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LiRa [457]
2 years ago
14

Balance sheets prepared under IFRS: Multiple Choice must list assets, but not liabilities in order of liquidity. may list assets

and liabilities from least liquid to most liquid. must list liabilities, but not assets, from most to least liquid. must list assets and liabilities from least liquid to most liquid.
Business
2 answers:
antiseptic1488 [7]2 years ago
6 0

Answer:

The correct answer is letter "B": may list assets and liabilities from least liquid to most liquid.

Explanation:

The International Financial Reporting Standard or IFRS is the set of international accounting standards issued by the International Accounting Standards Board (IASB) that establishes the requirements for recognizing, measuring, presenting, and informing economic transactions and events that affect a company and reflect its Financial Statements.

<em>Under the IFRS, assets are usually reported in reverse order of liquidity, meaning the least liquid assets are recorded first but the most liquid asset can be presented at first as well.</em>

GrogVix [38]2 years ago
5 0

Answer:

May list assets and liabilities from least liquid to most liquid.

Explanation:

According to International Financial Reporting Standards IFRS the companies may list their available assets and liabilities in descending order of most liquid to least liquid. It enables the users financial statements to easily assess the time assets will take to be converted into cash. Therefore cash is considered as most liquid and is first item to be presented on the Balance sheet of the company under current assets account.

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Trell Corporation transferred $55,000 of accounts receivable to a local bank. The transfer was made without recourse. The local
e-lub [12.9K]
Answer:
Trell will show an amount receivable from factor equal to 20, 010 dollars.
Explanation:
NON recourse factoring is when a company sells it's invoices to a factor, without the promise that the company will buy back any uncollected invoices. The factor does not take the risk of any uncollected invoices.
So in this factoring arrangement no allowance for bad debt exist
6 0
2 years ago
At an activity level of 8700 machine-hours in a month, Falks Corporation's total variable production engineering cost is $728,19
Jobisdone [24]

Answer:

$109.80 per unit

Explanation:

For we to be able to calculate the or solve the problem, we are to use the following method

Firstly

Variable cost per unit = $728,190 ÷ 8,700 units

Variable cost per unit = $83.70 per unit

Secondly

Fixed cost per unit at 8,900 units = $232,290 ÷ 8,900 units

Fixed cost per unit = $26.10 per unit

Lastly

Total cost = Variable cost + Fixed cost

Which we have as;

Total cost = $83.70 per unit + $26.10 per unit

Total cost = $109.80 per unit

5 0
2 years ago
Read 2 more answers
When you have carefully checked all the facts and your attitudes and still find that there’s just something about your superviso
Anna11 [10]

Answer:

Your answer to that is try to talk it out with someone and dont hold it in.

Explanation:Have fun and a great day

3 0
2 years ago
The 6.3 percent, semi-annual coupon bonds of PE Engineers mature in 13 years and have a price of $992. These bonds have a curren
ludmilkaskok [199]

Answer:

6.35, 6.39 and 6.49

Explanation:

6.3% = 0.063

yield = 0.063 ×$1,000/ 0.992 yield = 0.063 ×$1,000)/ 0.992 ×$1,000)

Current yield = 0.0635, or 6.35 percent PV = $992 = 0.063× $1,000 / 2) ×{(1 - {1 / [1 + (r / 2)]26}) / (r/ 2)} + $1,000 / [1 + (r / 2)]26 r = .0639, or 6.39 percent EAR = [1 + .0639 / 2)]2 - 1 EAR = .0649, or 6.49

7 0
2 years ago
Read 2 more answers
Bartran Company assembles ink cartridges. Each finished cartridge has three child items: a plastic case, a label and several oun
Anvisha [2.4K]

Answer:

7 days

Explanation:

Although the lead time for assembling a finished cartridge is only 2 days, the assembly process cannot begin until all child items are available. Thus, the time that would take Bartran to create at least one finished ink cartridge if it started with nothing in stock is the highest lead time of all child items added to the lead time of assembly.

Labels have the highest lead time of 5 days, therefore the total time taken is:

5 +2 = 7 days

7 0
2 years ago
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