this proposal at the next strategic planning session.

Explanation:

The closing for a request should indicate a deadline for receiver, which can help to engage receiver in sender’s process.

Even though in this scenario, the sender is requesting for a support which might be not receiver’s responsibility to accept the benefit plan, but the sender can smartly appreciate the receiver if he can have the support by December 1.

I suppose with this closing in an email, receiver will put this mail in his working calendar or prioritized list if he really care and want to support this plan.

3 0
3 years ago
Companies must follow generally accepted accounting principles (gaap) for ______ accounting reports.
Snowcat [4.5K]

Companies must follow generally accepted accounting principles (gaap) for  international financial reporting standards accounting reports

<h3><u>What are international financial reporting standards ?</u></h3>
  • The International Financial Reporting Standards (IFRS) are a group of accounting guidelines that specify which kinds of transactions and events must be disclosed in financial statements.
  • The International Accounting Standards Board created and maintains them (IASB).
  • The IASB wants the rules to be implemented consistently across the world so that investors and other users of financial statements may compare the financial performance of publicly traded firms with that of their worldwide peers on an equal footing.
  • More than 100 nations, including the European Union and more than two-thirds of the G20, currently utilize IFRS.
  • International Accounting Standards (IAS), which were more traditional standards that IFRS superseded in 2000, are occasionally mistaken with IFRS.

To view more about GAAP refer to:

brainly.com/question/14957399

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8 0
2 years ago
8. Unemployment insurance contributes to structural unemployment by: A. keeping wages above the market-clearing level. B. keepin
Luda [366]

Answer:

The correct answer is  C. allowing unemployed workers to search longer or less intensively for jobs

Explanation:

4 0
2 years ago
In double-entry accounting, what kinds of transactions are recorded in the left debits column?
yaroslaw [1]
Asset debits are recorded in the left debits column.
6 0
3 years ago
Read 2 more answers
Jim is CEO for a company that produces filing cabinets and office furniture. He uses when determining that in order to increase
Anon25 [30]

Answer:

planning

Explanation:

Based on the information provided within the question it can be said that in this scenario Jim is using the function of planning in order to determine this. The planning management function focuses on thinking ahead in order to set things into motion so that everything functions accordingly and efficiently in the future. Which is what Jim is doing by stating that in order to increase the production by 20% like they need, they have to hire 10 new employees.

3 0
3 years ago
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