What does the IAS 2 explains?

Q: A student puts $10,000 in a savings account that pays 16% annual interest, compounded quarterly.…

A: Amount put in savings bank = $ 10,000 Interest Rate(r) = 16% compounded quarterly = 16/4 = 4% Total…

Q: d. If amesway sells $1.2 million in new stock and places the proceeds in marketable securities, what…

A: Current Ratio & Quick Ratio are calculated to know short-term solvency positions of the company.…

Q: What are the scopes of the IPSASs?

A: Financial Accounting- It is the branch of accounting that records events of financial nature that…

Q: What is the purpose of EDI?

A: Electronic data interchange: The expansion of EDI is Electronic Data Interchange and it allows the…

Q: Good internal controls in the revenue cycle should ensure all of the following except Select one: a.…

A: Introduction: Revenue: Sales called as Revenue to the business. Revenue is generated on selling…

Q: есе for Bad Debts ivable able nsurance Fixtures d Depn. - Furniture

A: As you have posted multiple independent questions, we are answering the first question. Kindly…

Q: What is this question answer?

A: Net realizable value = Estimated Selling Price -  Cost of Completion and Disposal where, Cost of…

Q: Exercise - ABC Inc. provided the following information: Cost per Period Unit Cost $ 5.00 $3.00 $1.50…

A: Manufacturing Overhead Cost All the cost of indirect nature being spent by a company in the…

Q: Salmone Company reported the following purchases and sales for its only product. Salmone uses a…

A: Last in First out (LIFO): The Last In First Out (LIFO) Method in which we sold the goods first which…

Q: Which of the followings we start with it to construct the cash flow statement :- Select one: a. Net…

A: Cash flow statement is constructed starting with net income available to common stock.  Operating…

Q: -S Yancey Productions is a film studio that uses a job-order costing system. The company's direct…

A: At the beginning of the accounting period, a predefined overhead rate is determined by dividing the…

Q: purpose of FA

A: FASB stands for Financial Accounting Standards Board. It is a non-profit organization that follows…

Q: What’s the AMT, and what is its purpose?

A: The main purpose of AMT is to set a limitation on the tax payers who may be making use of the excess…

Q: Could you explain part C and D?

A: ROI or return on Investment is computed by dividing the net profit earned by the total investments…

Q: What are the functions of the PCAOB?

A: Introduction PCAOB stands for Public Company Accounting Oversight Board. This is a private…

Q: es RTN hold any importan

A: In online transactions are done based on codes and codes are given for the name of bank and area of…

Q: What is EBITDA?

A: EBITDA is a metric which is used to measure the company's profitability. Though there is no legal…

Q: what's the answe in question 1?

A: Cash and Cash Equivalents The managing of cash equivalents is crucial for the business, and it is…

Q: What is a CMO?

A: A collateralize mortgage obligation (CMO) refers to a type of mortgage-backed security that contains…

Q: Cusic Music Company is considering the sale of a new sound board used in recording studios. The new…

A: Operating cash flow is helpful in measuring the amount of cash generated from the business…

Q: A reasonably good model for stock prices / asset values dS = µSdt+oSdz or ds S where is the expected…

A: GBM ( Geometric Brownian Motion) : It is a continuous-time stochastic process in which the logarithm…

Q: 11.12 Top Co has total receivables outstanding of $280,000. The accountant believes that…

A: Allowance for accounts receivable is created to provide for the loss that may occur in future due to…

Q: Which of the following would not be reported as inventory? A. Goods out on consignment B. Goods in…

A: Hi student Since there are multiple question, we will answer only first question.

Q: v Question Completion Status: A student puts $10,000 in a savings account that pays 16% annual…

A: Because you have posted multiple questions, we will answer the first question only, for the…

Q: developed the IPSASs? d.What are the scopes of the IP

A: International Public Sector Accounting Standards (IPSAS) are a collection of accounting standards…

Q: The petty cash fund consisted of the following items as of December 31, 2021: Currency and coins,…

A: It used in expenses like foods, postage stamp ,fare ,food expense etc.

Q: Nevis Corporation manufactures and sells a single product. In preparing the budget for the first…

A: The budgets are prepared to estimate the requirements for the future period including sales budget,…

Q: David and Lilly Fernandez have determined their tax liability on their joint tax re have made…

A: Solution:   Description Amount (1) Total Tax $1,500 (2) less: Prepayments (2,140) (3) less:…

Q: What is COSO? What is the PCAOB?  Why are they important?

A: Committee of Sponsoring Organizations of the Tread way Commission (COSO) is an organization formed…

Q: RTN: What is its significance?

A: RTN is an abbreviation of Routing Transit Number, which is very important aspect in the banking as…