Debited to the inventory account.
Hope this helps!
Answer:
International Joint Venture.
Explanation:
An international joint ventures are the partnership formed by two businesses based in two different country to explore international market without taking complete commercial risk as foreign company is not aware about the local condition and preferences. It help the company to expand its own territory and explore new market. Business is formed for only specified project and partners share it´s profit, loss and other asset for smooth process in the business.
Im not sure sorry...... try searching it up
Answer:
€6 million
Explanation:
As we know that
According to the International Financial Reporting Standards, if the net realizable value of the inventory increases then the written down of reversal value is required
And according to the GAAP, the inventory should be valued at lower of cost or net realizable value
So in the given case, the inventory is purchased at €6 million and now it is estimated value is €7 million so the lower value i.e €6 million should be reported on the balance sheet.
Answer: No; No.
Explanation:
A debt security is referred to as a debt that can be either purchased or sold in the market between the parties involved before such debt matures.
In this scenario, we should note that the debt security was not classified as available-for-sale and also the 2021 market price decline did not exceed more than the 2022 market price recovery.
Therefore, the answer is No; No
