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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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Curtis purchased stock with an initial share price of $140, and sold it when the share price was $119. While he owned the stock,
Ira Lisetskai [31]

Answer:

Curtis

The total percentage return on the investment is:

= -7.86%.

Explanation:

a) Data and Calculations:

Initial share price at which the stock was purchased = $140

The selling share price = $119

Dividends earned during the stock ownership (holding period) = $10

Total returns, including proceeds from the sales = $129 ($119 + $10)

Total returns from holding the stock until sold

= Total returns + sales proceeds minus Initial purchase cost

= -$11 ($129 - $140)

Total percentage return on the investment = $11/$140 * 100

= 7.857

= 7.86%

6 0
1 year ago
U.S.-based companies should turn to the _____ for the most comprehensive source of export information.
Juliette [100K]

Answer:

Department of commerce

Explanation:

U.S.-based companies should turn to the department of commerce for the most comprehensive source of export information.

The department of commerce is a section in the United States government. It creates jobs through good and favorable international trade terms, sustainable development and through access to high technology.

It provides companies with trade informations of which exports is one.

6 0
2 years ago
Halverstein Company's outstanding stock consists of 8,050 shares of cumulative 5% preferred stock with a $10 par value and 3,450
Licemer1 [7]

Answer:

$6,900 to preference shareholders

Explanation:

The computation of the amount of dividends paid to preferred and common shareholders in Year 2 is shown below:

The Preference dividend is

= 8,050 shares × $10 × 5%

= $4,025

And, since the preference dividend is cumulative plus the in year 1 there is no dividend paid and in year 2 the dividend amount given is $6,900

But the total value is

= $4,025 + $4,025

= $8,050

So the total amount i.e $6,900 is paid to preferred shareholders only

3 0
1 year ago
1. Why might social business be especially useful for global companies?2. What were some of the benefits that IBM social tools c
Alinara [238K]

Answer:

Explanation:

Social business tools like networking and shared workspaces are important for global companies because they allow far-flung coworkers to collaborate and do their work more effectively.

2. Benefits include greater productivity, quicker decision making, and improved customer service. Every types of employees gets different benefits.

3. Cemex is a world wide company with several thousands of employees in more than 49 countries. A company-wide social network allowed employees around the globe to share ideas and collaborate with each other. This will lead to a new product creation.

4. If employees do not get good training on how to use social media, they may harm the company or its brand. If employees does not see the essence in a collaborative workplace, social initiatives may not work.

6 0
2 years ago
Carrying and using a high-end credit card like an American Express Centurion Card would satisfy needs at what level in the Maslo
ioda

Answer:

Carrying and using a high-end credit card like an American Express Centurion Card would satisfy needs at what level in the Maslow hierarchy of needs?

Esteem level.

Explanation:

Maslow hierarchy of needs is a theory in psychology that comprises five levels of needs that are represented in a pyramid. The needs that are lower in the pyramid are fundamental needs that have to be satisfied before the needs in the higher levels can be satisfied. The needs lower down in the pyramid are mostly physical needs like food, shelter and finances while the needs higher up in the pyramid tend to focus more in improving the quality of life of a person. They include things like; safety, love, physiological needs and self actualization.

The needs in a five-stage model can be categorized into two groups; deficiency needs and growth needs. The first four levels from the bottom can be referred to as deficiency needs while the top most level is defined as a growth need. Deficiency needs are needs that arise due to deprivation while growth needs don't come from a lack of something but a strong desire to become better. The five categories of needs are; physiological, safety, love and belonging, esteem and self actualization.  

In our case, someone carrying a high-end credit card is someone who does that out of prestige and thus is most likely in the esteem level in the Maslow hierarchy.

5 0
2 years ago
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