in what way does ias 16 (property, plant, and equipment) differ from u.s. gaap concerning fixed asset measurement subsequent to initial recognition?
Answers
There are significant discrepancies between the GAAP regulations codified in ASC Topic 360 and the IFRS rules written in IAS 16 in the field of fixed assets and the resulting depreciation. The cost method is the sole technique to originally report a fixed asset under GAAP.
What are GAAP and IAS 16?IAS 16 permits both upward and downward revaluation of fixed assets, however US GAAP permits only upward revaluation. IAS 16 allows for asset revaluation based on fair value to be performed. Each asset type must be revalued on an annual basis. Property, plant, and equipment are initially measured at cost, then measured again using a cost or revaluation model, and depreciated such that its depreciable amount is distributed systematically during its useful life. IAS 16 was reprinted in December 2003 and is effective for fiscal years beginning on or after January 1, 2005.
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Related Questions
Althoigh a franchise offers many upsides opening a franchise also has many downsides. From the lost below select the answers that are considered down sides
Answers
Answer:
the options are missing, but I can list several disadvantages or downsides of owning a franchise:
When you buy a franchise you enter a formal contract that requires you to perform different obligations and failing to perform can result in legal and economic problems (similar to all contracts signed).The franchise contract generally specifies a certain amount of years, and even if you are able to perform very well, nothing can assure you that the contract will be renewed. When you buy a franchise, you must follow all the rules, procedures and guidelines given to you by the franchisor, i.e. you own a business but someone else tells you what to do. These orders and restrictions given by the franchisor include what you can or cannot sell, and who will be your vendors (suppliers). Even if you do great, other franchisees might not operate properly and that will negatively affect your business. You have to pay royalties (a % of your gains) to the franchisor.I need help I don’t get this
Answers
The friest answer bc she said budget
Answer:
it's C, because when you budget you are trying to save money.
Explanation:
You plan to operate a basketball camp during the summer at Duke University. The total number of participants is 200. Camp participants will stay three nights in the university dormitories, and each room will house two camp participants. Duke charges you $40 per room each night. Liability insurance to run the camp will cost $3,000. Meals for the three day camp will cost $6,000. Duke will not charge you for the use of the basketball facility. Nike will provide sporting goods to be used by, and given to, participants. You and your partner each want to make $8,000 profit from running the camp. How much will you have to charge each participant to meet your goal?
Answers
Answer:
$245 per participant
Explanation:
total number of participants = 200
total costs for 200 participants:
$40 per night x 3 nights x 200 = $24,000 for rooms$3,000 for insurance$6,000 for mealstotal costs = $33,000
if you want to earn $16,000 in profits ($8,000 each),
price per participant = ($33,000 + $16,000) / 200 = $49,000 / 200 = $245
Identify John Rawls and Robert Nozick's theories with two specific impacts of each of the theories on business and industry. Thoroughly explain your rationale. You may use the business or industry in which you are currently employed
Answers
John Rawls and Robert Nozick were two influential political philosophers who presented contrasting theories regarding justice and its application in society. Let's explore their theories and their potential impacts on business and industry.
John Rawls is known for his theory of justice as fairness, as outlined in his book "A Theory of Justice." Rawls argued for the principles of distributive justice, focusing on ensuring fairness and equality of opportunity in society.
1. Impact of Rawls' Theory on Business and Industry:
- Reducing Income Inequality: Rawls' theory emphasizes the fair distribution of resources and opportunities. In the business context, this could lead to efforts to reduce income inequality within organizations. Companies may strive to implement fair wage policies, ensuring that employees receive just compensation for their work.
- Promoting Corporate Social Responsibility (CSR): Rawls' theory highlights the importance of considering the needs of the least advantaged in society. In response, businesses may be more inclined to engage in CSR initiatives, such as philanthropy, community development programs, and ethical business practices, to address social and economic disparities.
Robert Nozick, on the other hand, presented a theory of justice based on libertarian principles in his book "Anarchy, State, and Utopia." Nozick argued for the primacy of individual rights and the importance of minimal government intervention.
