M&M 58 Ksl and M&M63 KSl are equal

Q: T or F: If an impairment loss is recognized under the US. GAAP later recovery of the loss is…

A: INTRODUCTION:- This question pertains to the accounting treatment of impairment losses under US…

Q: . Defined by IFRS 2 as a vesting condition that requires the counterparty to complete a specified…

A: IFRS 2 talks about the reporting of share based payment transactions. As per this, the entities who…

Q: Branding may include O a. the brand name. O b. the brand mark. O c. the trade mark. d. All of the…

A: Brand and its features What does branding include

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A: Sale of goods to Poland on 01.10.2020 Forward rate $0.29 Spot rate $0.25 As per the information…

Q: The Billing rate/Labor costs ratio is a billing multiple and can be used to evaluate relative…

A: The Billing rate/Labor costs ratio, referred to as the billing multiple, is a financial gauge that…

Q: TRUE OR FALSE 1. PFRS 4 SUPERSEDES PFRS17 2.PFRS 17 APPLIES TO REINSURANCE CONTRACTS3.INCOME SERVICE…

A: As per the honor code, we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit…

Q: (Optional) Consider the following assets: Asset | A E(r) Cov(A) Cov(B) Cov(X) Cov(Y) Cov(Z) В Y Z…

A: Given, Portfolio P consists of assets A and B. Portfolio Q consists of assets X, Y and Z.

Q: Which one of the following category unearned revenue belong to? a. Limited liability b. Current…

A: Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net…

Q: Explanation 1031 like-kind exchange

A:

Q: What controversy relates to the accounting for net operatingloss carryforwards?

A:

Q: Define Unearned revenue

A: Definition: Deferred revenues: Deferred revenue is a liability to render service or to deliver…

Q: If a current asset/current liability has a ratio of 2, what doe it say about the company?

A: The relationship between the current assets and the current liabilities is determined by the current…

Q: 4. The standard direct material cost is equal to: A) Standard quantity × Actual price B) Actual…

A: Let's break down the components of the standard direct material cost calculation:Standard Quantity:…

Q: Give two limitations of the physical measure method of a joint -cost allocation. Distinguish between…

A: The physical quantities method and the net realisable value method are the two main techniques for…

Q: evenue recognition under IFRS 15 is based on   Transfer of title Payment of consideration Transfer…

A: Solution: Revenue recognition under IFRS 15 is based on "Transfer of risk and rewards of ownership".…

Q: Which of the following is not an established method of translation? O a. Forward method O b.…

A: If a business entity operates in other countries, different currencies are used for reporting the…

Q: According to China accounting standards indicates that goodwill normally is Select one: a.…

A: At the time of acquisitions of one company, the other company is required to pay more amount than…

Q: A provision shall be recognized when except * it is probable that an outflow of resources embodying…

A: A provision is an account set off for any obligation which can occur in future. In other words, a…

Q: In each of the cases below, assume Division X has a product that can be sold either to outside…

A: Transfer pricing is the price at which one division sells or provides goods or services to another…

Q: implied value of a reporting unit to its carrying amount (goodwill excluded). fair value of a…

A: Steps for determining the goodwill impairement includes  If unit fair value is less than carrying…

Q: What is the difference between a revenue and a gain? O a. Revenue results from internal…

A: Analysis: Revenue: Revenue means total  income generated by the company from the sale of goods or…

Q: The amount by which the balance sheet does not balance at first is called _______. A. total B.…

A: When balance sheet doesn't balance at the first, it means there is some error or mistake which need…

Q: 5. Provide three reasons for allocating joint costs individual products or services.

A: Joint costs are costs that are incurred jointly on two or more products. Some of the joint costs can…

Q: to compute the transfer price. At what amount should Ajax Division charge Axion 5. Will the transfer…

A: This question deals with the transfer pricing concept. Transfer pricing applies when one unit or the…

Q: From the information shown for possible location of campgrounds and lodging at a national park,…

A: It is a case of comparing different alternatives, based on their benefit-cost ratios. So incremental…

Q: Among the general conditions for Musharakah the profit-sharing must be fixed amount Select one: True…

A: Answer

Q: Exercise 3: Distribution of dividends The RESISTENCIA corporation has as of December 31, 20x3,…

A: Preferred stocks are paid befor the equity stock and payment of dividend to preferred stock is…

Q: Which option does NOT form part of measurement bases in terms of IAS1? Select one: O a. Prime cost O…

A: In summary, IAS 1 does not specifically mention "prime cost" as a measurement basis, but it does…

Q: In average cost pricing, the natural monopoly would have to set price equal to АТС. AFC. MC. AVC.

A: Average cost pricing is defined as the strategy of standardized pricing which the regulators impose…

Q: 18. Which of the following cost allocation methods does not take into consideration that service…

A: The direct method is the simplest of the four. The direct method allocates the costs of each of the…

Q: Kirstin Zaldays, CFA, is researching the relative valuation of two companies in the…

A: In this question, we are required to determine EV/EBITDA for both LTM and RTX.

Q: _____ are the entity’s present obligations arising from past events, the settlement of which is…

A: Solution: Liabilities are the entity’s present obligations arising from past events, the settlement…

Q: How does the computation of equivalent units under the FIFO method differ from thecomputation of…

A: Equivalents units for production: The activity of a processing department in terms of fully…

Q: 0. For share appreciation rights S1. the measurement date for liability instruments is the…

A: Stock appreciation right (SAR) -   Entitles an employee to receive stock/cash if the entity's stock…

Q: Business that are exempt from output VAT but entitle to input VAT are   A. Vat Exempt Persons B.…

A: Value Added Tax is a novel form of levying tax on goods and services. It is paid to the credit of…

Q: When a revenue arrangement involves more than one performance obligation, which of the following…

A: Solution: When a revenue recognition involves more than one performance obligation "Whether each…

Q: (CO5) Which of these is an example of mixed costs? O telephone repairs utilities Opatient services

A: Mixed cost- Also known as semi-variable cost, as it contains both fixed costs and variable costs…