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soldi70 [24.7K]
3 years ago
12

Two advantages of preparing the financial statement in accordance with ifrs​

Business
1 answer:
Alisiya [41]3 years ago
7 0

Explanation:

. Advantages of IFRS compared to GAAP reporting standards

1.1 Focus on investors. ...

1.2 Loss recognition timeliness. ...

1.3 Comparability. ...

1.4 Standardization of accounting and financial reporting. ...

1.5 Improved consistency and transparency of financial reporting. ...

1.6 Better access to foreign capital markets and investments.

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Differentiated oligopoly exists where a small number of firms are:
garri49 [273]
Occupying most of the market share
6 0
3 years ago
Last year, Stephen Company had 20,000 units in its ending inventory.
astra-53 [7]

Answer:

D) 19,520

Explanation:

The company uses a last-in-first-out (LIFO) inventory flow assumption. Given these facts, the number of units of product in the beginning inventory last year must have been:D) 19,520

8 0
3 years ago
Why banks pay lower interest rates on savings accounts than on certificates of deposits.
gregori [183]

Answer:

See below

Explanation:

Savings accounts are more common than certificates of deposits. Banks do not restrict customers on the number of withdrawal and deposits per period in a savings account. Banks consider savings account very liquid because a customer can withdraw their money anytime. Due to this reason, savings accounts attract low-interest rates.

Certificate of deposits, CDs have withdrawal restrictions. In this type of account, the customers agree to keep their money in the bank for a specified period. Banks offer a higher interest rate to encourage customers to keep their money in the account for the agreed duration.

8 0
3 years ago
Used to protect all sorts of building structures<br><br>what is it?​
KiRa [710]

Answer:

Your answer is Paint is used to protect all sorts of buildings and structures from the effects of water and sun

Explanation:

<em>Hope</em><em> </em><em>this</em><em> </em><em>helps</em><em> </em><em>u</em><em> </em>

<em>Crown</em><em> </em><em>me</em><em> </em><em>as</em><em> </em><em>brainliest</em><em>:</em><em>)</em>

8 0
3 years ago
Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual i
MrRa [10]

Answer:

Purchased calculators from Dragoo Co. at a total cost of $1,650:

  • Dr Inventory  1650
  • Cr Accounts Payable 1650

Paid freight of $60 on calculators:

  • Dr Inventory  60
  • Cr Cash 60

Returned calculators to Dragoo Co. for $52:

  • Dr Accounts Payable  52
  • Cr Inventory 52

Sold calculators costing $580 for $760 to Fryer Book Store:

  • Dr Accounts Receivable  760
  • Cr Sales Revenue  760

  • Dr COGS  580
  • Cr Inventory 580

Granted credit of $45 to Fryer Book Store for the return of one calculator that was not ordered. The calculator cost $32.20

  • Dr Sales Returns and Allowance 45
  • Cr Accounts Receivable  45

  • Dr Inventory  32.20
  • Cr COGS  32.20

Sold calculators costing $650 for $800 to Heasley Card Shop:

  • Dr Accounts Receivable  800
  • Cr Sales Revenue  800

  • Dr COGS  650
  • Cr Inventory 650

7 0
4 years ago
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