2. Impact of Nozick's Theory on Business and Industry:
- Emphasizing Free Market Capitalism: Nozick's theory aligns with the principles of free market capitalism, which can have a significant impact on business and industry. It may encourage limited government intervention and regulation, allowing businesses more freedom to operate and innovate within the market.
- Protecting Property Rights: Nozick's theory places a strong emphasis on property rights. In the business context, this could lead to a greater focus on protecting intellectual property, fostering innovation, and providing incentives for businesses to invest in research and development.
Rationale:
The impact of Rawls' and Nozick's theories on business and industry is subjective and depends on the specific context and societal values. Rawls' theory emphasizes social justice, fairness, and equality, which could influence businesses to adopt more inclusive and equitable practices. Nozick's theory, on the other hand, prioritizes individual rights and limited government intervention, potentially fostering entrepreneurship, innovation, and economic freedom.
In my current employment in the technology industry, Rawls' theory may encourage initiatives such as equal pay policies, diversity and inclusion programs, and social impact projects aimed at reducing inequality. Nozick's theory could support the protection of intellectual property rights and the promotion of a competitive market environment that fosters innovation and economic growth.
It is important to note that the practical application of these theories in business and industry may vary, and a balanced approach considering various ethical perspectives is often necessary for a comprehensive understanding of justice and its implications in organizational contexts.
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Refer to Table 23-2. What was country A's investment in 2019? a. $1,882 b. $1,295 c. $1,178 d. $1,999
Answers
If Household purchases of durable goods $1,293 , Household purchases of nondurable goods $1,717 , the investment in Country A in 2019 was $1,295. Correct option is b.
To determine the investment in Country A in 2019, we need to identify the relevant components related to investment from the given data. Investment typically includes purchases of capital equipment, purchases of new structures, and changes in inventory.
From the provided data:
Purchases of capital equipment = $310
Purchases of new structures = $611
Inventory changes = $374
To calculate the investment, we sum up these three components:
Investment = Purchases of capital equipment + Purchases of new structures + Inventory changes
Investment = $310 + $611 + $374
Investment = $1,295
Option b. $1,295 is the correct answer.
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Complete question is:
Refer to Table 23-2. What was country A's investment in 2019? a. $1,882 b. $1,295 c. $1,178 d. $1,999
Ben works at a small advertising agency as a graphic artist. Ben enjoys his job because the company allows employees to have flexible schedules and to telecommute when necessary. Which of the following best describes this type of employee compensation? A) indirect financial compensation B) direct financial compensation C) nonfinancial compensation D) required compensation
Answers
Answer:
C) nonfinancial compensation.
Explanation:
In this scenario, Ben works at a small advertising agency as a graphic artist. Ben enjoys his job because the company allows employees to have flexible schedules and to telecommute when necessary. A non-financial compensation best describes this type of employee compensation because employees aren't given any compensation in cash.
A non-financial compensation can be defined as the satisfaction or benefits an employee derives from working in a particular organization without any form of monetary incentive. It has to do solely with non-monetary values such as flexibility, job environment, relaxation spots, food, fitness facilities etc.
Assume that the labour units are increased by 8% and the real capital stock is decreased by 12% (due to a 6% decrease in the marginal efficiency of capital and ...
Answers
The 8% estimated increase in labor units reflects a larger workforce capacity, which could have a favorable effect on productivity as a whole. Productivity could be hampered by the 12% drop in real capital stock, which was caused by a 6% drop in capital's marginal efficiency.
This decline may reduce the amount of resources available for operations that are effective. Therefore, the overall effect on productivity would depend on how well the added labor makes up for the decreased capital. In terms of profitability, a decline in capital stock may result in a loss in output capacity and efficiency, which could have an effect on revenue generation. It will be essential to carefully manage labor and capital resources in order to minimize any potential detrimental effects on profitability.
