True/False
1. Under IFRS, companies are not required to prepare a statement of cash flows if the transactions are
reported elsewhere in the financial statements.
2. A statement of cash flows prepared according to IFRS requirements must be prepared using the direct
method for operating activities.
3. Under IFRS, noncash investing and financing activities are excluded from the statement of cash flows.
4. In certain circumstances under IFRS, bank overdrafts are considered part of cash and cash equivalents.
5. The definition of cash equivalents used in IFRS is similar to that used in GAAP.
Multiple Choice Questions
6. Which of the following is false with regard to IFRS and the statement of cash flows?
a. The IASB is strongly in favor of requiring use of the direct method for operating activities.
b. In certain circumstances under IFRS, bank overdrafts are considered part of cash and cash
equivalents.
c. IFRS requires that noncash investing and financing activities be excluded from the statement of cash
flows.
d. All of these statements are false with regard to IFRS and the statement of cash flows.
7. Ocean Company follows IFRS for its external financial reporting. Which of the following methods of
reporting are acceptable under IFRS for the items shown?
Interest paid Dividends paid
a. Operating Investing
b. Investing Financing
c. Financing Investing
d. Operating Financing
8. Ocean Company follows IFRS for its external financial reporting. Which of the following methods of
reporting are acceptable under IFRS for the items shown?
Interest received Dividends received
a. Operating Investing
b. Investing Financing
c. Financing Investing
d. Operating Financing
9. Wave, Inc. follows IFRS for its external financial reporting. The statement of cash flows reports changes in
cash and cash equivalents. Which of the following is not considered cash or a cash equivalent under
IFRS?
a. Coin.
b. Bank overdrafts.
c. Commercial paper.
d. Accounts receivable.
10. Surf Company follows IFRS for its external financial reporting. The following amounts were available at
December 31, 2021:
Interest paid $22,000
Dividends paid 16,000
Taxes paid 37,000
Under IFRS, what is the maximum amount that could be reported for cash used by operating activities for
Surf Company for the year ended December 31, 2021?
a. $59,000
b. $38,000
c. $53,000
d. $75,000
11. Surf Company follows IFRS for its external financial reporting. The following amounts were available at
December 31, 2021:
Interest received $25,000
Dividends received 16,000
Under IFRS, what is the maximum amount that could be reported for cash provided by operating activities
for Surf Company for the year ended December 31, 2021?
a. $-0-
b. $25,000
c. $16,000
d. $41,000
12. Surf Company follows IFRS for its external financial reporting. The following amounts were available at
December 31, 2021:
Interest paid $25,000
Dividends paid 16,000
Taxes paid on operations 37,000
Under IFRS, what is the maximum amount that could be reported for cash used by financing activities for
Surf Company for the year ended December 31, 2021?
a. $62,000
b. $41,000
c. $53,000
d. $78,000
13. In the "On the Horizon" feature in the text, which of the following is discussed regarding convergence of
GAAP with IFRS?
a. Noncash investing and financing activities will be disclosed only in the notes.
b. Bank overdrafts will be classified as part of financing activities.
c. The statement of cash flows will present only changes in cash and will exclude changes in cash
equivalents.
d. All of these choices are in "On the Horizon" regarding converging GAAP and IFRS.
14. Which of the following is true regarding the statement of cash flows and IFRS?
a. Cash and cash equivalents are defined differently under IFRS than under GAAP.
b. Companies preparing a complete set of financial statements under IFRS may exclude the statement of
cash flows if the cash flow activity is reported in the notes to the financial statements.
c. Under IFRS most companies choose to use the direct method of reporting cash flows from operating
activities.
d. Under IFRS noncash investing and financing activities are excluded from the statement of cash flows

Answer:

Yes, both you and the Sunnyside Camera Shop are legally bound. The consideration for you is the free rolls of 36-exposure color film, and the consideration for the Sunnyside Camera Shop is the agreement to develop and print all the rolls you use for a stated price per roll.

