Explain the difference between the accrual basis and cash basis of accounting. What are the advantages and disadvantages of each method?
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- What are the benefits of Relevant Cash-Flow Information?In calculating any cash flow equivalence, what do we need to identify?What are annuities received? Also, how does the calculation of expected return and the calculation of inclusion amount for annuities received work? Please give me some examples/
- Explain how to calculate net realizable value.Discuss the differences between cash basis accounting and accrual basis accounting. What are the advantages and disadvantages of each?Describe similarities between the indirect and the direct method of te statement of cash flow. What is the same? What are the differences? If you have to choose between the two, which will you choose and why. For example:
- Explain in detail with examples of different methods for cash transactions, and the costs associated with each. Provide brief justification on how these costs can be reduced?FAR- Conceptual Framework Kindly help me answer the following : 1. Which of the following should be considered a current value measure? * a. Replacement cost and discounted cash flow b. Replacement cost and exit value c. Replacement cost, exit value and discounted cash flow d. Exit value and discounted cash flow 2. Obligations to transfer an economic resource include all, except * a. Obligation to provide services b. Obligation to pay cash c. Obligation to transfer an economic resource even if a specified future event does not occur d. Obligation to deliver goods 3. Which is not a purpose of the Conceptual Framework? * a. To assist accountants in selecting among alternative accounting and reporting methods. b. To provide definitions of key terms and concepts. c. To assist IASB in the standard-setting process. d. To provide specific guidelines for resolving situations not…