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--The complete question is, Assuming that the labor units are increased by 8% and the real capital stock is decreased by 12% (due to a 6% decrease in the marginal efficiency of capital), what would be the potential impact on the overall productivity and profitability of the business?--
which of the following are sections in the aicpa revised code of professional conduct? (select all that apply.) multiple select question. members in public practice members in audit members in private practice members in tax services members in business
Answers
Members in Public Practice, Members in Audit, Members in Tax Services, and Members in Business are all sections in the AICPA Revised Code of Professional Conduct.
The AICPA Revised Code of Professional Conduct is a comprehensive set of ethical principles and rules that all AICPA members must adhere to when conducting professional services. The code covers many different areas of practice including public practice, audit, tax services and business.
Each of these sections outlines the ethical responsibilities of AICPA members in the respective practice areas, as well as the potential consequences of unethical behavior.
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Why do you think newspapers did not increase prices, given their financial situation?
Answers
ii think its Explanation:
Answer:
Online competition
Explanation:
Online competition and many people not working
Jose only car not payment of $436 and a credit card payment of $50 every month. What is the minimum amount of money he must take home every month to avoid being in danger of credit overload
Answers
The minimum amount of money he must take home every month to avoid being in danger of credit overload is $2430. This is further explained below.
What is the minimum amount of money he must take home every month to avoid being in danger of credit overload?Generally, The information provided in the question indicates that Jose's monthly expenditures total at least $486 ($436 for the payment on the auto loan and $50 for the monthly payment on the credit card). It is important to include certain additional costs relating to the residence, such as food, which when added together result in $2430; hence, it is the response that is right.
In conclusion, The bare minimum amount of cash that he needs to bring home each month in order to minimize the risk of having an excessive amount of debt is $2,430.
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Techniques to increase productivity in the performance of discrete tasks, by requiring less human labor in each step of the production process, are widely utilized. Consultants on productivity enhancement point out, however, that although these techniques achieve their specific goal, they are not without drawbacks. They often instill enough resentment in the workforce eventually to lead to a slowdown in the production process as a whole.
Which of the following can be reasonably inferred from the statements above?
A. Productivity enhancement techniques do not attain their intended purpose and should not be employed in the workplace.
B. The fact that productivity enhancement techniques are so widely employed has led to a decline in the ability of American businesses to compete abroad.
C. If productivity enhancement consultants continue to utilize these techniques, complete work stoppages will eventually result.
D. Ironically, an increase in the productivity of discrete tasks may result in a decrease in the productivity of the whole production process.
E. Production managers are dissatisfied with the efforts that productivity enhancement consultants have made to increase productivity.
Answers
The reasonably inferred from the statement can be if productivity enhancement consultants continue to utilize these techniques, complete work stoppages will eventually result. Thus, the correct option is (C).
Productivity tactics are ways that assist you get into productive flow states, allowing you to cut to quality with minimal effort. Most productivity tactics are based on behavioral science and are designed to take advantage of how your brain operates.
Capital productivity, material productivity, labor productivity, and total factor productivity are the four main forms of productivity measurements.
Productivity in the service industry may be measured by the number of jobs completed or clients serviced in a particular time period.
Other indicators include whether the service provided matched corporate or customer requirements and whether performance deadlines were fulfilled.
Therefore, the correct option is "C".
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on december 31, a corporation determines that they have income taxes expense of $20,000, with $15,000 currently due and the remainder is deferred to future years.
Answers
The journal entry will be:
Dec 13th
Debit Income tax expense $20000
Credit Income tax payable $15000.
Credit defered tax liability $5000..
What is a journal?A journal is a book in which all of a company's transactions are recorded for the first time. Journalising is the process of recording transactions in a journal.
A journal entry is an act of keeping or making records of any economic or non-economic transaction. An accounting journal, which shows a company's debit and credit balances, records transactions. The journal entry may include multiple recordings, each of which is either a debit or a credit.
Note 1: Income tax expense of $20,000 recognized in the same year.