In addition to "Creating reports" and "Communicating with patients", Ernie could add "Collecting data and analyzing results" as a common characteristic in the common section of the Venn diagram. (Option A)

A Venn diagram is a famous diagram form that depicts the logical relationship between sets. It was popularized by John Venn in the 1880s.

The diagrams are used in probability, logic, statistics, linguistics, and computer science to teach introductory set theory and to show simple set connections.

Thus, in the above analysis, Ernie could add "Collecting data and analyzing results" as a common characteristic in the common section of the Venn diagram.

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Answer:

Access to lower production costs. Setting up production in other countries, especially in developing economies, usually translates to spending significantly less on production costs. ...

Proximity to target international markets. ...

Access to a larger talent pool. ...

Avoidance of tariffs.

Explanation:

hope this helps

Answer:

Advantages of multi national company in a country are:

1. Employment opportunities

2. Increased income

3. Foreign direct investment

4. Build New Market and Customer

5. Brand building

Explanation:

the positive relationship between the price of a good and quantity demanded by consumers.

Cliff Company manufactures file cabinets are Cost per equivalent unit for materials = X / 8,700. Cost per equivalent unit for conversion = Y / 6,200.

To calculate Cliff Company's cost per equivalent unit for materials and conversion using the weighted-average method, we need to divide the total cost of materials and conversion by the total equivalent units.

Given information:

Equivalent units of direct materials: 8,700

Equivalent units of conversion cost: 6,200

Let's assume the total cost of materials is $X, and the total cost of conversion is $Y.

Cost per equivalent unit for materials:

Cost per equivalent unit for materials = Total cost of materials / Total equivalent units of materials

Cost per equivalent unit for materials = X / 8,700

Similarly, cost per equivalent unit for conversion:

Cost per equivalent unit for conversion = Total cost of conversion / Total equivalent units of conversion

Cost per equivalent unit for conversion = Y / 6,200

Unfortunately, the specific cost values for materials and conversion are not provided in the question. Without those values, we cannot calculate the cost per equivalent unit accurately. Please provide the specific cost figures for materials and conversion to proceed with the calculation.

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The potential issue of countercyclical monetary policy is that it poses a danger of overreaction. Countercyclical monetary policy aims to stabilize the economy by adjusting interest rates, money supply, and other monetary tools to counteract fluctuations in the business cycle. However, there is a risk that policymakers may respond too aggressively or inadequately to economic conditions, leading to overreacting or undershooting the desired outcomes. This can potentially disrupt the economy and create unintended consequences. It is important for policymakers to carefully analyze and assess the current economic situation to ensure that countercyclical measures are appropriately calibrated and implemented to avoid excessive volatility or instability.

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Answer:

The answer to this question can be defined as follows:

Explanation:

VirusTotal was its online tool that scans its file for identification for virus and ransomware up to 256 Mb in the file name. You can also scan that virus scan URL/domain. Its content is examined by 70 virus protection scanners. However, it is convenient for customers who would search their files and connections to detect any file or link malicious type of virus protection.

Yeah, security experts should, of course, just use the service because it retrieves the security aspect for files and VirusTotal can scan the data.

Yeah, throughout the case of abuse of a software package, hackers can test their specific malware to insure how an AV alert is not activated, until releasing it. It will ensure that neither warning is triggered mostly by file, malicious document, or link, and thus check its material with VirusTotal.

Security must be taken from of the abuse by the perpetrators of the VirusTotal tool. Security must be in the form of even an assault that perhaps the virus model or malware ties could be uploaded or regulated throughout the VirusTotal Tool resources. So, it isn't essential to be using the VirusTotal tool.

Answer:

What are the two types of partnerships?

Explanation:

general partnership and limited partnership

Answer: Look over recent news about the company.

Explanation: I took the test and got it right. :D

Answer:

B

Explanation:

The majority of non-bank entities are subject to TILA enforcement and Regulation Z's implementation by the FTC. policy creation, as well as business and consumer education (all relating to the topics covered by Regulation Z, including the advertisement, extension, and certain other aspects of consumer credit).

