All changes in an entity's exonomic resources and claims to those resources result frim the entity's financial performance
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A: A)
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Q: abour cost ur cost abour hours ur hours
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A: Journal enteries on the issuance of Bonds for the organisation Western and stillworth organisation.
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A: 401(K) is am retirement savings and investment plan offered by employer to employees.
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A: The correct answer is (b)
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A: The correct answer for the above mentioned is given in the following steps for your reference.
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A: calculation of overhead allocation rate are as follows.
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Q: 5. What are vulnerabilities? Give some examples.
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All changes in an entity's exonomic resources and claims to those resources result frim the entity's financial performance
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- What assets are necessary to support the operations of the entity, and what are management's long-range plans for growing the entity's asset base?Depending on the business model for managing financial assets, an entity shall classify financial assets subsequent to initial recognition at a. fair value through profit or lossb. Amortized costc. Fair value through other comprehensive incomed. all of these are used in measuring financial assetsThe concept of capital maintenance chosen by an entity shall determine the accounting model used in the preparation of its financial statements. TRUE OR FALSE
- In order for an asset to be recognized in the financial statements, which of the following definition is consistent with the IASB framework? Select one: a. Asset is a resource controlled by the entity from which future economic benefits are expected to flow to the entity. b. Asset is a resource controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity. c. Asset is a resource controlled by the entity as a result of future events and from which future economic benefits are expected to flow to the entity. d. Asset is a resource controlled by the entity as a result of present events and from which future economic benefits are expected to flow to the entity.How does the Conceptual Framework define an asset? Select one alternative A resource to which an entity has a future commitment as a result of past events and from which future economic benefits are expected to flow from the entity A resource controlled by an entity as a result of past events and from which future economic benefits are expected to flow to the entity A resource owned by an entity as a result of past events and from which future economic benefits are expected to flow to the entity A resource over which an entity has legal rights as a result of past events and from which economic benefits are expected to flow to the entity29. _____________ are the entity’s present obligations arising from past events, the settlement of which is expected to result in an outflow of resources from the entity. a. Assets b. Expenses c. Liabilities d. Income
- Which of the following statement best defines an asset? a. An asset is a resource owned by the entity with a financial value b. An asset is resource controlled by the entity from which future economic benefits are expected to be generated c. An asset is a resource controlled by an entity because of past events d. An asset is a resource controlled by an entity as a result of past events from future economic benefits are expected to be generatedWhat is financial assets designated at FVOCI? Why does an entity used it? How?In accordance with AASB 9, the recognition of a financial asset or financial liability will be influenced by considerations as to whether there is a contractual right to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable, or potentially unfavourable, to the entity. Explain what this requirement means.
- Which of the following statements best describes the term "liability"? *a. An excess of equity over current assetsb. Resources to meet financial commitments as they fall duec. The residual interest in the assets of the entity after deducting all of its equityd. A present obligation of the entity arising from past eventsAn appropriation of accumulated profits for possible contingencies should be a. Transferred to income as losses are realized b. Shown within shareholders’ equity in the statement of financial position c. Charged with all losses related to that contingency d. Classified in the liability section of the statement of financial positionPlease concisely explain how the excess investment cost over book value is allocated. When is the intra-entity’s profits recognized on transfers between the investor and investee? What is the controlling interest percentage for a consolidated accounting financial statement?