Note 2: Income tax payable is credited with the amount payable in the current year.
Note 3: The difference between income tax expense and income tax payable is credited to deferred tax liability.
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Complete question
On December 31, a corporation determines that they have income taxes expense of $20,000, with $15,000 currently due and the remainder is deferred to future years. Compute the journal entry.
when managers receive immediate feedback on how efficiently inputs are being transformed into outputs so managers can correct problems as they arise, this is _______ control.
Answers
"When managers receive immediate feedback on how efficiently inputs are being transformed into outputs so managers can correct problems as they arise, this is concurrent control."
Concurrent control is a type of management control system where managers receive feedback in real-time on the efficiency of their operations. This feedback allows managers to make adjustments and corrections as problems arise, ensuring that outputs meet desired standards.
Unlike other forms of control that only provide feedback after the fact, concurrent control allows for immediate course correction, preventing problems from escalating and resulting in higher quality outputs.
This type of control is often used in complex systems where small issues can quickly become significant problems. By implementing concurrent control, managers can ensure that their operations are functioning efficiently and effectively, resulting in better overall performance.
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Which of the following kinds of bonds earn interest?
I. Corporate bonds
II. Bonds selling at a discount
III. Municipal bonds
a.
I and II
b.
II only
c.
I and III
d.
I, II, and III
Answers
it d
The other guy is correct
Explanation:
The following kinds of bonds earn interest.
Corporate bondsII. Bonds selling at a discountIII. Municipal bondsThe correct option is D.
What is a bond?Governments and enterprises issue bonds to raise funds. By purchasing a bond, you are making a loan to the issuer, who agrees to repay the face amount of the loan on a particular date and to make periodic interest payments along the way, usually twice a year.
Bonds are considered safer than other financial instruments such as equities, and you can count on the income if the issuer does not default on their debt. There are many distinct sorts of bonds, each with its own payment schedule and minimum investment. The majority of bonds have set coupon rates. You must pay tax on the interest earned on the bond until it was reissued.
Thus, the ideal selection is option D.
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Manufacturing costs, other than direct materials and direct labor, that cannot be cost- effectively traced to finished goods are called: A) Administrative expenses. B) Period costs, C) Prime costs. D) Factory overhead. E) Selling costs.
Answers
Factory overhead refers to the indirect costs incurred during the production process that cannot be directly attributed to individual units of output. These costs include expenses such as electricity, machinery depreciation, rent, and indirect labor.
They are essential for the production process but cannot be easily traced to specific products.
To calculate factory overhead, you need to sum up all the manufacturing costs that are not classified as direct labor or direct materials. This includes indirect materials, indirect labor, and other overhead costs. For example, costs for utilities, rent, depreciation, insurance, and property taxes on the plant would be considered factory overhead.
Let's consider an example: Company ABC incurs $1,000 per month for utilities, $5,000 per month for rent, and $2,000 per month for depreciation. The total monthly overhead costs amount to $8,000. If the company produces 2,000 units per month, the factory overhead per unit is calculated as follows:
Factory Overhead per unit = Total Overhead costs / Total Units Produced per month
= $8,000 / 2,000 units
= $4 per unit
Therefore, the cost per unit of finished goods should include $4 to cover the portion of overhead costs associated with each unit. In summary, manufacturing costs, excluding direct materials and direct labor, that cannot be easily traced to finished goods are referred to as factory overhead.
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If you do not complete high school, you are typically paid more than those who pursue post-secondary education
T or F
Answers
False. Why would someone pay someone else more if they didn't even finish school?
hope it helps!
Answer:
false
explanation: Post-secondary education refers to an education that goes beyond high school.
Write a three- to five-sentence paragraph that defines economics. Based on your definition, explain why it is difficult to consider economics an exact science. You may want to consider how economists approach economics to help you explain your answer.
Answers
Answer: See explanation
Explanation:
Economics is referred to as a social science that is concerned with how goods are produced, how they're distributed and how they're consumed. Economics is the social science that studies why human beings behave the way that they do.
