You own a Pet Company and have three dogs, four cats, and one goldfish. How would you classify these animals under IFRS vs. US GAAP? Provide an explanation of your classification
Q: To what extent does "Coverage A2 - Loss Assessment" in a Condominium Unit Owners Comprehensive…
A: Condominium insurance is insurance on a group of buildings owned by individuals. Loss assessment is…
Q: P16.6 (LO 3, 4), AN Daniel and Darnell are considering offering a doggy daycare service. After some…
A: As per our protocol we provide solution to one question only but as you have asked multiple…
Q: n the context of home insurance coverage, it is correct to say that: * If damage from a fire or…
A: Home insurance can be defined as that insurance which enables an insurer to get the loss covered in…
Q: Husband and Wife have two biological children and one adopted child. Now that the adoption is…
A: adoption is a process of getting non-biological child of someone else legally.
Q: Which of the following people would not be considered an “Other Member” (OM) for Code of…
A: The term "Other Member" refers to individuals who are not engaged in the practice of public…
Q: which of the following persons must have an active North Carolina real estate license? a person who…
A: The objective of the question is to identify which of the given scenarios requires an active North…
Q: Under the liability portion of a personal Auto policy, all of the following people are considered…
A: Auto or motor insurance is the insurance that is taken by an individual on the vehicle that is owned…
Q: Discuss and answer these questions, using a reference from IAS 41 — Agriculture: 1. Is the natural…
A: IAS 41 describes the treatment of accounting business transactions, preparation of the statement of…
Q: Jaafar owns an upscale fitness club in Jeddah. He wants to be protected if a customer is injured due…
A: The money paid in exchange for indemnification is known as a premium. Insurance is the protection…
Q: What are other options for housing in retirement? Select all that apply, then click Submit below…
A: Retirement planning is referred as the financial strategies of investment, saving and distribution…
Q: Which of the following relatives must live with you the entire year to qualify you for HOH status?…
A: Son Or daughter
Q: Mr. Ahmed is planning to buy a new car, but he is thinking about whether to buy a new company car or…
A: Awareness stage is the first stage in customer adoption process, in which consumer becomes aware of…
Q: The required floodplain management plan and necessary Rate Maps are developed. Local taxes are…
A: National Flood Insurance Program which is managed by the Federal Emergency Management Agency enables…
Q: You are going to be a partner of your friend in a real estate business. How will you do it?
A: Friendships tend to be the foundation of many effective organisations in some instances. Pairs of…
Q: If the company employs a cost-plus markup of 30%, assuming the original volume of 28 dogs per day,…
A: Calculation of Estimated Dog hours per year = 5 x 50 x 8 x 28 = 56000 dog hours
Q: Please answer questions 34 and 35 correctly. Give me the right choices
A: Property refers to the item that is owned by an individual or business legally and has legal title…
Q: Which of the following is not an example of a special needs situation? Planning for Billy and Ray,…
A: Special needs situations is a typically situation where it involve individuals or families who have…
Q: Tim and Mary aware that they have to manage their personal finance and investment program…
A: Personal finance includes money management, saving, and investing. Budgeting, banking, insurance,…
Q: which of the following persons must have an active North Carolina real estate license? a person who…
A: The objective of the question is to identify which of the given scenarios requires a person to have…
Q: Assume that the company employs a target costing approach and that the going rate for doggy day care…
A: Decision regarding pricing of a product or the services requires an in-depth analysis regarding the…
Q: True
A: A person's domicile is typically determined by their country of origin or the country of their…
Q: Advise on what you consider would be the appropriate business structure, and why, for Peter…
A: The answer for the practical question on advising Peter and Melina an appropriate business structure…
Q: Using the “nonworking” spouse method, what should be the life insurance needs for a family whose…
A: Non-working spouse method: This method is form of insurance coverage that allows you to sustain ones…
Q: Give only typing answer with explanation and conclusion Slavik owns an apple orchard in the…
A: Introduction: Possessory interests are a type of legal interest that grants an individual or entity…
Q: Case Study: Jack’s Dog Sanctuary Jack’s Dog Sanctuary performs three services: housing and finding…
A: Direct Cost- Direct costs are expenses incurred in the production and maintenance of goods or…
Q: Homeowners policies have limits for items such as rare coins and jewelry. Which of the following…
A: If an individual owns some expensive items like antique articles, jewelry, fine arts, etc. then such…
Q: Rahim has a new friend on social media who lives in a different country. During a discussion, it was…
A: Answer: Option (b) Ethical relativism stated that there is no absolute truth in ethics. morality…
Q: Celia lives in Europe and received a survey in the mail from a U.S. company wanting to know how her…
A: The objective of the question is to identify the type of bias that Celia's response to the survey…
Q: Bill is in the process of selling his house to Lisa. Which role best describes each party? Bill…
A: In real estate, a grantee is the recipient of the property, and the grantor is a person that…
Q: Under what circumstances would you consider buying or renting a house?