Mortgages, home equity loans, home equity lines of credit, credit cards, installment loans, and private student loans are all covered by the law. By mandating prompt disclosure of a credit card's expenses, the TILA encourages the educated use of consumer credit. Additionally, it has substantive clauses that cover things like the consumer's ability to cancel certain mortgage loans and the prompt resolution of billing issues. Except for the guidelines for credit card issuing and liability for unauthorized use, Regulation Z does not apply.

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Private equity funds may exit their investments through methods such as participating in an IPO or selling their stake to another company.

They may exit their investment in a business through various methods, including:

a. Investing in shares of the business when the business engages in an IPO (Initial Public Offering). This allows the private equity fund to convert their ownership stake into publicly traded shares, which can then be sold in the open market for a profit.

b. Repurchasing shares of their own stock in the secondary market is not a common exit strategy for private equity funds, as this typically pertains to the company itself buying back its own shares.

c. Engaging in a credit default swap with the business is not an exit strategy for private equity funds. A credit default swap is a financial instrument used to transfer credit risk between parties and is not related to exiting an investment.

d. Selling their stake to another company or investment firm is another common exit strategy for private equity funds. This is known as a trade sale or secondary sale, in which the fund sells its ownership stake to another investor or strategic buyer, allowing it to realize a return on its investment.

In summary, private equity funds may exit their investments through methods such as participating in an IPO or selling their stake to another company. Other options mentioned, like repurchasing shares in the secondary market or engaging in a credit default swap, are not typical exit strategies for these funds.

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Answer:

pure competition

Explanation:

pure competition, is the simplest market structure because a large number of firms produce basically the same product at the same price, restricting the decisions and influence they have on the market. hope it helps

When firms produce the same product also with the same quality and price, it is signified as pure competition.

Pure competition is a term that describes a market that has a broad range of competitors who are selling the same products. There are a large number of sellers of a product which cannot be differentiated. Therefore, no single firm can have a significant influence on price. Other prevailing conditions are ease of entry of new firms into the market and perfect market information.The best examples of a purely competitive market are agricultural products, such as corn, wheat, and soybeans.

Therefore, pure competition is the correct answer.

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Answer:

B I'm pretty sure sorry if I get it wrong

Answer:

sales tax

Explanation:

sales tax is a tax a costumer pays for certain goods and services

Answer:

The professions related to engineering includes

Mechanical engineering

Biomedical engineering

Electronics engineering

Chemical (process) engineering

Petroleum engineering

Materials engineering

Human resources related to engineering includes

Welders

Mechanics

Plumbers

Electricians

Fitters

Carpenters

Brick layers

Operators

Machinist

Explanation:

Mechanical engineering profession

Mechanical engineering profession focuses on the branch of engineering that is related to designing, construction, and implementation of machine that provides energy, force or motion, in industry, homes, school, or office to meet the needs of the society

Welder

A welder is a person that regularly makes use of equipment meant for welding to create acceptable quality welds

Answer:

$541.00

Explanation:

2164 / 4 = 541

Based on the calculation, Chinwe's quarterly payment would be equal to $541.00.

A quarterly payment can be defined as a cumulative total of monthly payments that are made by an individual or business organization, four (4) times in a year or an annual basis. This ultimately implies that, a quarterly payment would be paid in four (4) installments only.

Given the following data:

Debt = $2,164.00.

Quarterly payment = 2,164.00/4

Quarterly payment = $541.00.

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A limitation of a global strategy is that standardized products may not meet the needs of customers in particular countries. (Option C).

A global strategy involves offering standardized products or services across different markets, often with a focus on achieving economies of scale and cost savings. However, this approach can also result in a lack of customization and flexibility to meet the unique needs and preferences of customers in different countries.

Therefore, companies using a global strategy may face the challenge of adapting their products or services to different cultural and regulatory contexts to satisfy local customer needs and preferences.

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Answer: The opportunity cost of producing 1 apple will be 1 orange.

Explanation:

Opportunity cost is defined as the loss or cost of another alternative when another alternative is being chosen by an economic agent.