It is difficult to consider Economics as a science because it lacks a hypotheses that's testable. Also, there is lack of consensus and the scientific method is not followed in Economics.
the main units of local government.
Answers
Answer:
There are four main types of local government- counties, municipalities (cities and town), special districts, and school districts. Counties are the largest units of local government, numbering about 8,000 nationwide. They provide many of the same services provided by cities.
Explanation:
why is my federal withholding so low when i claim 0
Answers
When you fill out a Form W-4, you can choose the number of allowances you want to claim, which can affect the amount of federal income tax withheld from your paycheck.
If you claim zero allowances, your employer will withhold the maximum amount of federal income tax from your paycheck. However, your federal withholding can still be low if your income is not high enough or if you have other tax deductions or credits that lower your tax liability.It's important to note that claiming zero allowances does not necessarily mean you will not owe taxes when you file your tax return. The number of allowances you claim on your W-4 is simply an estimate of your tax liability, and your actual tax liability may differ based on a variety of factors such as your income, deductions, and credits. If you consistently owe taxes or receive large refunds, you may want to adjust your withholding by filing a new Form W-4 with your employer.
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Which career would organize, train, and support teachers and educational workers to help them provide better
instruction?
O distance learning coordinator
O education administrator
O instructional coordinator
O regulatory affairs specialist
Answers
Answer:
it is C instructional coordinator
Explanation:
Select three reasons why the CMO in the chapter example wanted to revamp the marketing plan?
1. There is no use of Mayo
2. Peoples taste changed
3. Customers increasingly preferred organic
4. People don't care about calorie intake
5. Demand for chicken sandwiches varied widely
Answers
Answer:
B
C
E
Explanation:
The other options do not make sense so these are the right answers I think, lol
Reasons why the CMO in the chapter example wanted to revamp the marketing plan:
2. People's tastes changed
3. Customers increasingly preferred organic
5. Demand for chicken sandwiches varied widely
Chief medical officerChief medical officer (CMO) is the title used in many countries for the senior government official designated head of medical services, sometimes at the national level. The post is held by a physician who serves to advise and lead a team of medical experts on matters of public health importance.
What is the role of the chief medical officer?Chief medical officers are healthcare administrators who oversee the effective management of medical centers. They are responsible for managing clinical operations, liaising between the administration and medical staff, and ensuring that patients receive the highest standard of medical care.
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a dealership purchased a four-door sedan
Answers
research suggests that you can eliminate random risk by holding ____ or more stocks and bonds.
Answers
Research suggests that you can eliminate random risk by holding 20 or more stocks and bonds.
Random risk, also known as unsystematic risk or diversifiable risk, refers to the risk connected with unique companies or industries, such as the risk of a certain company encountering financial troubles or an industry-specific incident affecting a company's stock performance.
Diversification is a risk-mitigation approach that investors might employ. Investors can spread their money over a variety of companies and industries by investing in a diversified portfolio of stocks and bonds, minimising their exposure to the hazards of any particular company or industry.
This can serve to reduce the influence of any single firm or industry-specific incident on the portfolio's overall performance.
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Brian owns a company that makes inexpensive replacement parts for bicycles. He's ready to increase the scale of his business and wants to use Google Display Ads to drive sales. Which feature of a Google Display Ads will help Brian achieve his business objectives?
Answers
Answer:
His ads can appear on websites relevant to bicycles, and therefore connect him to his potential audience.
Explanation:
Search engine optimization in marketing involves including keywords in the content so that when users search for materials related to such content, the content would appear among the relevant results. For businesses that want to improve the sales of their products by making use of Google Display Ads, it is important to use keywords as the content of the advertising so that the advertisements can appear on websites relevant to the potential audience.
The main goal of advertising would be defeated if the products are marketed to people who have no interest in them. If Brian's bicycles are marketed on a website containing content for children, it would be difficult for him to make sales. Google Display Ads ensure that the right audience see the advertisements.
in about 100 words explain who owns, controls and is responsible for any debt, in a sloe proprietorship and in a partnership.