A: Although both renting and buying have financial benefits, homeownership is not for everyone. Unlike…
Q: ate enough to bring twin baby boys into the world. To ensure that you are able to offer them any…
A: Given: To calculate the amount of the both as investment income in the each year as,
Q: Using the "nonworking" spouse method, what should be the life insurance needs for a family whose…
A: Non-working spouse method:This method is form of insurance coverage that allows you to sustain ones…
Q: Which one of the following child or dependent care expenses qualifies as an employment-related…
A: Qualified deductions are the eligible deductions which are listed by the taxation authorities. These…
Q: Required Information [The following information applies to the questions displayed below.] Joe and…
A: The definition of adjusted gross income (AGI) is gross income less adjustments to income. Earnings…
Q: which of the following persons must have an active North Carolina real estate license? a person who…
A: The objective of the question is to identify which of the given scenarios requires an active North…
Q: Susan and Gary are considering offering a doggy day-care service. After some research, they found…
A: Target cost is the total expense of a product after eliminating a specified percentage of profit…
Q: A couple applied for a loan to finance the purchase of a new home. What federal act was created to…
A: Introduction:- A loan is the primary option through which one or more individuals, institutions, or…
Q: her education option they have earned, you and your spouse arrange with a financial services firm…
A: Given: To calculate the amount of the both as investment income in the each year as,
Q: Danny and Julie, a married couple, decided to sell their community property home in a community…
A: If the property is sold by the married couple jointly and out of the proceeds the new property is…
Q: Sara owns a ring. She asks Tomas, a jeweler, to add a diamond to it. Adding the diamond will…
A: A conceptual framework that defines the principles ,assumption and various theories whoch can…
Q: John Mesa, CFA, is a portfolio manager in the Trust Department of BigBanc. Mesa has been asked to…
A: Summary of expenses and income: Expenses: 1. Annual after-tax living costs are expected to be…
Q: Draw your knowledge on Normative ethics, discuss whether or not students with rasta hair can be…
A: The answer:
Q: Which of the following will make a family home eligible for a special deduction?
A: Answer -- (b)
Q: All of the following are true of the HO-3 Special Form, EXCEPT: The HO-3 meets the property and…
A: The most prevalent type of homeowners insurance coverage offered today is a HO-3 policy, which…
Q: Most of us have had experience renting. Share your experience. List two good things you have done in…
A: Answer:- Four things that are very important for finding and renting an apartment:- 1. Location:-…
Q: Makiko Iwanami, a student from Osaka, Japan, is in one of your classes. She is considering the…
A: Here's a detailed calculation for better understanding. 1. Understanding Liability Insurance in the…
Q: Are there any circumstances at all in which you would advise a client that the costs of installing…
A: As per the IRS publication, medical expenses for diagnosis, treatment and prevention of diseases can…
You own a Pet Company and have three dogs, four cats, and one goldfish. How would you classify these animals under IFRS vs. US GAAP? Provide an explanation of your classification
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- X sold his dog to Y on 01 May 2022 with the stipulation that X will deliver the same on 20 May 2022. It turns out that the dog is pregnant and will be having her labour on 19 May 2022, who owns the puppies? a. Y because the contract was already perfected on 01 May 2022 b. X because the dog already gave birth before the delivery c. Both of the parties d. None of the partieswhich of the following persons must have an active North Carolina real estate license? a person who manages the petals of their parents beach cottage without receiving any compensation for their services a retiree who refers prospective home buyer to the home sales center at their retirement community in return fro fee rounds of golf anyone who occasionally buys. renovates, and sells historic houses at a significant profit the executor of an estate who handles the sale of the deceased persons real property and receives an executors feeSven was recently quoted on a disability policy with an any occupation definition of disability. Sven does want to buy disability coverage, however, the premium was more than he was willing to pay. Sven has some savings built up as an emergency fund and manages his cash flow quite well, so he knows what premium he can afford without impacting his standard of living. What change could Sven consider that would reduce his premium but allow for coverage to continue to meet his objective? a) He could increase the elimination period of the policy b) He could increase the length of his benefit period. c) He could change the definition to own occupation. d) He could decrease the waiting period.
- Let’s say someone applies for an apartment and the landlord informs them that based on their credit report, they are not going to rent them an apartment. According to FCRA, what information must they legally provide you about that decision.Josef is an employee of ACME Equipment Rentals and Repair. To ensure that Josef is available to respond to service calls, the company provides Josef with an Apple I-phone. Josef, on occasion, will also use the phone for personal calls and to watch the occasional TikTok video on his breaks. Is this a taxable or nontaxable fringe benefit to Josef?AN Daniel and Darnell are considering offering a doggy daycare service. After some research, Daniel and Darnell found several pet daycare facilities in their area; but they were expensive! Further, the facili- ties were sterile and didn't provide for a "homey" or fun environment for their pets. Daniel and Damell felt they could easily solve this problem. Daniel's home would be the location for their business since it already had a fenced-in yard a nd is located two blocks from a dog park. Estimated costs for building an outdoor shelter, plus other licensing and business start-up costs, are as follows. Shelter (depreciated over 7 years) $500 per year Licensing & other annual costs $750 per year $15 per hour $15 per day per dog Hourly wage for hired labor; planned for only 200 hours per year Variable costs for food Estimated volume of dogs per day (Assume business is open 5 days a week) Which pricing strategy, target costing or cost-plus, would be more appropriate for this company,…
- Finance A sales associate was issued by his initial Florida sales associate license last year. The sales associate wants to become licensed as a real estate broker. To be eligible for a brokers license, he must?Jesus and Mindy have modified AGI of $239,000, adopted a girl from Miami, Florida, and incurred a total of $18,000 in qualified adoption expenses. What is the amount of adoption credit they can claim in the current year? (Do not round interim calculations) Multiple Choice $14,890. $10,985. $18,000. $9,087.Please answer the following questions in accordance with IAS 41: a. Are oil palm fruit that has not been harvested a biological asset? b. Does the yield from biological assets generate other biological assets (eg milk milked from cows)? c. Is the natural breeding of animals in zoos an agricultural activity?
- In determining whether a relative can be claimed as a dependent, which one of the following is not included in determining the amount of support given to a dependent? Amounts spent on food Amounts spent for ballet lessons and soccer uniforms Amount spent for a trip to Europe over the summer University scholarships for academic excellenceLook at Ex.5 and ask questions as the examples: Does Henry have good friends?- Yes , he does.Insuring a Standard Home Kyoko is the owner of a 15-year-old home, and is looking to buy a homeowner's insurance policy. She feels it would be overly cautious to purchase protection from all perils, but in addition to protection from fire, vandalism, windstorms, and so on, she also wants insurance for damage caused by malfunctioning of internal structures like air conditioning or plumbing. Based on the peril coverage it offers, she purchases an HO-8 insurance policy. Her home has a replacement value of $250,000, therefore she insures her home for the minimum legal requirement of Assuming she does not purchase any additional coverage beyond the legal minimums, complete the following table indicating the maximum dollar value of reimbursement she can receive for each of the following: Damage to personal property: n Detached buildings: Loss of Use (Additional living expenses): Property damage: Insuring While Away at College Kyoko's son, Jacques, is a college student living in a campus…
