Answer:
Dr Retained earnings $8.2
Cr Inventory $8.2
Explanation:
By changing method of an inventory valuation, the company should apply it retrospectively based on IAS 8 guidelines on change in accounting estimates and errors. Thus, the said difference from FIFO method to Weighted Average method of valuation should be credited directly against Retained earnings account because, accounts are already closed right after the year ended.
$32-$23.8= $8.2 million
To record the said adjustment you have to
Debit Retained earnings and credit Inventory in the amount of $8.2 million.
Answer: <em>No, since the value of the cash flows over the first two years are less than the initial investment</em>
Explanation:
value of cash flows for the first two years = $48,000 (24,000x2)
Initial Investment = $50000
Because the additional $48,000 profit during the two year payback is not grater than the $50,000 purchase, they should not put the large neon sign up.
Answer:
11/15 paycheck
Explanation: The amount should of been in the deposit section
Answer:
c) Directive on Data Protection
Explanation:
Directive on Data Protection
It is the directive of European Union ( EU ) , which was adopted in the year 1995 .
The Data Protection Directive regulates the processing of the personal data in the EU .
It is one of the important and crucial component of the European Union privacy and the laws of human right .