Answers
Legally, sole proprietors bear unlimited responsibility for all business debts. Their assets, both personal and business, are at risk.
Who is the sole proprietor of a business?A sole proprietor is a person who owns an unincorporated business on their own. However, if you treat a domestic limited liability company (LLC) as a corporation, you will not be treated as a sole proprietor even if you are the LLC's sole member.
The term "limitless obligation" refers to the full legal liability that business partners and entrepreneurs anticipate for all business obligations. This chance isn't covered, and responsibilities can be paid through the seizure and proposition of owners' own special assets, which isn't equivalent to the renowned confined liability business structure.
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Suppose the consumption function of country A is C = 1000+ 0.8Y (Y, is the disposable income). Investment expenditure is 1500. The government purchase expenditure is 1500. The government transfer payment is 800. Tax is 2050. Please try to calculate: (1) the equilibrium national income Y (4 points) (2) the government purchase multiplier K, (3 points) (3) the tax multiplier K,
Answers
(1) The equilibrium national income Y is 8000.
(2) The government purchase multiplier K is 2.
(3) The tax multiplier K is -0.8.
(1) To find the equilibrium national income Y, we set Y equal to the total spending in the economy. Total spending consists of consumption (C), investment (I), government purchases (G), and net exports (X - M).
However, the problem does not provide information about net exports, so we assume it is zero for simplicity. Thus, we have Y = C + I + G. Substituting the given values, we get Y = (1000 + 0.8Y) + 1500 + 1500. Simplifying the equation, we find 0.2Y = 4000, which implies Y = 8000.
(2) The government purchase multiplier K measures the change in equilibrium national income resulting from a change in government purchases.
It is given by the formula K = 1 / (1 - MPC), where MPC is the marginal propensity to consume. In this case, the MPC is 0.8 (as given in the consumption function). Thus, the government purchase multiplier is K = 1 / (1 - 0.8) = 1 / 0.2 = 5.
(3) The tax multiplier K measures the change in equilibrium national income resulting from a change in taxes. It is given by the formula K = -MPC / (1 - MPC). In this case, the MPC is 0.8 (as given in the consumption function). Therefore, the tax multiplier is K = -0.8 / (1 - 0.8) = -0.8 / 0.2 = -4.
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how do I start my own beauty business
Answers
Answer:
You can distribute samples to local makeup artists, launch a promotional blog, send press releases to publications that cover beauty products, or open social networking accounts to introduce your company to new people. invest in beauty and cosmetics brands invest in cosmetics business.
Explanation:
Make a list of getting information about employment an publishes.
Answers
( GETTING LIST OF INFORMATION ABOUT EMPLOYMENT AND PUBLISHES : )
-Personal contacts.
-School career planning and placement offices.
Classified ads.
-National and local newspapers. Professional journals.
-Trade magazines.
-Internet networks and resources.
-State employment service offices.
-Federal government.
-Professional associations.
-Labor unions.
Brief, Inc., had a receivable from a foreign customer that is payable in the customer's local currency. On December 31, 2020, Brief correctly included this receivable for 372,500 local currency units (LCU) in its balance sheet at $240,000. When Brief collected the receivable on February 15, 2021, the U.S. dollar equivalent was $252,500. In Brief's 2021 consolidated income statement, how much should it report as a foreign exchange gain
Answers
The amount that should be reported as a foreign exchange gain is: $12,500.
Foreign exchange gainUsing this formula
Foreign exchange gain=U.S. dollar equivalent - Local currency units (LCU)
Let plug in the formula
Foreign exchange gain=$252,500-$240,000
Foreign exchange gain=$12,500
Therefore the amount that should be reported as a foreign exchange gain is: $12,500.
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Which is NOT an indicator of a country's economic health?
A. GDP
B. standard of living
C. environmental awareness
D. inflation
Answers
Answer:
d
Explanation: