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Y_Kistochka
2 months ago
8

Believing it will make it easier for investors to compare firms across countries and make it easier to raise capital globally, m

ost large accounting firms and multinational firms favor the switch from GAAP to IFRS.
True / False.
Business
1 answer:
Nady [3.6K]2 months ago
4 0

Answer:

True

Explanation:

Generally Accepted Accounting Principles (GAAP) apply exclusively within the United States, while International Financial Reporting Standards (IFRS) are embraced by the majority of countries worldwide. This international alignment facilitates easier comparisons between firms and assists in global capital acquisition.

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Which of the following statements are true about this natural monopoly? Check all that apply. The cable company is experiencing
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Overton, Inc. had the following transactions in 2017, its first year of operations: • Issued 15,000 shares of common stock. Stoc
harina [3808]

Answer:

total stockholders' equity = $660000

Explanation:

provided information

Shares issued = 15,000

par value = $0.01 each

issued price = $39.00 each

net profit = $300,000

dividends paid = $15.00 for each share

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total stockholders' equity

solution

we derive here the common stock value as

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common stock = $585000

and

the amount for dividends is = $15 × 15000

dividends = 225000

thus

total stockholders' equity will be

total stockholders' equity = common stock + net profit - dividends

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8 0
1 month ago
A company's unit costs based on 100,000 units are: Variable costs $75 Fixed costs 30 The normal unit sales price per unit is $16
Free_Kalibri [3773]

Answer:

Incremental profit = $30000

thus, the correct choice is a. $30,000

Explanation:

provided data

Variable costs = $75

Fixed costs = 30

Sales price = $165

to determine

incremental profit or loss  from approval

solution

The contribution per unit is calculated as follows:

Contribution per unit = $165 - $75

Contribution per unit = $90

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Loss on contribution = $3000 × $90

Loss on contribution = $270000

Furthermore,

The incremental contribution for the special order is calculated as:

Incremental contribution = (135 - 75) × 5000

Incremental contribution = $300000

Thus, the incremental profit equates to:

Incremental profit = $300000 - $270000

Incremental profit = $30000

therefore, the correct option is a. $30,000

8 0
2 months ago
If as a part of its business, a company routinely handles toxic materials, all employees who come into contact with the hazardou
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