In this scenario, the opportunity cost of producing every additional apple will be 1 orange due to the fact that as there's an increase in the production of apple from 80 to 90, there'll be a reduction in the production of orange from 30 to 20.

This indicates that for the increase of 10 apples, there's a reduction of 10 oranges which implies that an increase of 1 apple brings about a reduction by 1 orange.

Answer:

The new monthly balance will be $618.235.

Explanation:

Since you have a credit card account with a previous balance of $ 635, and you added two additional purchases for $ 75 and $ 50 during this billing period, and then you made a payment of $ 150 and your APR is 16.5%, to determine what is your new balance using the adjusted balance method, the following calculation must be performed:

(635 + 75 + 50 - 150) x (1 + 0.165 / 12) = X

610 x 1,0135 = X

618.235 = X

Thus, the new monthly balance will be $618.235.

Using the adjusted balance method, your new credit card balance is $618.39.

The adjusted balance method for calculating your finance charge uses the previous balance from the end of your last billing cycle and subtracts any payments and credits made during the current billing cycle..

Previous balance = $635

Additional purchases = $125 ($75 + $50)

Payment = $150

APR = 16.5%

Finance charge = $8.39 ($635 - $150 - $125) x 16.5%/12

Adjusted balance = $618.39 ($635 - $150 + $125 + $8.39

Thus, using the adjusted balance method, the new balance on the credit card is $618.39.

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A) A closed economy is one in which the goods and services produced are consumed entirely within that economy. If Y=Yd as tax is zero, then equilibrium occurs when the economy is in balance. In this problem, we are given the following information:

C = 50 + 0.80 Yd

I =200

G = 100

a) To find the equilibrium level of income (Y=Yd as tax is zero), we need to equate the total production with total income.

Y = C + I + G Y = (50 + 0.80 Y) + 200 + 100Y = 350 + 0.80 Y Y - 0.80 Y = 350 Y = 350/0.20 Y = 1750

The equilibrium level of income (Y=Yd as tax is zero) is 1750.

b) When G increases to 125, we can use the equation above to find the new equilibrium level of income.

Y = C + I + G Y = (50 + 0.80 Y) + 200 + 125 Y = 375 + 0.80 Y Y - 0.80 Y = 375 Y = 375/0.20 Y = 1875

The new equilibrium level of income is 1875.

c) To find the level of G needed to achieve a target income of 2000, we can use the equation above and solve for G. Y = C + I + G 2000 = 50 + 0.80 Yd + 200 + G G = 1550

The level of G needed to achieve a target income of 2000 is 1550.B) The determinants of propensity to consume are:

1. Disposable income: The more disposable income an individual has, the higher their propensity to consume.

2. Interest rates: Lower interest rates encourage borrowing, which can increase consumption.

3. Consumer confidence: High levels of consumer confidence can increase consumption.

4. Income distribution: Greater income equality can lead to higher levels of consumption.

5. Savings: Higher levels of savings can decrease consumption.

6. Expectations of future income: Positive expectations of future income can increase consumption.

7. Wealth: Greater wealth can increase consumption.

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Nicholas's after-tax savings rate of return is approximately 7.20%.

To calculate the after-tax savings rate of return, we need to first determine how much of Nicholas's interest income will be taxed. Since he is in the 28% tax bracket, he will pay taxes on 28% of his interest income. The remaining 72% will be his after-tax return.

So, if Nicholas earned 10% in his savings account, his before-tax interest income would be 10% of his savings. Then, his after-tax return would be calculated as follows:

After-tax return = Before-tax return x (1 - Tax rate)

After-tax return = 10% x (1 - 0.28)

After-tax return = 10% x 0.72

After-tax return = 7.20%

Therefore, Nicholas's after-tax savings rate of return is approximately 7.20%.

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Answer:

A stock symbol is an arrangement of characters—usually letters—representing publicly-traded securities on an exchange. When a company issues securities to the public marketplace, it selects an available symbol for its shares, often related to the company name.

Explanation:

Should the above scenario arise, the investor should:

The investor stands to make some losses if they go into this venture as there is a good chance that things will not work out. They should therefore state these concerns to the entrepreneur.

They should then ask for specific information such as market analysis and income projection methods and assumptions.

In conclusion, the investor should try to find out how the entrepreneur arrived at those figures.

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Answer:

prices of all goods and services bought by US households

Explanation:

Answer:

$65,000

Explanation:

The gross profit formula is: Gross Profit = Revenue – Cost of Goods Sold.

so we would say, 440000 - ( 60000 + 10000 + 55000 + 25000 + 45000 + 180000 ) = $ 65000

Therefore, when trying to be seen as trustworthy, caring, and credible by your new partner's parents, you are aiming to build a positive impression and gain their trust and approval. This involves being honest and reliable, showing empathy and understanding, and establishing credibility through your expertise and knowledge.

When trying to be seen as trustworthy, caring, and credible by your new partner's parents, you are aiming to achieve the interpersonal goal of building a positive impression and gaining their trust and approval.

Here's a step-by-step explanation:

1. Trustworthiness: To be seen as trustworthy, you should focus on being honest, reliable, and keeping your commitments. Show that you can be relied upon and that your intentions are genuine. For example, being consistent in your words and actions, following through on your promises, and respecting their boundaries.

2. Caring: Demonstrating care involves showing empathy, understanding, and consideration towards others. To be seen as caring, listen attentively to their concerns and interests, and show genuine interest in their lives. For instance, ask them questions about themselves, engage in meaningful conversations, and offer support when needed.

3. Credibility: To establish credibility, you need to showcase your expertise, knowledge, and skills. Demonstrate that you are reliable and knowledgeable in areas that matter to them. This can include discussing your achievements, qualifications, or sharing relevant experiences that highlight your capabilities.

When trying to be seen as trustworthy, caring, and credible by your new partner's parents, you are aiming to build a positive impression and gain their trust and approval. This involves being honest and reliable, showing empathy and understanding, and establishing credibility through your expertise and knowledge.

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If the unemployment rate is 10%, the relevant fiscal policy action would be to A. increase government spending.

When government spending is increased, it would lead to more jobs in the economy as the government hires people for projects.

Unemployment would also decrease as companies hire more people to produce as they receive more demand based on the increased government spending.

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Answer:

2, the owner withdraws the counteroffer before it is accepted.

Explanation:

When an offer is met with a counteroffer, until the counteroffer is accepted, there is always still the chance to withdraw the counteroffer. This usually happens when there is a new development as regards the offer.

From the above question, it can be seen that the owner of  the property responded with a counteroffer to the buyer's offer. Now, while the counter offer is being considered by the buyer, the owner gets a better offer and as such needs to withdraw the counteroffer given to the buyer.

Since there hasn't been any positive response to signify interest or agreement to the counteroffer, the counteroffer can still be withdrawn by the buyer as there is no contract yet.

In the event that, the buyer accepts the counteroffer of the owner, the new offer will have to be forgone as there is an agreement already.

Cheers.

Answer: The Consumer Credit Protection Act (CCPA)

Explanation:

In 1968, The Consumer Credit Protection Act was enacted was enacted so that people would only received fair credit practices and also to protect the consumers from harm

According to the CCPA, the total cost that is involved with regards to a loan must be disclosed. Therefore, the federal laws that protects you if you have a complaint regarding consumer credit is The Consumer Credit Protection Act (CCPA).

A combination of personal, moral, legal, and social norms of what is proper determine the ethics, which are a set of principles for thinking and acting.

When a particular action, course of action, or judgment runs afoul of a society's moral standards, an ethical problem arises. Since any of their actions could be questioned in terms of their ethicality, both individuals and corporations can be implicated in these disputes.

Utilitarian, Deontological, and Virtue concerns are the three primary subcategories of ethical problems. While deontological ethics emphasize the act itself, utilitarian ethics place more emphasis on the results of a choice. The character of the person acting is a key component of virtue ethics.

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